AfDB nods $75m for FirstRand Bank’s trade financing facility
Published On October 17, 2022 » 818 Views» By Times Reporter » Business, Stories
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By KENNEDY MUPESENI
THE African Development Bank (AfDB) has approved an unfunded US$75 million trade finance Risk Participation Agreement (RPA) facility for financial services firm FirstRand Bank.
This will enhance FirstRand’s ability to underwrite trade finance transactions originating from issuing banks in several countries, including transition States and low-income countries across Africa, according to Mining Weekly.

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