Afreximbank, ATDC sign $500 million Global Credit Facility to expand African trade
The African Export-Import Bank (Afreximbank) and the Africa Trading and Distribution Company (ATDC) have signed a $500 million Global Credit Facility aimed at strengthening the trade, movement and distribution of commodities across Africa and international markets. The post Afreximbank, ATDC sign $500 million Global Credit Facility to expand African trade appeared first on Nairametrics .
Afreximbank and ATDC have signed a $500 million Global Credit Facility to bolster Africa's trade and distribution networks. The facility, aimed at strengthening intra-African trade, will provide ATDC with additional trade-finance capacity to execute and scale eligible trading and distribution transactions across the continent. The financing will support the purchase and aggregation of African commodities, as well as cover associated logistics, transportation, warehousing, and distribution costs.
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