Français
Investment for African Development
British International Investment (BII) and Citi have jointly launched a $100 million risk-sharing mechanism aimed at supporting trade finance in Africa, particularly in emerging and frontier markets across the continent.
Our Trade Finance Offer : Offer AML-CFT Trade Finance (1) (1)
Enhancing Food Security
The initiative aims to expedite the exchange of key agricultural commodities and promote the use of advanced machinery and methods in agriculture to bolster food security in the most vulnerable economies.
Addressing Financial Needs of African Enterprises
The agreement was signed during the World Bank Spring Meetings in Washington, underscoring the significance of Africa’s economic development on the global stage.
Commitment to Sustainable Development Goals
This investment contributes to achieving the UN Sustainable Development Goals, including poverty eradication, combating hunger, and promoting decent work and sustained economic growth in Africa.
Supporting Fragile Economies
British Minister of State for Development and Africa, Andrew Mitchell, emphasized BII’s commitment to supporting fragile economies across Africa by providing essential products such as fertilizers and agricultural machinery.
A Step towards Economic Growth
This risk-sharing mechanism leverages BII’s expertise in Africa since 1948 and Citi’s longstanding presence on the continent since opening its first office in 1920.
A Partnership for the Future
Together, these financial institutions are determined to deepen their relationships with over 200 local banks, enabling ambitious enterprises to access necessary funding in sometimes challenging markets.
Our Trade Finance Offer : Offer AML-CFT Trade Finance (1) (1)
Sources :
