Absa Closes Significant Trade Finance Facility with BII
Absa has successfully secured a $150 million facility from British International Investment (BII) PLC as part of its mission to help close the trade finance gap in Africa. BII (formerly known as CDC) is a UK-based Development Finance Institution (DFI) focused on investing patient capital to foster productive, sustainable, and inclusive economies. Absa, as the borrower in this transaction, will utilise the funds to support this objective, with a specific focus on the African continent.
Names from left to right are:
Nick O’Donohoe, CEO, BII
Anneliese Dodds, UK Minister for Development
Charles Russon, Interim Group CEO, Absa Group
“Our unyielding commitment to the success of the continent continues to drive us to find solutions to serve our customers in a meaningful and ...