AfDB strengthens Banco Fomento de Angola’s trade finance

AfDB strengthens Banco Fomento de Angola’s trade finance

The pan-African institution will provide funds for trade finance to Angola’s second-largest bank, which recently was indirectly nationalised.

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            ▪ AfDB strengthens Banco Fomento de Angola’s trade finance

▪ The pan-African institution will provide funds for trade finance to Angola’s second-largest bank, which recently was indirectly nationalised.

https://www.africabusinessplus.com/en/814283/afdb-strengthens-banco-fomento-de-angolas-trade-finance/

The African Development Bank (AfDB) will issue a $10 million Trade Finance Transaction Guarantee to Banco Fomento de Angola SA (BFA), Angola’s second-largest bank.

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