Djibouti, July 15 -- The African Development Bank signed a US$10.75 million Trade Finance Transaction Guarantee Facility with Intercontinental Investment Bank (iib East Africa), based in Djibouti. Signed on 23 June 2026, the strategic facility will enable iib East Africa to expand its trade finance services for small and medium-sized enterprises (SMEs) and women-owned businesses.The Bank's operation will support Djibouti's economy by facilitating imports of equipment for the renewable energy, manufacturing and telecommunications sectors, as well as essential goods to meet short-term domestic demand. Alex Mubiru, Director General for the East Africa Region at the African Development Bank Group, noted that the operation is aligned with the in...