African Development Bank Approves $20 Million Trade Finance Guarantee to Boost SMEs in Zambia
Zambia, May 25 -- The Board of Directors of the African Development Bank has approved a $20 million Trade Finance Transaction Guarantee for Access Bank Zambia Limited, a move that will significantly expand access to trade finance for small and medium enterprises (SMEs) across Zambia.This marks the first transaction between the African Development Bank and Access Bank Zambia, and forms part of the Bank's broader Trade Finance Program. Since 2013, the program has supported over $13.8 billion in trade volumes across 129 financial institutions throughout the continent.The facility is expected to support up to $240 million in trade volumes over its five-year life, benefiting Zambian businesses that have long struggled to participate meaningfully...
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