Wegagen Bank secures $85 million international trade finance guarantee facility

Wegagen Bank has secured an international trade finance guarantee facility worth $85 million through agreements with the Eastern and Southern African Trade and Development Bank (TDB) and the African Export-Import Bank (Afreximbank).

This agreement strengthens Wegagen Bank’s strategic partnerships with global financial institutions and enhances its capacity to provide Letter of Credit (L/C) confirmations. It also expands the Bank’s ability to offer guarantees for various documentary services related to imports and exports. As a result, Wegagen Bank is better positioned to deliver accessible, reliable, and efficient trade finance solutions to a broader range of clients.

Additionally, the trade finance guarantee agreement reflects Wegagen Bank’s longstanding and collaborative relationships with reputable international banks. This partnership also enables Wegagen Bank to expand its network with more global financial institutions, solidifying its presence in the international trade finance landscape.

_{Images are for reference only.Images and contents gathered automatic from google or 3rd party sources.All rights on the images and contents are with their legal original owners.}