In a significant move to bolster its support for local small and medium-sized enterprises (SMEs), the Nigerian United Bank for Africa (UBA) has inked a trade finance agreement worth $150 million with the African Export-Import Bank (Afreximbank). The agreement was formalized on November 11 during the third Intra-African Trade Fair (IATF2023) hosted by Afreximbank from November 9 to 15 in Egypt.

For more information, please see https://www.ecofinagency.com/finance/1711-45056-uba-obtains-150mln-loan-to-boost-local-smes-trade-activities