CDC Group commits additional US$100M to existing trade facility with SMBC Bank

AFRICA – CDC Group, the UK’s development finance institution and impact investor, has announced a US$100 million additional commitment to its existing trade risk sharing facility with SMBC Bank International (SMBC BI). The new commitment builds on an existing US$100 million trade finance facility with SMBC BI, enhancing CDC’s total trade commitment with the bank to US$200 million. It marks a significant increase in the bank’s capacity to support trade in CDC’s markets across Africa. This financing will help accelerate the economic recovery from the COVID-19 pandemic. The new facility…

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