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UBA UK and BII explore partnership to boost African trade finance for SMEs.
United Bank for Africa (UBA) UK and British International Investment (BII) have signed a letter of intent to explore a trade finance partnership aimed at closing Africa’s $80 billion annual trade finance gap.
The collaboration seeks to expand access to working capital and trade financing, particularly for small and medium-sized enterprises, by leveraging UBA’s pan-African network and BII’s support for high-impact, non-commercial transactions.
The initiative supports inclusive, sustainable economic growth and aligns with the African Continental Free Trade Area (AfCFTA).
Final implementation depends on due diligence and internal approvals.
UBA UK y BII exploran la asociación para impulsar el financiamiento del comercio africano para las PYME.