Afreximbank issues a $29 million guarantee to scale East African Community (EAC) Customs Bond, easing movement of goods across East Africa

The African Export-Import Bank (Afreximbank) has issued a US$29 million guarantee to BSMART Technology Ltd to support the implementation and scaling of the EAC Customs Bond. This technology-enabled regional customs guarantee solution aims to facilitate the movement of goods across East African countries. The facility is intended to strengthen the financial capacity underpinning the bond and support a transition to a more seamless digital and integrated customs environment. The support builds on Afreximbank's collaboration with the EAC Secretariat, which began with a pilot phase in August 2025 and the subsequent launch of the bond during the Heads of State Summit in March 2026, through the Afreximbank African Collaborative Transit Guarantee Scheme (AACTGS).

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