Afreximbank backs Tanzanian SMEs with $10m export finance facility

By Udeme Akpan
The African Export-Import Bank (Afreximbank) has extended a US$10 million finance facility to Azania Bank Plc of Tanzania to improve ac-cess to funding for small and medium-sized enterprises (SMEs) across the country’s export value chains.
The facility, provided under Afreximbank’s Export SME Development Programme (ESDP), will enable Azania Bank to offer eligible SMEs working capital and medium-term financing for business expansion, asset acquisition, and pre- and pos