Afri-Caribbean Trade and Investment Forum 2022 (ACTIF2022) concluded with the signing of 14 agreements and memorandums of understanding (MoUs)

Sep 16, 2022 | Africa, Announcements, Countries, Financing, Home Page, Markets, Sectors, Snippets | 0 comments

According to a Afreximnbank September 2022 press release, the AfriCaribbean Trade and Investment Forum 2022 (ACTIF2022) concluded with the signing of 14 agreements and Memorandums of Understanding (MoUs).

According to a Afreximnbank September 2022 press release, the AfriCaribbean Trade and Investment Forum 2022 (ACTIF2022) concluded with the signing of 14 agreements and Memorandums of Understanding (MoUs). The agreements are aimed at deepening economic ties between Africa and the Caribbean. 

Key partnership agreements 

Some of the key partnership agreements signed on this occasion, including:

  • An agreement between the African Export-Import Bank (Afreximbank) and seven Caribbean countries (Antigua and Barbuda, Barbados, Dominica, St. Kitts and Nevis, St. Lucia, St. Vincent and the Grenadines, and Suriname) to strengthen South-South trade cooperation between African and Caribbean countries.
  • An agreement between Afreximbank and the Central Bank of Barbados (CBB) to establish a $250 million trade and investment financing programme in partnership with local Barbadian banks, aimed at increasing trade between African and Caribbean countries.
  • A $150 million revolving import finance facility agreement between Afreximbank and MRS Oil & Gas for the import of refined petroleum products, the export of crude oil and the exchange of both products.

“The Forum also witnessed the signing of an MoU Establishing the Africa Caribbean Business Council. Entered into by Afreximbank, the Africa Business Council and the Caribbean Private Sector Organisation,” said Afreximbank.

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