Mozambique: African Development Bank Group approves $20 million facility to support SMEs

The African Development Bank Group has approved a $20 million Trade Finance Transaction Guarantee facility for Banco Comercial e de Investimentos S.A. (BCI), Mozambique’s leading commercial bank, to expand access to trade finance for small and medium-sized enterprises (SMEs). The three-year facility will provide up to 100% guarantee coverage to international confirming banks for trade… Source


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