Trade Finance Program
The African Development Bank and Mozambique reinforced their partnership during a visit by Mr. Solomon Quaynor, the Bank’s Vice President for Private Sector, Infrastructure and Industrialization. This visit, held from March 12th to 15th, 2024, underscores the Bank’s commitment to supporting...
The Board of Directors of the African Development Bank Group on Monday, 4 December 2023 approved a USD 7 million Trade Finance Transaction Guarantee facility for NBS bank in Malawi to support small businesses. This facility will provide 100% guarantee to international confirming banks (CBs) for...
Bukola Smith, Managing Director, FSDH Merchant Bank (left) and Lamin Barrow, Director General, African Development Bank Nigeria Country Department, display copies of the signed Trade Finance Facility Agreement in Lagos on Wednesday. Photo credit: AfDB
The African Development Bank is providing $300 million to refurbish metre-gauge railway lines in Uganda
31-Jul-2021
African Development Bank launches new Transaction Guarantee to support SMEs and trade in Africa
The African Development Bank, through its Financial Sector Development’s Trade Finance operations, has launched a Transaction Guarantee instrument designed to provide up to 100% cover for non-payment risk to regional and international banks, for trade transactions initiated by local banks in...
02-Jul-2020
African Development Bank joins WTO and other MDBs to support trade finance amid COVID-19 crisis
The African Development Bank Group has joined the World Trade Organisation and other multilateral development banks to reduce trade finance gaps that emerge as a result of the COVID-19 pandemic.
In a joint press release issued 1 July 2020, the institutions said they would prioritize their...
19-Mar-2020
African Development Bank renews risk participation agreement for trade finance with Sumitomo subsidiary
The Board of Directors of the African Development Bank on Wednesday approved a $200 million Trade Finance Risk participation agreement (RPA) between Sumitomo Mitsui Banking Corporation Europe (SMBCE) and the African Development Bank.
The RPA, replacing an earlier one that expired in late...
The African Development Bank has signed an unfunded $250-million Risk Participation Agreement (RPA) facility with ABSA - a pan-Africa financial institution with a solid presence in 12 African countries. The 3-year RPA facility was signed November 12, on the sidelines of the Africa Investment...