AfDB approves US$7.5m guarantee facility for CABS
…Boost for SMEs
BUSINESS REPORTER The African Development Bank Group (AfDB) has approved a US$7.5m trade guarantee facility for CABS which cushions international banks against the non-payment risk arising from the confirmation of letters of credit and similar trade finance instruments originated by the mortgage lender on behalf of its clients The facility, which provides guarantees of up…
