São Tomé and Príncipe joins the agreement to establish the Afreximbank Fund for Export Development in Africa (FEDA)

The Fund for Export Development in Africa (FEDA), the development impact arm of the African Export-Import Bank (Afreximbank), has announced that the Democratic Republic of São Tomé and Príncipe has become the latest country to sign the FEDA Establishment Agreement.

The accession to the agreement, under the leadership of Prime Minister Patrice Trovoada of São Tomé and Príncipe, demonstrates the country’s support for Afreximbank’s efforts to broaden the effectiveness of FEDA by mobilising its member states to sign and ratify the FEDA Establishment Agreement and to support the organisation. impact investment objectives.

The new memberships broaden the scope of FEDA’s interventions and reinforce the Fund’s dedication to its mission of providing long-term capital to African economies with a focus on industrialisation, intra-African trade and value-added exports.