Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » AfDB and TDB Group enter $150m Trade Finance Unfunded RPA

    AfDB and TDB Group enter $150m Trade Finance Unfunded RPA

    December 8, 2024
    Share
    Facebook Twitter LinkedIn WhatsApp

    Rabat – The African Development Bank Group and the Eastern and Southern African Trade and Development Bank (TDB Group) have signed an agreement for a $150 million Trade Finance Unfunded Risk Participation Agreement (RPA) facility. The agreement was concluded on the sidelines of the African Investment Forum in Rabat, Morocco.

    The RPA aims at bolstering intra-Africa trade, promoting regional integration, and contributing to the reduction of the trade finance gap in Africa. The facility will provide guarantee cover of 50% and up to 75% for transactions in Low-Income Countries (LICs) and transition states. The facility is expected to support about $1.8 billion of trade over the next three years.

    TDB Group offers bespoke trade finance solutions such as import and export financing, structured commodity finance, pre- and post-shipment finance, issuance of LCs, guarantees and bonds, and supplier-focused working capital solutions. Beneficiaries of this facility are local and regional Issuing Banks in TDB Group’s member states, and African SMEs who rely on these Issuing Banks to fulfil their trade finance commitments.

    “TDB Group is delighted to strengthen its strategic partnership with the African Development Bank Group through tailored risk-sharing facilities aimed at scaling up trade finance. This crucial support will help bridge the significant gaps in trade finance access as major international banks continue retreating from the continent,” said Wegoki Mugeni, TDB Group Chief Operating Officer in Nairobi.

    The African Development Bank Director of the Financial Sector Development Department Attout Ahmed added: “We are delighted to work with TDB Group, a strong partner with extensive knowledge and network in Africa, on a shared ambition to support the region’s Trade.

    “Supporting Trade in Africa is a key priority at the African Development Bank. Trade finance is an important driver of economic growth and is critical for cross-border trade particularly in emerging markets.”

    TDB Group’s focus on critical economic sectors such as agriculture, infrastructure, energy, construction, and manufacturing align with the African Development Bank’s Ten-Year Strategy to promote trade and economic growth, and three of its High-5 strategic priorities of “feed Africa;” “Industrialize Africa” and “integrate Africa.”

    Related News

    Kwairanga reiterates NGX’s commitment to deepening Nigeria’s capital market

    African Union agency says Fitch’s downgrade of Afreximbank is ‘flawed’

    Indonesia eyes Nigeria for trade, investment expansion

    Comments are closed.

    E-book
    Resilience Exhibition

    Latest News

    Kwairanga reiterates NGX’s commitment to deepening Nigeria’s capital market

    June 9, 2025

    Shettima inaugurates power project in Borno university

    June 9, 2025

    Oando secures $375m Afreximbank loan to boost oil and gas expansion plan

    June 9, 2025

    California fuel imports hit 4-year high amid refinery outages

    June 9, 2025

    Oil prices steady ahead of US-China trade talks

    June 9, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.