| Exim Bank Tanzania CEO, Jaffari Matundu (centre), highlights the USD 10 million Trade Finance Guarantee Facility approved by the African Development Bank to boost SME and corporate trade growth. |
Dar es Salaam, October 23, 2025 – In a major boost to Tanzania’s trade and economic growth, Exim Bank Tanzania has received approval for a USD 10 million Trade Finance Transaction Guarantee Facility from the African Development Bank (AfDB).
The facility aims to strengthen Exim Bank’s capacity to support Small and Medium-sized Enterprises (SMEs) and corporates by enhancing access to trade finance solutions and promoting cross-border trade.
Under this arrangement, the AfDB will provide up to 100% guarantees to confirming banks against non-payment risks associated with Letters of Credit and other trade instruments issued by Exim Bank Tanzania. This will increase the availability of import and export financing for Tanzanian businesses, enabling them to compete more effectively in regional and global markets...SOMA ZAIDI
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