Afreximbank, ATDC unveil $500m push to transform African trade

Afreximbank and the Africa Trading and Distribution Company (ATDC) have signed a $500 million Global Credit Facility to boost intra-African trade. The facility will finance the purchase and aggregation of African goods, logistics, transportation, warehousing, and distribution. Kanayo Awani, Executive Vice President at Afreximbank, said the agreement supports the African Continental Free Trade Area (AfCFTA). The initiative aims to strengthen trade and supply chains across the continent.

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