South Africa this week became the 54 th member of the African Export-Import Bank Afreximbank, unlocking access to a new 8bn country programme to boost trade and industrialisation.
The move gives Afreximbank full continental coverage for the first time and entitles South Africa to a seat on the board.
The 8bn financial support package comes at a good time for South Africa, which is currently battling trade headwinds, particularly with the US, one of its top trade partners. It also offers a new funding stream close to home at a time of fragmented global co-operation.
