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 Economic growth that supports local communities We are pleased to have acted as a Joint Mandated Lead Arranger, Coordinator, Account Bank, Facility Agent and Security Agent for a USD 80m Borrowing Base Facility to Volcafe, the coffee division of the global ED&F Man Group, to finance their East Africa coffee operations. Read more DEALS Supporting Sustainable Commercial Property Finance Solutions We are pleased to have acted as Lender and Sustainability Coordinator for Vukile Property Fund Limited’s R1.1 Billion green and sustainability-linked loans. Read more DEALS Supporting Growth in Global Fashion Retailing We are pleased to have acted as Joint Mandated Lead Arranger and original lender for TFG Brands (London) Limited’s £90m revolving credit facility. Read more
