GHIB and BII announce $50m partnership to boost cross-border trade across Africa’s frontier economies - British International Investment

Ghana International Bank (GHIB) and British International Investment (BII) announced a $50 million trade finance facility to support businesses in Sierra Leone, Liberia, The Gambia, Benin, Democratic Republic of Congo, Rwanda, and Tanzania. This partnership aims to address the trade finance gap in Africa’s frontier economies by enabling local businesses to import essential commodities and equipment. The collaboration leverages GHIB’s extensive network and BII’s financial capacity to provide foreign exchange liquidity, crucial for importing key goods. The initiative is expected to enhance economic opportunities and sustain business growth in these regions.