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AFDB and EXIM Bank form a partnership to enhance support for businesses in cross-border trade with a $10 million Trade Finance Transaction Guarantee Facility.
Sep 30, 2026
Contract Type
partnership
AbidjanInternational Trade and Development
Description
The African Development Bank and Exim Bank have established a $10 million partnership to bolster trade finance for Tanzanian businesses. This initiative provides guarantees against non-payment risks, supporting local entities engaged in cross-border trade and promoting intra-African trade.
Company Information
Company
African Development Bank
Location
Abidjan, Abidjan, Côte D'ivoire
About
The African Development Bank Group’s mission is to help reduce poverty, improve living conditions for Africans and mobilize resources for the continent’s economic and social development. With this objective in mind, the institution aims at assisting African countries – individually and collectively - in their efforts to achieve sustainable economic development and social progress. Combating poverty is at the heart of the continent’s efforts to attain sustainable economic growth. To this end, the Bank seeks to stimulate and mobilize internal and external resources to promote investments as well as provide its regional member countries with technical and financial assistance.
