Adex, TDB sign $30m deal to bolster UAE-Africa trade

Adex, TDB sign $30m deal to bolster UAE-Africa trade
ABU DHABI, 4 hours, 7 minutes
ago
Abu Dhabi Exports Office (Adex), the export-financing arm of Abu Dhabi Fund for Development (ADFD), has signed a $30 million line-of-credit agreement with the Eastern and Southern African Trade and Development Bank (TDB) to bolster trade between the UAE and the bank’s member states.
The partnership is the first of its kind to be signed by Adex with a foreign financial institution.
The trade finance facility agreement was signed during a virtual ceremony by Saeed Al Dhaheri, Acting Director General of Adex, and Admassu Tadesse, TDB Group Managing Director and CEO.

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