Afreximbank to disburse $40bn for African trade
Published On November 18, 2021 » 684 Views» By Times Reporter » Business, Stories
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By MAIMBOLWA MULIKELELA in Durban,South Africa –
THE African Export-Import Bank(Afreximbank) will disburse US$40 billion to support intra-African trade over the next five years. This will build from the US$20 billion disbursed in the past five years, according to Afreximbank President and Chairman of board of directors Benedict Oramah. “We are also providing Letters of Credit Confirmation lines to African commercial banks to support cross-border trade.

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