SA Closer to Full Membership of Africa’s Biggest Trade Bank

SA closer to full membership of Africa’s biggest trade bank

Afreximbank’s balance sheet of $35bn would open Africa’s most advanced economy to new trade

SA gets closer to full membership of biggest African trade bank

By Reuters South Africa moved closer to becoming a full sovereign member of the Africa Export-Import Bank, the continent’s leading provider of trade finance, after the cabinet gave its approval to the plan, the government said on Thursday. Membership of Afreximbank, as the lender with a balance sheet of $35 billion is known, would give Africa’s most advanced economy access to new trade investment products when its tariff row with the United Stat…

South Africa gets closer to full membership of biggest African trade bank

Membership of Afreximbank, as the lender with a balance sheet of $35 billion is known, would give Africa's most advanced economy access to new trade investment products when its tariff row with the United States has increased its need for new export markets