• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Wednesday, June 25, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

AfDB approves $50m risk agreement for French bank

AfDB

The Matters Press by The Matters Press
October 16, 2022
Reading Time: 2 mins read
0
Nigeria gets AfDB’s $14m as member of ATI

AfDB

The Board of Directors of the African Development Bank (AfDB) Group has approved a 50-million-dollar Risk Participation Agreement (RPA) for Natixis, a French Bank.

RELATED POSTS

Tinubu’s new INEC building: A consolidation of democratic institutions, legacy in Nigeria – TDF

Nigerian Army kills 6,260 terrorists, rescues 5,365 civilians in 2 years

ECOWAS, Sahel states in deal to confront terrorism

This is contained in a statement by Fahd Belbachir, Senior Communications and External Relations Officer for North Africa, AfDB.

The agreement would enable Natixis to support African banks and their small and medium-sized enterprise (SME) clients to undertake more regional and international trade.

Also, the agreement was expected to help achieve a cumulative trade volume of 430 million dollars over the next three years.

Mohamed El Azizi, Director-General, AfDB, North Africa said the bank was strengthening the relationship among the different stakeholders in the African banking system.

“With this new operation, we are strengthening the trusting relationship between the various players in the African banking system in order to accelerate the development of trade.

“This is another step toward the realisation of the African Continental Free Trade Area which will unleash the full growth potential of the continent and create new opportunities and jobs.”

Also, Stefan Nalletamby, Director, AfDB’s Financial Sector Development Department said the bank’s ambition was to help more local banks and their SMEs expanded to new African countries.

“This new operation, the second of its kind with Natixis, and with broader geographic coverage, will help catalyse greater intra-African trade flows over the next three years.

“The ambition is to help more local banks and their SME clients to expand into new African countries, particularly those with low incomes

“The aim is to facilitate their access to financing and help them unleash their potential. This is in the service of greater regional integration.”

According to the statement, the risk-sharing agreement is intended to meet the growing demand from African markets for trade finance in vital economic sectors ­such as agribusiness, energy, manufacturing, health, and services.

It would also help diversify production, creating jobs and additional tax revenues for several African countries.

Furthermore, the agreement would support African commercial banks and SMEs to ensure stable access to trade finance.

Also, RPA aligned with the AfDB’s High five strategic priorities.

Tags: AfDB
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

79 candidates for presidential election
News

Tinubu’s new INEC building: A consolidation of democratic institutions, legacy in Nigeria – TDF

June 23, 2025
Gombe: Troops take over to enforce peace
News

Nigerian Army kills 6,260 terrorists, rescues 5,365 civilians in 2 years

June 20, 2025
ECOWAS, Sahel states in deal to  confront terrorism
Foreign

ECOWAS, Sahel states in deal to confront terrorism

June 20, 2025
Tinubu denies manipulating NASS
Economy/Technology

Tinubu’s decision to press ahead with ongoing reforms, commendable-TMSG

June 20, 2025
Buhari urges Nigerians to maintain peace as he promises free, fair polls
Economy/Technology

TDF extols Buhari for supporting Tinubu’s reforms

June 19, 2025
Nigerians to own brand new vehicles, goods through new credit scheme initiative
News

Tinubu’s mid-term scorecard, a glimpse of coming dividends – TMSG

June 19, 2025
Next Post
El-Rufai makes progress in education, others

Kaduna State attracts $4.48bn investments in 7 years – El-Rufai

Edo unveils plans for investment desks

Kaduna now investment destination of choice in Nigeria – Buhari

Recommended Stories

Kano state’s gold souk to be completed 2022

China’s benchmark interbank gold prices higher

March 21, 2022
Economists Challenge IMF on call for further VAT increase in Nigeria

IMF supports Nigeria’s foreign exchange reforms

June 17, 2023
Nigeria gets AfDB’s $14m as member of ATI

The Gambia, AfDB Group boosts rice output, uplift women entrepreneurs

October 4, 2023

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Tinubu’s new INEC building: A consolidation of democratic institutions, legacy in Nigeria – TDF
  • Nigerian Army kills 6,260 terrorists, rescues 5,365 civilians in 2 years
  • ECOWAS, Sahel states in deal to confront terrorism

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us