DEALS Sustainably closing Africa’s trade finance gap Absa | Corporate and Investment Banking > Insights and Events > Sustainably closing Africa’s trade finance gap SHARE With the $150 million loan successfully secured by Absa from the British International Investment (BII) PLC, Africa takes a prominent step towards closing an economic divide. Driven by our commitment to support our clients’ growth ambitions, we have partnered with BII to advance the efforts of the African Continental Free Trade Area (AfCFTA) agreement. This loan will not only enable us to play a leading role in closing Africa’s trade finance gap but extend liquidity to clients across geographic and trade product sets. By ring-fencing these funds towards sustainable business investments, such as youth and women-owned SMEs, we will drive local and global access to markets. Contact Mosa Tshabalala to find out more information https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles DEALS Energising Progress with Africa’s Largest Standalone Battery Facility We are proud to have played a pivotal role in one of Africa’s most significant energy milestones: the Red Sands Battery Energy Storage Project which is set to become the continent’s largest standalone battery energy storage facility to date to move towards construction. Read more DEALS Supporting expansion in SA’s healthcare property market Absa CIB partners with Growthpoint Healthcare Property Holdings on a R950 million facility to finance healthcare infrastructure. Read more DEALS Connecting African Growth with Global Capital Absa Corporate and Investment Banking supported Ecobank Transnational Inc.’s (ETI) landmark $125 million Eurobond Tap - the first African financial institution issuance in international markets following the tariff-related US market disruption. Read more
