Abu Dhabi Exports Office signs deal to boost UAE exports to West Africa – The National
- Date: 28-Jun-2022
- Source: The National
- Sector:Financial Services
- Country:UAE
Abu Dhabi Exports Office signs deal to boost UAE exports to West Africa – The National
The Abu Dhabi Exports Office (Adex), the export-financing arm of the Abu Dhabi Fund for Development, has signed a trade finance agreement with the Ecowas Bank for Investment and Development (EBID) to bolster trade between the UAE and the lender’s member states in West Africa.
Under the agreement, a line of credit of $20 million will be opened between the two entities, leading to an increase in the volume of trade between the UAE and Ecowas member states, the entities said in a joint statement on Tuesday.
Adex also aims to establish additional credit lines and boost joint financing to promote Emirati exports in the African market.
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