African Development Bank (AfDB) and Banque Centrale Populaire (BCP)sign $70million Trade Finance Agreement.

The African Development Bank (AfDB) and Banque Centrale Populaire (BCP) have agreed on a $70 million risk-sharing agreement (RSA) to provide trade financing for the private sector across Africa.

This agreement will address the urgent trade financing needs for small and medium-sized enterprises (SMEs) across the continent by limiting the risk to local banks, enabling them to provide more funding and improve economic activities.

This new agreement aligns with BCP's goal to provide trade finance across Africa and to build strong relationships with local African banks to enhance and facilitate foreign trade finance opportunities.