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 Breaking new ground for meaningful impact through mining Absa’s balance sheet commitment will ensure Gamsberg Mine is ranked among the top five zinc-producing mines globally and will help BMM create jobs and improve economic activity in the region. We are invested in your story and invite you to write it with us. Read more DEALS A shining example of Africa’s contribution to global critical minerals Unfolding a landmark critical minerals transaction with Kamoa Copper, is a story we are proud of. That’s how we are invested in your story. Read more DEALS Advancing Africa’s telecommunications story We are pleased to have acted as Sole Financial Advisor on the landmark sale of MTN Guinea-Bissau to Telecel Group Mobile. Read more
