African Export–Import Bank (Afreximbank) has signed a Memorandum of Understanding (MOU) with the World Trade Organization (WTO) for collaboration on Trade Finance and support for the Cotton 4+ countries (Benin, Burkina Faso, Chad, Mali, and Cote d’Ivoire).
The MOU was signed by the President and Chairman of the Board of Afreximbank, Professor Benedict Okey Oramah and the DG, WTO, Dr. Ngozi Okonjo-Iweala in Geneva, Switzerland.
It is targeted at scaling up the cotton value chain in the affected countries and by extension, positively impacting the African continent.
Dr. Okonjo-Iweala, in an X (former twitter) post expressed excitement at the development: “A very productive meeting with Professor Benedict Okey Oramah, President of @afreximbank and his team.
“With the signing of an MOU between @WTO and @afreximbank. Looking forward to producing results from our collaboration on Trade Finance and our support for the Cotton 4+ countries. Appreciate @afreximbank’s role as a financial partner in trying to establish and scale up the cotton value chain in Africa,” she wrote.
Pictures here show some of moments during the historic meeting.
