Unlocking Africa's Trade Potential Absa | Corporate and Investment Banking > Insights and Events > Unlocking Africa’s Trade Potential SHARE We are proud to announce our partnership with British International Investment, a collaborative effort aimed at addressing Africa's significant trade finance gap. By providing essential funding to African banks, this initiative is helping small and medium-sized enterprises (SMEs)—many led by women and youth—compete and thrive in the marketplace. With a commitment of $150 million, our partnership seeks to close the estimated $100-120 billion trade finance gap across the continent. This initiative not only supports the advancement of the African Continental Free Trade Area (ACFTA) but also fosters a more resilient and sustainable economy for all. As a recognised 2X investment company, we are dedicated to promoting gender equality, inclusive leadership, and social impact within our workplace and beyond. We would also like to extend our special thanks to FI Trade Sales, TWC Legal, and FI Trade Product for their invaluable contributions to this partnership. Together, we continue to build a future filled with opportunity, inclusion, and lasting impact for generations to come. Connect with us and find out more about our solution Contact Mosa Tshabalala for more information Contact Carmel Kistasamy for more information That's how we are invested in your story. Your story matters. Absa. https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles DEALS Powering a sustainable future with Ferroglobe At Absa CIB, we believe that financing critical mineral supply is essential for advancing the Just Energy Transition. Our partnership with Ferroglobe supports the expansion of silicon metal production, which is key to semiconductor chips and solar panels, driving economic growth, job creation and Africa’s role in the renewable energy value chain. Read more DEALS Propelling South Africa’s Just Energy Transition Our landmark project financing contribution towards an R8.8 billion transaction with Red Rocket South Africa (Pty) Ltd reinforces our position as a market leader in renewable energy financing. Read more DEALS Building a more robust green energy landscape South Africa’s green energy sector is poised for significant transformation, with vast untapped investment potential. Our R1.45 billion deal with G7 Renewable Energies and Cennergi Holdings marks a monumental sustainability partnership, highlighting the critical role of finance as a catalyst for advancing renewable energy projects. Read more
