In a demonstration of its commitment to promoting intra-African trade and economic integration, South Africa has taken up shareholding in the African Export-Import Bank (Afreximbank), the African continental multilateral trade finance institution.
With the shareholding, South Africa becomes the 47th African country to join Afreximbank as a participating state and/or shareholder. It is being represented by the Export Credit Insurance Corporation of South Africa (ECIC) as its designated investor in line with the terms of the provisions of the Charter of the Bank.
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