ADEX and EBID sign financing agreement to boost UAE exports to West Africa
Abu Dhabi Exports Office (ADEX), the export-financing arm of Abu Dhabi Fund for Development (ADFD), has signed a financing agreement with the ECOWAS Bank for Investment and Development (EBID), whereby a line of credit of US$20 million will be opened between the two entities that will enhance strategic cooperation, leading to an increase in the volume of trade between the UAE and ECOWAS member states. The agreement also supports the establishment of additional credit lines and the provision of easier means for joint financing, thus boosting Emirati exports in the African market.
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