Afreximbank announces the historic issuance of the first-ever multi-border transit bond for Zambia
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Being one of the AfCFTA-flagship initiatives, the Collaborative Guarantee Scheme is being implemented in partnership with the AfCFTA Secretariat as well as Regional Economic Communities.
Afreximbank announced the historic issuance of the first-ever multi-border transit bond. The US$10 million transit bond issued in favour of Innovate General Insurance (IGI) of Zambia is expected to provide counter guarantees and boost IGI’s capacity to issue bonds to Clearing and Forwarding Agents in Zambia. The Afreximbank African Collaborative Transit Guarantee Scheme (AATGS) was
Afreximbank issues the first-ever multi-border transit bond in Zambia under the Afreximbank African Collaborative Transit Guarantee Scheme (AATGS)
Covid-19 cripples freight industry Rex Mphisa THE Shipping and Freight Forwarding Agents of Zimbabwe (SFFAZ) has implored the government to facilitate smooth flow of goods across borders amid confusion over lockdown rules. The industry is listed among essential services in the wake of a second wave of Covid-19 which has seen lockdown measures tightened. Zimbabwe has recorded 700 deaths and over 10 000 confirmed cases. Efforts by importers and exporters to engage relevant authorities have been futile. Agents have bemoaned police harassment in the manner they are enforcing Covid-19 regulations...