US EditionUBA Group and BII Sign Letter of Intent to Explore Trade Finance Collaboration Across Africa
The collaboration aims to close Africa’s $80 billion trade finance gap and support SMEs across 20 countries within the African Continental Free Trade Area, British International Investment said.
- On Thursday, March 19, 2026, United Bank for Africa and British International Investment announced a letter of intent to expand African trade finance, leveraging UBA's network and BII's development mandate.
- To address the $80 billion trade finance gap, UBA will leverage its 20-country network, with BII supporting transactions outside conventional appetite.
- UBA UK and BII will support transactions often outside conventional commercial appetite, Lok Mishra, CEO of UBA UK, stated.
- Both institutions identified the African Continental Free Trade Area as a catalyst, with BII's head of Africa stating the move builds on trade momentum.
- Aligning with the United Kingdom government's broader engagement, future cooperation remains subject to further assessment and internal approvals.
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33 Articles
UBA Group, BII Sign Letter of Intent to Explore Trade Finance Collaboration across Africa
United Bank for Africa (UK) Limited (“UBA UK”) and British International Investment plc (“BII”), the UK’s development finance institution and impact investor, today announced that they have signed a letter of intent to develop trade finance collaboration opportunities. The proposed initiative aims to expand access to trade and working capital facilities for businesses operating across Africa. Access to trade finance remains one of the most signi…
Falkirk Herald
UBA Group and BII sign letter of intent to explore trade finance collaboration
The initiative aims to improve access to trade for businesses in Africa.
UBA UK, BII sign trade finance letter for Africa SMEs
United Bank for Africa and British International Investment, the UK's development finance institution, have signed a letter of intent to develop trade finance collaboration across Africa, targeting what the African Development Bank estimates is an $80 billion annual gap in the continent's access to trade and working capital facilities.The agreement was signed in London on March 16 between UBA UK, the London subsidiary of UBA Group, and BII, whic…
UBA Group, British Investment in Pact for Trade Finance in Africa
United Bank for Africa (UK) Limited and British International Investment plc (BII), the UK’s development finance institution and impact investor, have agreed to explore trade finance partnership opportunities across Africa by signing a letter of intent. The new initiative is set to boost access to trade and working capital resources for businesses in Africa, especially small businesses, which are at a disadvantage. British Investment invests in …
UBA, BII Partner to Expand Trade Finance Access Across Africa
In a move aimed at tackling one of Africa’s most persistent barriers to trade, United Bank for Africa (UBA) UK Limited and British International Investment plc (BII) have announced plans to collaborate on expanding access to trade finance across the continent. The two institutions confirmed that they have signed a letter of intent to explore […] The post UBA, BII Partner to Expand Trade Finance Access Across Africa appeared first on Trending New…
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