CDC Group further extends financing for Absa

CDC Group further extends financing for Absa

The British development agency is lending $50m to the commercial bank, which a year ago became one preferential intermediary to address the trade finance gap in Africa.

Someone shares this article with you
            ▪ CDC Group further extends financing for Absa

▪ The British development agency is lending $50m to the commercial bank, which a year ago became one preferential intermediary to address the trade finance gap in Africa.

https://www.africabusinessplus.com/en/805377/cdc-group-further-extends-financing-for-absa/

The development institution has agreed a two-year revolving loan, primarily to deepen its support for value chains in key sectors such as agribusiness and health, which CDC claims have been hit hard by the Covid-19 pandemic and the resulting decline in trade flows.

This article is for subscribers only. To read more, subscribe with a special offer.

You are connected to your Jeune Afrique account but your Africa Business+ subscription does not allow you to consult the English version. To update your subscription, contact us by clicking here.

Recommended articles

Office Accommodation

01/07/2022 at 12h17, by Africa Business+

Absa secures record funding for housing programmes in South Africa

The South African bank was awarded the first ESG-certified social financing worth €120 million, denominated...

Development Bank

18/03/2021 at 17h48, by Africa Business+, updated 22/03/2021

CDC reinforces its Africa team under Tenbite Ermias

The former McKinsey partner will pilot the CDC Group’s operations from Nairobi. CDC has expanded its...

Development Bank

19/01/2021 at 16h38, by Valentin Grille

CDC renews its confidence in Trade and Development Bank

The regional multilateral specialist bank will benefit from a fourth guarantee from the UK’s development,...

Bank

24/11/2020 at 17h03, by Africa Business+

Absa Bank secures new IFC financing ($150m)

This new funding is earmarked for the group’s green finance activities, which have been widely supported...

Bank

08/10/2020 at 12h57, by Africa Business+, updated 13/10/2020

CDC Group reiterates its interest for Nigeria with NSIA

The publicly owned British development investor has signed a partnership protocol with the Nigerian...

Mines

19/08/2020 at 15h06, by Africa Business+, updated 24/08/2020

Inside Tembo Capital, the insatiable investment firm led by Actis and CDC alumni

The firm, which focuses on mining in Africa and emerging markets, has just launched its third fund with...

Any questions ? contact us

Please get in touch with the Africa Business+ team if you require any further information.

Email us : customer.care@africabusinessplus.com

Add AB+ to your home screen

1. Click on + at the bottom of your screen.

2. Click on + to add AB+ on the home screen.

3. Enter the name of the shortcut and confirm.