Afreximbank launches trade company to promote large scale trade in value added goods
- Afreximbank launched the African Trade and Distribution Company (ATDC) to expand trade across Africa.
- The bank pledged $1 billion in funding to support the operations of ATDC.
- ATDC signed deals with companies like Arise Integrated Industrial Platforms and BSMART Technology Limited.
The establishment of ATDC represents a significant step towards enhancing intra-African trade and could potentially reshape the continent's economic landscape. However, the success of such initiatives will depend on effective implementation and collaboration among various stakeholders.
