DAR ES SALAAM, Tanzania — September 28, 2026: The African Development Bank (AfDB) and Exim Bank Tanzania have signed a US$10 million Trade Finance Transaction Guarantee Facility, strengthening Exim Bank Tanzania’s capacity to facilitate eligible trade finance transactions and support Tanzanian businesses engaged in cross-border trade.
Under the facility, AfDB will provide guarantees of up to 100% to confirming banks against eligible non-payment risks arising from Letters of Credit and similar trade finance instruments issued by Exim Bank Tanzania.
The additional risk protection will enable confirming banks to support more trade transactions originated by Exim Bank, while strengthening the bank’s ability to facilitate access to trade finance for SMEs and local corporates engaged in import activities.
The facility will also help Exim Bank access a broader network of confirming banks, supporting greater trade across the region and globally.
By strengthening access to trade finance, the arrangement supports efforts to promote intra-African trade and contributes to the objectives of the African Continental Free Trade Area (AfCFTA).
For Exim Bank Tanzania, the facility strengthens its trade finance capacity by providing additional risk support when working with confirming banks. This can help the bank facilitate more eligible trade transactions, strengthen relationships with international and regional financial institutions, and reduce some of the constraints associated with confirming trade finance instruments.
Exim Bank Tanzania Chief Financial Officer Shani Kinswaga said the partnership strengthens the bank’s ability to support businesses pursuing opportunities across regional and international markets.
“This partnership represents more than a financing arrangement; it strengthens the financial infrastructure required to support Tanzania’s growing trade ambitions. For Exim Bank, it provides an important opportunity to deepen our trade finance business while supporting Tanzanian businesses to participate more confidently in regional and international markets,” said Kinswaga.


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