The African Development Bank Group grants €40m to AFG Bank for trade finance
Cameroon, Oct. 21 -- Cameroonian businesses, particularly small and medium-sized enterprises (SMEs), will enjoy improved access to trade finance through a €40 million facility from the African Development Bank Group to AFG Bank Cameroon. The financing will help businesses, particularly those owned by women and young people, to strengthen local production capacity, grow trade and create jobs.The facility, approved by the Bank Group's Board of Directors on 21 October 2026, comprises two instruments: a trade finance credit line of up to €30 million over 3.5 years with a three-year grace period, and a transaction guarantee facility of €10 million over five years to support AFG Bank's trade finance activities.Through this finan...
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