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The African Export-Import Bank (Afreximbank) has signed a US$100 million facility agreement with NBS Bank Plc Malawi (NBS Bank) under the Afreximbank Trade Facilitation Programme (AFTRAF) to support the bank’s growing trade finance portfolio and enable it to meet the increasing needs of its clients.
The agreement was signed on the sidelines of the recently concluded Intra-African Trade Fair 2025 (IATF2025) by Mr. Haytham El Maayergi, Executive Vice President, Global Trade Bank, Afreximbank, and Mrs. Temwani Simwaka, Chief Executive Officer of NBS Bank.
The facility is structured to assist NBS Bank in increasing its trade volumes and supporting the importation of essential commodities such as fertiliser, medicines, and fuel into Malawi.
Speaking during the signing, El Maayergi, said the facility demonstrates Afreximbank’s commitment to supporting indigenous African businesses and financial institutions to meet national trade needs.
“This US$100 million facility is among the largest limits for AFTRAF for a bank in Malawi,” he said, adding, “It demonstrates Afreximbank’s commitment to supporting Malawi’s trade aspirations as one of its member states.
He expressed confidence that the facility would enable NBS Bank to support the growing trade needs of its customers, particularly in strategic commodities such as fuel, fertiliser, and pharmaceuticals, while providing the bank with a confirmation line from within Africa.
El Maayergi noted that the facility aligned with Afreximbank’s mandate to support intra- and extra-African trade.
The AFTRAF programme enhances the confidence of counterparties in settling international trade transactions, improves correspondent banking relationships, and supports critical imports into Africa. It also facilitates the purchase of equipment for the production of export goods and provides trade confirmation services, trade confirmation guarantees, and irrevocable reimbursement undertakings.
The continental trade fair concluded on a high note, with US$48.3 billion in trade and investment deals reportedly signed over the seven days of the exposition.
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