Extending Export Credit Line to Afreximbank
Supporting Japanese Companies Export Businesses to Africa

  • Area: Africa
  • Machinery and Equipment

JBIC signed a loan agreement with the African Export Import Bank (Afreximbank) for extending an export credit line. It intended to provide loans for local companies in Africa to purchase machinery, equipment and services from Japanese companies. In recent years, African countries have achieved remarkable economic development, as the result, the demand for development of infrastructure and consumer markets is growing. It is hoped that this loan will help sustainable growth in this region and contribute to the expansion of Japanese business activities in Africa.

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