Afreximbank approves $400-million credit facility for ETG

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The African Export-Import Bank has given approval to a $400-million revolving global credit facility agreement for the Export Trading Group (ETG), enabling it to keep playing its role in the agri-foods supply chain of efficiently connecting African farmers to markets.

The credit facility will address key bottlenecks being faced by African agri-exporters.

“Afreximbank remains committed to supporting African nations navigate the COVID-19 pandemic; at the same time, we remain focused on boosting agricultural productivity and accelerating the diversification of exports to strengthen the resilience of African economies,” Kanayo Awani, Managing Director of Afreximbank’s Intra-African Trade Initiative, said.