Afreximbank, ATDC unveil $500m push to transform African trade

File photo: Balogun Market, Lagos Island.
File photo: Balogun Market, Lagos Island. Photo: Yellowcrunchy / CC BY-SA 4.0, via Wikimedia Commons

African Export-Import Bank (Afreximbank) and the Africa Trading and Distribution Company (ATDC) have signed a $500 million Global Credit Facility to strengthen the movement of goods, supply…

African Export-Import Bank (Afreximbank) and the Africa Trading and Distribution Company (ATDC) have signed a $500 million Global Credit Facility to strengthen the movement of goods, supply chains and intra-African trade.The facility will finance the purchase and aggregation of African goods, logistics, transportation, warehousing and distribution, enabling ATDC to scale…

Source: Vanguard. This is a short extract from the published report. Read the full story at the original site:

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