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BII and Standard Chartered to bolster East African trade with US$100mn facility
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BII and Standard Chartered to bolster East African trade with US$100mn facility
Standard Chartered has agreed a US$100mn facility with British International Investment (BII) to extend trade finance across key sectors of the East African economy, with a focus on economic empowerment for women. Through the facility, Standard Chartered will extend trade and working capital finance to companies in Kenya and Tanzania, supported by a risk participation agreement with BII, the UK’s development finance institution. The two instit…
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