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Monday, 29 August 2016

Afreximbank allocates a total of USD 5 mn in trade finance to Egyptian manufacturers

The African Export–Import Bank (Afreximbank) is considering providing up to a total of USD 5 mn in trade finance to Egyptian manufacturers, Chairman Benedict Oramah told Al Ahram. The line of credit provided will be the first agreement of the kind that Afreximbank approve for Egyptian companies since 2012. It is not clear if the trade finance facilities will just be restricted to companies trading with African counterparts or will include other international players as well.

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