African Development Bank Approves $75 Million Risk Participation Agreement Facility for FirstRand Bank Limited to Enhance Trade Financing on the African Continent

The Board of Directors of the African Development Bank Group (https://www.AfDB.org/) on Wednesday, 12 October approved an unfunded $75 million trade finance Risk Participation Agreement facility for FirstRand Bank Limited (FRB). The approved facility will enhance FRB’s ability to underwrite trade finance transactions originating from issuing banks in several countries, including transition…