Row rect Shape Decorative svg added to bottom 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 Strengthening sustainable mining success Absa Corporate and Investment Banking has supported Tharisa Minerals (Pty) Ltd in advancing its next phase of growth through a multi-currency Platinum Group Metals (PGM) offtake-based Prepayment Facility. Read more DEALS At the forefront of scaling energy progress Absa Corporate and Investment Banking acted as Joint Mandated Lead Arranger, Senior Lender and Hedge Provider on the R3.4 billion financing of Mulilo Energy Holdings’ 219MW Orkney solar PV project. Read more DEALS Harnessing Partnerships to Power Energy at Scale Absa Corporate and Investment Banking acted as Joint Mandated Lead Arranger, Senior Lender and Hedge Provider on the ZAR 8.4 billion financing of SOLA Group’s 300 MW Naos solar PV project, incorporating 660 MWh of battery storage. Read more
