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International trade: Proparco opens a €15 million guarantee line in Cameroon

03/02/2022
Categories: Economy/Forex

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Proparco, a subsidiary of the French Development Agency (AFD) dedicated to financing the private sector, is opening a €15 million guarantee line to Afriland First Bank to support international trade. The two partners will sign this February 3, 2022 in Douala, the economic capital of Cameroon, a guarantee agreement for an amount of 15 million euros (about 10 billion FCFA). The guarantee line aims to boost trade finance operations, both in the bank's portfolio and in the country as a whole.

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