Afreximbank backs ATDC with US$500m trade facility

The African Export-Import Bank (Afreximbank) has signed a US$500 million global credit facility with the Africa Trading and Distribution Company (ATDC) to finance the purchase, movement and distribution of goods across African and global markets.

For Zimbabwe, where ATDC has initial operations, the facility will finance the sourcing and aggregation of goods and the logistics needed to move them through regional and wider African markets, potentially improving market access for producers and strengthening supply chains.

ATDC is a pan-African trading and distribution platform established to expand Africa’s trade, accelerate industrialisation through local value addition and strengthen economic integration.

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