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Browsing: Trade Finance
- An alliance of two UK institutions—the Ghana International Bank and the British International Investment (BII)—is tailored to address trade finance needs in key African markets.
- The two institutions have committed $50 million in trade finance facilitation targeting industry stakeholders in Rwanda, Tanzania, Sierra Leone, Liberia, The Gambia, Benin, the DRC.
- The financing plan seeks to plug banking industry gaps that continue to perpetuate general lack of credit appetite for frontier markets in Africa.
A UK-based African financial institution, the Ghana International Bank has entered into a $50 million trade finance agreement with British International Investment (BII) to fund organisations in eight countries across the continent.
In a statement on Monday, the UK’s development finance institution (BII) said the trade finance facility will target investments in Tanzania, Rwanda, Sierra Leone, Liberia, The Gambia, Benin, and in the Democratic Republic of Congo.
“I’m delighted to see two UK institutions coming together to …