La Banque commerciale du Burundi (Bancobu) a reçu une facilité de garantie des transactions de financement du commerce de la part du conseil d' administration du Groupe de la African Development Bank (AfDB).

The AfDB agreement will provide support to small and medium-sized enterprises (SMEs) and local companies to facilitate meeting their import and export trade finance needs. Indeed, the Bank will provide a guarantee to confirming banks for the risk of default arising from the confirmation of letters of credit and similar trade finance instruments issued by Bancobu. Nnenna Nwabufo, managing director for East Africa at African Development Bank stressed the crucial need for such support on the continent, announcing her satisfaction with this partnership, which will allow Bancobu to increase its support for trade finance. in critical sectors of the Burundian economy thanks to the alleviation of the need for capital provided by the

For Nnenna Nwabufo, “this is in line with the priority given by the Bank to private sector development through financial sector support.”