By BUUMBA CHIMBULU African Export-Import Bank (Afreximbank) has commenced the review of more than US$2 billion worth of trade finance transaction for Zambian businesses.This came to light after the recent visit of Afreximbank president Benedict Oramah with his delegation to Zambia, who among others met with President Hakainde Hichilema, financial institutions, corporate and some critical State Owned Enterprises (SOEs) that could potentially benefit from the Bank’s programme and facilities.In giving highlights of what was discussed, Afreximbank regional chief operating officer in charge of Southern Africa Humphrey Nwugo indicated that the Bank was exploring opportunities to provide financing and other forms of support to eligible borrowers in Zambia as part of the broader support to the country.He therefore, stated that president Oramah made know to the Head of State on the need to setup a battery manufacturing facility with the Democratic Republic of Congo (DRC), both of which countries contribute close to 80 per cent of […]
Zambia records over $2bn trade finance
