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Strengthening banking activities: two Burundian banking institutions conclude two agreements

16/11/2023
Source : ORISHAS FINANCE
Categories: Sectors

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C'était samedi 11 novembre 2023 que the Commercial Bank of Burundi (Bancobu) and the Banque de Crédit de Bujumbura (BCB) have concluded two loan agreements, for a total amount of $95 million, with Afreximbank.

The agreement between the two financial institutions aims to strengthen their lending activities to export-import and trading companies. The agreement concluded with Bancobu covers an amount of $55 million. This financing will allow this bank, which is 32% owned by the Burundian State, to strengthen its loans to companies importing essential products such as petroleum products. The second loan agreement worth $40 million, signed with Banque de Crédit de Bujumbura style="font-family: "Bookman Old Style”, "serif"">, aims to support trade finance in Burundi. The objective of Afreximbank is to strengthen intra-African trade

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