- The facility, approved under the AfDB’s Transaction Guarantee Product, will allow Dashen Bank to issue letters of credit and other trade instruments backed by the AFDB’s full risk coverage.
- The guarantee aims to mitigate counterparty risk for international confirming banks—many of which have retreated from Ethiopian exposure in recent years—while enabling Dashen to support importers and exporters with improved confidence.
- The facility also supports Ethiopia’s aspirations under the African Continental Free Trade Area (AfCFTA), where improved financial intermediation is seen as key to unlocking intra-African commerce
News - Financial
Dashen Bank has officially secured a 40 million USD trade finance guarantee from the African Development Bank
