Afreximbank partners Gateway to launch fund that will improve product offering

AFRICA – The African Export-Import Bank (Afreximbank) announced that its development impact-oriented subsidiary, the Fund for Export Development in Africa (FEDA), has entered into a Joint Venture arrangement with Gateway Partners (Gateway) to co-establish the Africa Credit Opportunities Fund (ACOF). This partnership is a first of its kind between an African Development Finance Institution and an alternative investment manager. The fund intends to broaden and strengthen Afreximbank’s support for the continent, by enhancing the Bank’s scope of intervention beyond its traditional trade finance products. “We are pleased to partner with…

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