The International Finance Corporation and the BMCE Bank International UK announced plans on September 1 to promote transnational trading in Africa.

According to the organizations’ joint press statement, both parties agreed to establish a “risk-sharing mechanism” with the participation of the AU’s Ministry of Foreign Affairs. Through the agreement, the partners are looking to increase financing to African importers and exporters.

For more information, please see https://www.moroccoworldnews.com/2021/09/344225/ifc-bmce-bank-uk-team-up-to-promote-african-transnational-trade