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Cameroon: African Development Bank Group approves €25 million trade finance facility to enable Crédit Communautaire d'Afrique-Bank expand support to Small and Medium-Sized Enterprises (SMEs)
The facility, approved at a Board session held on 1 December in Abidjan, will be deployed as a Transaction Guarantee, a Bank Group product that provides risk cover to eligible African banks for their trade finance transactions
The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved financing of €25 million to help Cameroon’s Crédit Communautaire d'Afrique-Bank (CCA-Bank) expand its trade finance offerings to small and medium-sized enterprises (SMEs) and other businesses. The facility, approved at a Board session held on 1 December in…