Source:
Afreximbank |
Afreximbank issues the first-ever multi-border transit bond in Zambia under the Afreximbank African Collaborative Transit Guarantee Scheme (AATGS)
The US$1 billion Collaborative Guarantee Scheme is expected to accelerate cross-border trade in Africa and save the continent about US$300 million annually in transit costs
Afreximbank (www.Afreximbank.com) announces the historic issuance of the first-ever multi-border transit bond. The US$10 million transit bond issued in favour of Innovate General Insurance (IGI) of Zambia is expected to provide counter guarantees and boost IGI’s capacity to issue bonds to Clearing and Forwarding Agents in Zambia. The Afreximbank African Collaborative Transit…
