Access Holdings and IFC Partner to Boost Trade Finance

Access Holdings Plc and the International Finance Corporation (IFC), a member of the World Bank Group, have signed an agreement to expand trade finance across Africa. This partnership is designed to help African businesses access regional and global markets, thereby strengthening Access Group's capacity to finance businesses and support cross-border trade.

The collaboration aims to contribute to sustainable economic growth across the markets where Access operates. By reinforcing the Group's capital position, the partnership will enable Access to sustain and expand financing for enterprises and trade flows that are vital to Africa's economies.

Aigboje Aig-Imoukhuede, Chairman of Access Holdings Plc, stated that the partnership reflects a shared belief in the importance of strong African financial institutions for the continent's growth. Ethiopis Tafara, IFC Regional Vice President for Africa, emphasized the necessity of expanding access to trade finance to help African businesses grow and create jobs.