in Short

Trade : $100 Million agreement between BII and Citi

British International Investment (BII) has signed a $100 million risk-sharing agreement with Citi to support trade for SMEs and large companies in Africa. This aims to address financing gaps, especially for key imports like agricultural products, in countries such as Benin, Cameroon, and Tanzania. This investment addresses critical liquidity needs amid the pandemic and the war in Ukraine, bolstering food security and contributing to sustainable development goals.

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