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.
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▪ 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.
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