China Devt Bank, Afreximbank sign $500m trade infrastructure pact

The China Development Bank (CDB) and African Export-Import Bank (Afreximbank) have signed an agreement on a $500 million facility to be provided Afreximbank for the purposes of supporting trade enabling infrastructure projects in Africa. The facility, which has a 10-year tenor, will also be used to enable the African trade finance bank support trade finance […]