# African trade finance and logistics guarantees > Developing situation record from CLSTR: https://clstr.news/situations/african-trade-finance-and-logistics-guarantees > Updated: 2026-10-07T14:24:58.000Z. Sources: 3. Developments: 2. Financial institutions are providing guarantees to facilitate trade and reduce risk within African markets. Afreximbank issued a $29 million guarantee to BSMART Technology Ltd to support the East African Community (EAC) digital customs bond. This system aims to streamline regional logistics by allowing a single digital guarantee to cover goods transiting through multiple member states, including Uganda, Rwanda, and Burundi, thereby reducing administrative burdens and paperwork. In Tanzania, the African Development Bank signed a $10 million trade-finance transaction guarantee agreement with Exim Bank Tanzania. This facility is intended to cover non-payment risks for letters of credit, potentially supporting up to $60 million in trade transactions over three years. The initiative specifically targets Tanzania’s trade-finance gap to assist small and medium-sized enterprises in sectors such as agriculture, health, and energy. ## Timeline ### 2026-10-07: African Development Bank provides $10 million guarantee to Exim Bank Tanzania The African Development Bank has provided a $10 million guarantee to Exim Bank Tanzania to support up to $60 million in trade transactions, targeting SMEs and critical sectors like agriculture and health. 2 sources. https://clstr.news/cluster/african-development-bank-provides-10-million-guarantee-to-exim-bank-tanzania ### 2026-09-23: Afreximbank issues $29m guarantee for EAC digital customs bond Afreximbank has provided a $29 million guarantee to support the EAC Customs Bond, a digital system designed to streamline the movement of goods across East African borders. 2 sources. https://clstr.news/cluster/afreximbank-issues-29m-guarantee-for-eac-digital-customs-bond --- Cite as: African trade finance and logistics guarantees. CLSTR, https://clstr.news/situations/african-trade-finance-and-logistics-guarantees