British International Investment partners with Access Bank Plc to develop trade finance
British International Investment (BII), the UK’s Development Finance Institution (DFI) and impact investor, has announced a US$60m trade finance facility for Access Bank Plc in Nigeria and five of its pan-African subsidiaries. This will strengthen import and export capabilities amongst local businesses and plug the foreign currency supply gap. The programme deepens BII’s commitment to bolstering financing environments in fragile economies and supports Access Bank’s strategy to enable continental trade. BII estimates the loan programme will stimulate African trade volumes by US$90m.
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Posted on Oct 4, 2023 Region: Africa
trade finance, supply chain finance British International Investment, Access Bank
