Afreximbank, UK’s CDC Group sign $100m agreement for trade

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…

Buhari pledges to revive cotton, textile industry

President Muhammadu Buhari, Friday, in Abuja, pledged the commitment of his administration to revive the ‘good old days’when the cotton and textile industry employed hundreds of thousands of Nigerians. Receiving the CEO of Vlisco Group, David Suddens, at the Presidential Villa, President Buhari welcomed the proposed investment of $200 million by the company in Nigeria, which…