Trade, Industry and Competition Minister Parks Tau has signed an agreement with multilateral financial institution the African Export-Import Bank (Afreximbank) for South African businesses, State-owned enterprises and financial institutions to access trade and industrial finance. The $14-billion Country Programme also provides funding to support transformation, risk coverage and project funding, as well as funding to expand into continental markets under the African Continental Free Trade Area (AfCFTA).

Minister Parks Tau's recent visit to Egypt culminates in a significant partnership with Afreximbank, unlocking $14 billion for South Africa's industrialisation and export growth.

Trade, Industry and Competition Minister Parks Tau has signed an agreement with multilateral financial institution the African Export-Import Bank (Afreximbank) for South African…