Mauritius Luxury Package 5 Nights 6 Days Experience the magic of Mauritius with our Mauritius Luxury Package 5 Nights 6 Days by Travel Case. Starting at just Rs. 77,000 per person, enjoy a comfortable stay at a 5-star resort, daily breakfast, and full-day tours to Ile Aux Cerf, South, and North. Hassle-free airport transfers included. Book your dream Mauritius getaway now. Contact us for more details and to tailor the itinerary to your preferences. https://www.mytravelcase.com/tours/mauritius-5-nights-6-days-luxury-package/

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African Development Bank Partners with Bank One on Trade Finance The African Development Bank Group is supporting the trade finance efforts of Bank One Limited. The Group will provide a $40 million trade finance package that is meant to help Bank One of Mauritius increase its capacity to provide trade finance to small to medium-sized businesses (SMBs), local corporates and other key sectors in Mauritius and across Africa, the African Development Bank said in a Thursday (Dec. 22) press release. The package includes a $25 million risk participation agreement and a $15 million transaction guarantee, the release said. “Given the cross-sectoral nature of trade, the proposed facility, while leveraging Bank One’s footprint, is expected to enhance the African Development Bank’s efforts to integrate Africa and improve the quality of life for the African people,” African Development Bank Head of Trade Finance Lamin Drammeh said in the release. Africa has an annual “trade finance gap” of $81 billion because SMBs and other domestic firms have greater difficulty accessing trade finance than do multinationals and large local corporates, according to the press release. The African Development Bank aims to reduce that gap by deploying the new transaction guarantee and risk participation agreement with Bank One, which is a leading Mauritian and regional banking for with reach that extends across the continent and globally, the release said. Read more: https://prnewsdistribution.co.uk/african-development-bank-partners-with-bank-one-on-trade-finance #AfricanDevelopmentBank #B2bPayments #CrossborderPayments #DigitalPayments #Smes #TradeFinance #NgulminthangLhanghal

African Development Bank Supports Bank One With $40 Million Trade Finance Package As per the latest news, the African Development Bank is supporting the Bank One of Mauritius by granting a $40 million trade finance package to boost its capacity to provide trade finance facilities to SMEs, local corporates and other important areas in Mauritius and across Africa. The above-mentioned package consists of a $25 million risk participation agreement and a $15 million transaction guarantee as per the announcement. This transaction guarantee will enable the Bank to provide up to 100% guarantee to confirming banks for the risks of payment failure arising from the confirmation of trade finance service issued by Bank One. On the other hand, the risk participation arrangement will initiate up to 50% guarantee cover on a portfolio basis to boost the trade finance transactions started by issuing banks in area member nations. In short, this financial backing will help Bank One strengthen its capacity to cater to the trade finance requirements of key sectors. “Looking at the cross-sectoral practices of trade, the proposed funding, while utilizing Bank One’s footprints, is supposed to upgrade the African Advancement Bank's endeavours to coordinate Africa and enhance the quality of life of African residents,” stated the African Development Bank Head of Trade Finance Lamin Drammeh. Read more: https://www.emeriobanque.com/news/african-development-bank-supports-bank-one #tradefinanceservice #AfricanDevelopmentBank #transactionguarantee #tradefinanceinstruments #financialservices

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