AFREXIMBANK, UK’S CDC Group Sign $100M Agreement For Trade

AFREXIMBANK, UK’S CDC Group Sign $100M Agreement For Trade

The
                                 Nigerian-British
                                 Chamber of Commerce - AFREXIMBANK, UK’S CDC Group Sign $100M Agreement For Trade
Business & Economy November 16, 2018

The African Export-Import Bank (Afreximbank) and the United Kingdom’s CDC Group Plc at the weekend in Casablanca, Morocco, signed a $100-million master risk participation agreement to support Afreximbank’s Trade Facilitation Programme. Under the terms of the risk participation arrangement, CDC will provide unfunded risk participation to Afreximbank as the Bank provides trade finance products that include trade confirmation services; trade confirmation guarantee; and irrevocable reimbursement undertakings.

Source: https://www.businessdayonline.com/business-economy/article/afreximbank-uks-cdc-group-sign-100m-agreement-trade/

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