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flag UBA UK and BII explore partnership to boost African trade finance for SMEs.

flag 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. flag 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. flag The initiative supports inclusive, sustainable economic growth and aligns with the African Continental Free Trade Area (AfCFTA). flag Final implementation depends on due diligence and internal approvals.

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