A collaboration between the Bank of Africa, Tanzania and the Africa Development Bank(AFDB) has come to light after the two banks sanctioned a $7.5 million deal to drive trade related activities in the African Region.
The AFDB under this signing will provide support to intra-Africa trades through financial instruments like letters of credit.The partnership will support small and medium-sized enterprises (SMEs) within the import sector. While the deal will enable regional integration, it will also support Tanzania’s own country programs.
