CAIRO – Equatorial Guinea and Ghana have officially joined the Fund for Export Development in Africa (Feda), a subsidiary of the African Export-Import Bank (Afreximbank), marking a significant step in promoting industrialization, intra-African trade, and value-added exports across the continent. This partnership aims to extend Feda’s operational reach and enhance its investment capabilities in critical sectors.
According to Africa News Agency, the signing of the establishment agreement by Equatorial Guinea and Ghana is a pivotal moment for Feda, underlining the commitment of these nations to bolster economic development through enhanced cooperation. Benedict Oramah, President of Afreximbank, expressed his enthusiasm for the strengthened partnership, which is expected to drive substantial investments in various industries. Feda, known for its impact investing approach, focuses on bridging the financing gap necessary for the transformation of trade within Africa, employing a diversified investment strategy that spans multiple sectors.