MCB announces a $1 billion envelope to support African trade and the continent’s economic transformation

 MCB is pleased to announce the launch of a dedicated $1 billion envelope aimed at supporting trade in Africa and strengthening the Group’s long-standing commitment to the continent’s economic development.

This announcement follows a series of tangible  actions in support of MCB Group’s African ambitions, notably the signing, a few weeks ago, of a Letter of Intent with Proparco and African partner banks under the Africa AgriTrade Coalition, as well as the participation of  Thierry Hebraud, CEO of MCB Ltd in the latest Africa CEO Forum held in Rwanda in mid-May.

This dedicated envelope reinforces MCB’s proactive approach to mobilising trade finance solutions and supporting sustainable economic activity across the continent.

This announcement also coincides with the commemoration of Africa Day, celebrated worldwide on Monday, 25^th May.

The $1 billion envelope, dedicated to trade finance, will cover both funded facilities and unfunded Trade Finance instruments (confirmation of letters of credit, issuance of Trade Finance instruments such as letters of credit, avalised bills of exchange, and guarantees) over a four-year period.

It is intended to support economic transformation in Africa by offering tailored solutions and competitive access to trade finance, without perceived risk premiums.

This initiative will help boost African trade corridors and support clients in their value creation journeys across the continent. It also reflects MCB’s ambition to play a leading role in strengthening and integrating regional value chains, with a focus on intra-African trade in line with the objectives of the African Continental Free Trade Area.

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