2025-07-01
·Banks
African Development Bank Approves $50M Trade Finance Facility for Awash Bank
As reported by EBCAM
Summary
- The African Development Bank approved a $50 million Trade Finance Transaction Guarantee Facility for Awash Bank in July 2025 to support SMEs and local corporates. The facility improves liquidity and enables Awash to support more trade customers.
- Awash is one of Ethiopia's largest private banks; the facility strengthens its capacity to facilitate imports and exports.
- BirrValue review: Awash's enhanced trade finance capacity can affect FX flows and conversion availability. Compare Awash's rates with other banks on BirrValue for remittances and business conversions.