Trade Finance Program

20-juin-2019

African Development Bank, MFW4A and BMZ/GIZ host International Workshop on Africa’s Trade Finance Market

The African Development Bank, Making Finance Work for Africa (MFW4A) and the German Cooperation (BMZ/GIZ) held a two-day international workshop in Frankfurt, Germany, to improve participants’ understanding of trade financing in Africa. The workshop, themed: “The Consolidation of International Correspondent Banking Relationships in Africa,” was attended by representatives of the main correspondent banks operating in Africa - Commerzbank, Deutsche Bank, Standard Chartered Bank, standard-setting bodies (FSB, SWIFT, GLEIF) and other international stakeholders. Its purpose was to discuss...
25-avr-2019

Pour booster le commerce en Afrique, la Banque africaine de développement signe avec Natixis un accord de participation aux risques de 50 millions de dollars

Ce mercredi 24 avril 2019 en son siège à Abidjan, la Banque africaine de développement a signé avec la banque Natixis un accord de participation aux risques (APR) d’un montant de 50 millions de dollars américains. Cet accord de partage de risques à 50/50 porte sur un portefeuille de transactions commerciales d’un montant global de 100 millions de dollars. Partant, il appuiera pour 600 millions de dollars d’opérations commerciales en Afrique sur les trois prochaines années. « Cet accord historique nous permet, non seulement de mieux accompagner nos clients en Afrique, mais...
25-avr-2019

South Sudan: African Development Bank, ATI support leads to US$ 27.62 million in commercial risk insurance cover

South Sudan has this month realised a record $27.62 million in commercial risk insurance cover through the efforts of the South Sudan government, the African Development Bank and the Africa Trade Insurance Agency (ATI). ATI has, to date, provided gross risk cover to facilitate investments in the electricity, gas, water supply and financial and insurance sectors. South Sudan is also expected to benefit from a $100 million trade facility from the Trade and Development Bank (TDB). The facility will focus on strategic commodities, budgetary support and other essential co-imports. It will...
10-avr-2019

African Development Bank Board approves $4.8 million grant to accelerate African free trade

On 1 April 2019, the Board of the African Development Bank approved an institutional support grant of $4.8 million to the African Union (AU) to accelerate the momentum of the African Continental Free Trade Area Agreement (AfCFTA), which received its 22nd ratification on 2 April, bringing the agreement into force. The AfCFTA is a major force for continental integration. It will expand intra-African trade by up to $35 billion per year and usher in freedom of movement for goods, services and people across the continent’s internal borders, with a regime of reduced tariffs and non-tariff...
08-jan-2019

African Development Bank approves US$14.12 million to support Nigeria’s membership in African Trade Insurance (ATI) Agency

The African Development Bank Group, through its Trade Finance operations, has approved a US$14.12 million facility to support the Federal Republic of Nigeria’s membership in the African Trade Insurance Agency (ATI). This is a critical and mandatory step to enable ATI commence its operations in Nigeria. Nigeria, as Africa’s largest economy, joins 14 other African countries that have already signed up to ATI membership. Once membership formalities in ATI are finalized, Nigeria could benefit from gross political and commercial risk insurance cover on total investments and trade amounting to...
29-nov-2018

African Development Bank approves $100 million facility to enhance trade financing across Africa

The Board of Directors of the African Development Bank Group (the Bank), on Thursday, 29 November, 2018, approved a second unfunded $100-million Risk Participation Agreement (RPA II) facility for First Rand Bank Ltd (FRB).  Housed under the Trade Finance operations of the Bank, this facility will enhance FRB’s ability to underwrite trade finance transactions originating from issuing banks in transition states and low-income countries (LICs) across Africa.  It is estimated that the facility, when fully utilized, will support more than $600 million (double what was raised under the...
13-juil-2018

African Development Bank and AfreximBank sign Strategic Factoring project to support African SMEs

The African Development Bank, through its Trade Finance operations, and Afreximbank today signed a Grant Agreement to support the development of factoring (a form of debtor finance in which a business sells its accounts receivable (invoices) to a third party (called a factor) at a discount) on the continent. This is a big step towards both institutions’ unrelenting drive and commitment to continue enabling extra and intra-Africa Trade. The Fund for African Private Sector Assistance (FAPA) hosted by the African Development Bank will invest US$500,000 towards the total deal size of US$950,...
31-mai-2018

Ten-year CAD 60-million “Feed Africa” bond issued by the African Development Bank

The AAA-rated African Development Bank (Moody’s/S&P/Fitch/Japan Credit Rating Agency), issued its second “Feed Africa” bond for CAD 60 million, sold to Japan Post Insurance Co., Ltd., the sole investor in the transaction, with Citigroup Global Markets Limited acting as the arranger and lead manager of the transaction. As part of its High 5 priorities, the Bank adopted a “Feed Africa” Strategy for Agricultural Transformation in Africa 2016-2025, investing US $24 billion over ten years to help end extreme poverty; eliminate malnutrition; end dependency on food imports, and move Africa...
12-avr-2018

African Development Bank’s Trade Finance Operation signs US $100-million soft commodity finance facility agreement with the Export Trading Group

The African Development Bank has signed a loan agreement for a soft commodity finance facility (SCFF) with the Export Trading Group (ETC). This Facility is innovatively structured as two successive loans of US $100 million, each with a tenor of up to 2 years, thus signifying the African Development Bank’s strong commitment to the promotion of agriculture in Africa. This SCFF is one of the core Trade Finance instruments in the Bank that will provide pre- and post-shipment finance along various stages of ETC’s commodity value chain operations in the 17 countries expected to benefit from the...
23-mar-2018

African Development Bank pledges full support towards success of Continental Free Trade Area

The African Development Bank celebrates with Africa and pledges its full support to achieve the success of the recently launched Continental Free Trade Area, as part of its strategy to help Integrate Africa. To accelerate trade facilitation, the Bank has invested more than $20 million over the past five years in trade agreement support, and cross-border transport and energy soft infrastructure and is committing to support the building of the institutional and human capacities of the Continental Free Trade Area Secretariat. “The Continental Free Trade area will stimulate intra-...
06-mar-2018

African Development Bank approves US $100-million Trade Finance Facility in Angola

The Board of Directors of the African Development Bank has approved a US $100-million Trade Finance Line of Credit to Angola’s Investment Bank (Banco Angolano de Investimentos, BAI). The funding will support international trade transactions of small and medium enterprises (SMEs) and local corporates in identified transformative sectors in Angola. In addition, a number of indirect benefits from this facility are expected to accrue to BAI’s subsidiaries in Cabo Verde and São Tomé and Príncipe through the strengthening of correspondent banking relationships by providing guarantees on their...
09-Feb-2018

Le NEPAD-IPPF soutient les pays africains dans le renforcement des infrastructures régionales : huit subventions d’une valeur totale de 14,83 millions de dollars EU accordées en 2016

Le Mécanisme de financement de la préparation des projets d’infrastructure du Nouveau partenariat pour le développement de l’Afrique (NEPAD-IPPF) a poursuivi son assistance aux pays africains, en renforçant les infrastructures de connectivité régionales, en fournissant des subventions pour la préparation et le développement de projets d’infrastructures régionales transfrontalières complexes. Les domaines couverts par ces subventions concernent l’énergie, les transports, les TIC ainsi que l’énergie hydraulique transfrontalière. Cette aide contribue directement aux efforts d’intégration et d’...
09-nov-2017

AfDB approves US$ 172 million financial package to Nedbank

The Board of Directors of the African Development Bank Group (AfDB) has approved a US$ 172-million financial package to Nedbank Group Limited of South Africa, to finance local and continental businesses. The package comprises of a ZAR 2-billion subordinated loan and a US$ 30 million unfunded Risk Participating Agreement (RPA) facility to benefit African issuing banks in 20 Regional Member Countries (RMCs). The sub-debt will strengthen Nedbank’s Balance sheet and contribute towards the realization of its strategy to finance among other sectors, infrastructure, SMEs; digital banking and...
06-oct-2017

La Banque africaine de développement publie son second rapport d'enquête sur le financement du commerce en Afrique « Surmonter les défis »

La Banque africaine de développement (BAD) a publié son second rapport d'enquête sur le financement du commerce en Afrique intitulé « Le financement du commerce en Afrique : Surmonter les défis ». En s'appuyant sur les résultats de la Première enquête de 2013, ce nouveau rapport (qui couvre la période 2013-2014) va encore plus loin dans l'examen des différents aspects du financement du commerce par l'intermédiaire des banques, tels que les difficultés rencontrées par les PME et les nouveaux candidats à un prêt de financement d'activité commerciale. Le rapport s'appuie par...
14-juin-2017

AfDB approves US $100 million for Export Trading Group’s soft commodity value chain operations in sub-Saharan Africa

The African Development Bank has approved a US $100- million facility to finance Export Trading Group (ETG’s) soft commodity value chain operations in sub-Saharan Africa. This Soft Commodity Finance Facility (SCFF) is one of the core Trade Finance instruments in the Bank, innovatively structured to provide pre- and post-shipment finance along various stages of ETG’s commodity value chain operations in the 17 countries expected to benefit from the initiative. This intervention will help local farmers and soft commodity suppliers grow their revenues and produce quality crops for...
24-avr-2017

Promouvoir le développement par le financement du commerce - Version Complète

Le commerce joue un rôle essentiel dans les pays en développement qui veulent se transformer sur le plan socio-économique. Le passage du statut de pays à revenu faible à celui de pays à revenu moyen et moyen supérieur dépend largement de la capacité à développer un commerce florissant sur les marchés régionaux et internationaux. On n'insistera jamais assez sur l’importance du commerce pour la transformation économique, sachant que l’Afrique est à la fois le continent qui compte la plus grande proportion de pays en développement et la région où l’on trouve des économies dont le ratio des...
30-mar-2017

AfDB Approves a USD 450 million Trade Finance Package for the African Export-Import Bank (Afreximbank)

The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, May 29, 2017 a USD 450 million Trade Finance Package for the African Export–Import Bank (Afreximbank). The facility consists of a 3-year USD 150 million unfunded Risk Participation Agreement (guarantees) and a 4-year USD 300 million Trade Finance Line of Credit. This composite facility will help to expand Afreximbank’s risk bearing capacity for the confirmation of letters of credit and to support more trade through the provision of increased liquidity to local financial institutions and corporates in Africa...
28-Feb-2017

Tunisie : une ligne de crédit de la BAD de 60 millions d’euros à la Banque de l’Habitat pour financer les PME

La Banque africaine de développement (BAD) et la Banque de l’Habitat (BH) ont signé, le 27 février 2017 à Tunis, l’accord de prêt préalable à l’octroi d’une ligne de crédit de 60 millions d’euros, destinée au financement des PME tunisiennes. Cette ligne de crédit devrait a à redynamiser les échanges économiques et commerciaux de la BH ; mais aussi soutenir la croissance de cet établissement bancaire sur le marché tunisien et renforcer sa présence en Afrique. Ahmed Rjiba, directeur général de la BH, a salué le caractère opportun de cette ligne de crédit : « En bénéficiant d’une source en...
25-jan-2017

AfDB approves US $90-million financial package to boost Commercial Bank of Africa’s funding of SMEs in Kenya and grow trade finance in Africa

The Board of Directors of the African Development Bank has approved a US $90-million financial package comprising a US $50-million Line of Credit and US $40-million Trade Finance Line of Credit to Commercial Bank of Africa Limited (CBA), Kenya. The funding will be channeled to SMEs and local corporates in infrastructure, tradable and other transformative sector transactions in Kenya. It will provide liquidity support to expand financing to local corporates involved in value-addition in the trading, manufacturing, agriculture, infrastructure, transport, and construction, among other sectors...
20-jan-2017

Afrique australe : la BAD approuve un prêt de 20 millions de dollars EU au groupe Meridian

La Banque africaine de développement a octroyé un prêt d’un montant de 20 millions de dollars EU au groupe Meridian, pour financer ses activités au Malawi, au Mozambique et au Zimbabwe. Meridian y opère notamment dans le commerce de matières premières agricoles. Cette facilité de financement de produits agricoles a été conçue pour fournir un appui, avant et après expédition, à chaque étape de la chaîne de valeur des produits agricoles du groupe Meridian dans ces trois pays. Ce, afin de permettre aux agriculteurs locaux, comme aux fournisseurs de matières premières, d’accroître leurs...