DEMOCRATIC REPUBLIC OF CONGO - Access Bank DR Congo

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Project News Details

Title:

DEMOCRATIC REPUBLIC OF CONGO - Access Bank DR Congo

Detail:

The project consists of (i) an unconfirmed trade finance Transaction Guarantee (TG) of USD 7 million in favour of Access Bank DR Congo; and (ii) a technical assistance (TA) from the Affirmative Finance Action for Women in Africa (AFAWA). The TG will support the development of the trade finance activities of the subsidiary of Access Bank PLC Group in the Democratic Republic of Congo (DRC). The TG will enable the Bank to provide a guarantee of up to 100% to confirming banks (CBs) against non-payment risks arising from the confirmation of letters of credit and similar trade finance instruments issued by Access Bank DR Congo to Congolese SMEs and corporates. Climate finance is not attributed to this project.

Country:

Democratic Congo

Source:

African Development Bank Group

Published Date:

19.02.2024

URL:

View Original URL

Regions:

Africa Sub-Saharan Africa

Sectors:

Electricity Construction Computer Hardwares and Consumables

Project News Details

Title	DEMOCRATIC REPUBLIC OF CONGO - Access Bank DR Congo
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Detail	The project consists of (i) an unconfirmed trade finance Transaction Guarantee (TG) of USD 7 million in favour of Access Bank DR Congo; and (ii) a technical assistance (TA) from the Affirmative Finance Action for Women in Africa (AFAWA). The TG will support the development of the trade finance activities of the subsidiary of Access Bank PLC Group in the Democratic Republic of Congo (DRC). The TG will enable the Bank to provide a guarantee of up to 100% to confirming banks (CBs) against non-payment risks arising from the confirmation of letters of credit and similar trade finance instruments issued by Access Bank DR Congo to Congolese SMEs and corporates. Climate finance is not attributed to this project.
Country	Democratic Congo
Source	African Development Bank Group
Regions	Africa Sub-Saharan Africa
Sectors	Electricity Construction Computer Hardwares and Consumables
Published Date	19.02.2024
Original Url	Original Url
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Title
DEMOCRATIC REPUBLIC OF CONGO - Access Bank DR Congo
Detail
The project consists of (i) an unconfirmed trade finance Transaction Guarantee (TG) of USD 7 million in favour of Access Bank DR Congo; and (ii) a technical assistance (TA) from the Affirmative Finance Action for Women in Africa (AFAWA). The TG will support the development of the trade finance activities of the subsidiary of Access Bank PLC Group in the Democratic Republic of Congo (DRC). The TG will enable the Bank to provide a guarantee of up to 100% to confirming banks (CBs) against non-payment risks arising from the confirmation of letters of credit and similar trade finance instruments issued by Access Bank DR Congo to Congolese SMEs and corporates. Climate finance is not attributed to this project.
Country
Democratic Congo
Source
African Development Bank Group
Regions
Africa Sub-Saharan Africa
Sectors
Electricity Construction Computer Hardwares and Consumables
Published Date
19.02.2024
Original Url
View Original Url
Share

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DEMOCRATIC REPUBLIC OF CONGO - Access Bank DR Congo

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