With $100 Million Afreximbank Commitment, FEDA positioned to support African businesses
The operationalisation of the newly-created Fund for Export Development in Africa (FEDA) moved into high gear today with the holding of the pre-incorporation meeting of the Board of Directors in Cairo. FEDA, a wholly-owned development-oriented subsidiary of the African Export-Import Bank (Afreximbank), has been set up to implement the Bank’s Equity Investment Programme by providing seed capital…