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[BUSINESS] · Nigeria, Germany · 12 sources

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Part of situation: African economic and mineral sovereignty initiatives (5 clusters)

Africa Finance Corporation and Munich Re launch $1 billion trade finance program

Africa Finance Corporation Munich Re trade finance risk-sharing program African banking

The Africa Finance Corporation (AFC) and German reinsurer Munich Re have launched a $1 billion risk-sharing program to expand trade finance for African banks. Announced in Lagos, the Unfunded Managed Debt Mobilisation Programme (UMDMP) is designed to help financial institutions overcome liquidity and risk constraints when financing imports and exports.

The first phase of the initiative covers 38 financial institutions across 11 African countries. The program supports essential trade instruments, including commercial letters of credit, trade loans, and trade guarantees, for transactions with a maximum duration of 12 months. Under the agreement, Munich Re will automatically assume a portion of the risk on eligible transactions based on pre-agreed parameters, while the AFC retains a share of the risk.

This revolving mechanism allows the $1 billion capacity to be replenished as transactions mature, enabling the support of successive deals without requiring new commitments for every transaction. The partnership builds on a cooperation between the two entities that began in 2018.

Entities

Afreximbank · Africa Finance Corporation · Banji Fehintola · Lagos · Moussa Diao · Munich Re · Oryx Energies SA

Claims

What the coverage asserts, and how many sources carry each claim.

Sources

Commerce africain : l’AFC partage le risque [afrikactus.com]
ENERGIE: souveraineté énergétique africaine, Afreximbank finance le rachat d’Oryx Energies pour 975 millions de dollars [afrique-news.tg]
Afreximbank finance à hauteur de 975 millions de dollars le rachat d’Oryx Energies - Informations, Actualités économiques et financières au Sénégal [lemarche.finance]
Performance - Afreximbank affiche des résultats financiers neuf solides au cours des premiers mois de l'année - Minutes-eco.com [www.minutes-eco.com]
L’AFC et Munich Re mobilisent 1 milliard USD pour accélérer le financement du commerce africain [www.sikafinance.com]
AFC, Munich Re sign US$ 1bln deal to boost trade finance for African banks [thecooperator.news]
Afreximbank And Partners Advance Africa’s Automotive Investment Agenda At Alamein Africa Forum [ugandaupdatenews.com]
Afreximbank says stronger compliance key to boosting African trade [www.zambiamonitor.com]
Afreximbank Posts US$813.5m Profit Despite Global Economic Uncertainty [thevaultznews.com]
Afrique/Énergie : Afreximbank débloque 975 millions de dollars pour le rachat d’Oryx Energies par ses dirigeants - AGP - Agence Gabonaise de Presse [agpgabon.ga]
Egypt seeks to expand exports to Africa as intra-African trade reaches $214bn [www.dailynewsegypt.com]
AFC and Munich Re launch US$1 billion programme to expand African trade finance [www.kenyaengineer.co.ke]