Tag Archive for 'trade'

African Development Bank and Commerzbank sign for $100m trade finance

The African Development Bank has signed a USD 100 million agreement with Germany-based Commerzbank AG in which the banks will share the default risk on a portfolio of eligible trade transactions originated by African issuing banks and confirmed by Commerzbank.

Aureos private equity backs UK’s Trade out of Poverty initiative

Private equity fund management Aureos Capital has become a founding partner of an emerging markets trade initiative called “Trade Out of Poverty”.