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\"\"
Chitera signs the documents with El Maayergi<\/strong><\/figcaption><\/figure>\n\n\n\n

FDH Bank Plc and Egypt-based African Export-Import Bank (Afreximbank) have signed a $15 million medium term loan facility agreement to help reshape and drive intra and extra-African trade in Malawi.<\/p>\n\n\n\n

FDH Bank Plc Deputy Managing Director George Chitera sealed the deal with Afreximbank Executive Vice President Global Trade Bank, Haytham El Maayergi at the just-ended Afreximbank 31st<\/sup> Annual General Meeting in the Bahamas.<\/p>\n\n\n\n

In reaction to the agreement, Chitera said the development will help the Bank increase its capacity to structure complex trade finance solutions for its clients.  <\/p>\n\n\n\n

\"\"
Chitera (right) exchange signed documents with El Maaryegi<\/strong><\/figcaption><\/figure>\n\n\n\n

\u201cAs a Bank, we believe in our ability and potential to grow the business. To realize that potential we also leverage our strategic partnerships with Afreximbank and other like-minded institutions to strengthen our capacity and create bespoke financial solutions which will reshape and drive Intra and Extra Africa Trade. This US$15 million medium-term loan facility is one of the major steps towards that goal,\u201d said Chitera.<\/p>\n\n\n\n

In November last year, FDH Bank Plc was the first in Southern Africa to secure a $10 million Africa Trade Exchange (ATEX) facility agreement with the Pan-African multilateral institution, used to reshape the landscape of procurement of strategic supplies for Malawi’s economy.<\/p>\n\n\n\n

The Afreximbank 31st<\/sup> Annual General Meeting 2024 took place from June 12 to 14, 2024 with over a thousand attendees including African\/Caribbean leaders, African and non-African policymakers, corporate and business leaders, and bankers.<\/p>\n","protected":false},"excerpt":{"rendered":"

FDH Bank Plc and Egypt-based African Export-Import Bank (Afreximbank) have signed a $15 million medium term loan facility agreement to help reshape and drive intra and extra-African trade in Malawi. FDH Bank Plc Deputy Managing Director George Chitera sealed the deal with Afreximbank Executive Vice President Global Trade Bank, Haytham El Maayergi at the just-ended Afreximbank 31st Annual […]<\/p>\n","protected":false},"author":3,"featured_media":7711,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,1],"tags":[],"class_list":{"0":"post-7707","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"category-latest"},"yoast_head":"\nFDH Bank Plc, Afreximbank sign US$15 million deal\u00a0 - Malawi News Network<\/title>\n<meta name=\"description\" content=\"Malawi news, Nyasa times, Malawi Breaking new\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/malawinewsnetworks.com\/2024\/06\/21\/fdh-bank-plc-afreximbank-sign-us15-million-deal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FDH Bank Plc, Afreximbank sign US$15 million deal\u00a0 - 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