[vc_row][vc_column][vc_single_image image=”446″ img_size=”full”][vc_column_text]The African Development Bank (AfDB) has approved a trade finance facility of US$150 million to support Absa Group, a South African lender, in expanding its social and sustainable financing efforts. Additionally, the AfDB has agreed to provide about US$90 million in sustainability-linked loans and invest US$53.8 million in Absa’s inaugural social bond issuance. The trade finance facility aims to enhance access to funding for businesses, enhance trade facilitation in low-income nations, and promote intra-Africa trade, as stated by the AfDB.[/vc_column_text][vc_btn title=”Read More” style=”custom” custom_background=”#4f3a8d” custom_text=”#ffffff” link=”url:https%3A%2F%2Fwww.gtreview.com%2Fnews%2Fafrica%2Fabsa-and-afdb-agree-us150mn-trade-finance-facility%2F|target:_blank”][porto_share][/vc_column][/vc_row]
