Afreximbank and Africa Trading and Distribution Company (ATDC) sign US$500 million facility to expand African trade and distribution

The African Export-Import Bank (Afreximbank) and the Africa Trading and Distribution Company (ATDC) have signed a US$500 million Global Credit facility agreement to support trade, movement, and distribution of commodities and products across African and global markets. ATDC is a pan-African platform established to expand Africa's trade, accelerate industrialisation through local value addition, and strengthen economic integration. With initial operations in Egypt, Nigeria, Malawi, and Zimbabwe, the platform aims to close gaps in trade and market intelligence, improve market access, and support the African Continental Free Trade Area (AfCFTA). Under the facility, Afreximbank will provide ATDC with trade-finance capacity to undertake and scale eligible trading and distribution transactions across the continent.

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