Afreximbank and Ecobank agree on African Trade and Investment Promotion

African Export-Import Bank (Afreximbank) and Ecobank Transnational Inc have signed memorandum of understanding (MOU) to promote joint corporate objectives, Reuters reports.

The MOU shows that Afreximbank and Ecobank will design joint innovative and tailor-made financial instruments and solutions

The initiatives envisaged include creation of $500 million programme dedicated to financing trade among afreximbank member countries where Ecobank conducts business