Ethiopia: IFC and Wegagen Bank launch $10 million trade finance facility 

On April 9, 2026, the International Finance Corporation and Wegagen Bank signed an agreement to establish a $10 million trade finance guarantee facility. Part of IFC’s Global Trade Finance Program, the initiative aims to support Ethiopian businesses involved in import-export activities. According to official World Bank data, limited access to trade finance remains a key constraint for SMEs in Sub-Saharan Africa, restricting their participation in global value chains.