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African, Chinese Exim Banks Sign $600 Million Trade Deal

The deal being signed by China Exim’s Vice President Zhang Wencai and Afrexim’s Executive Vice President George Elombi. Image: Afreximbank

China Exim Bank has signed a $600 million deal with the African Export-Import Bank to boost trade and economic cooperation between Afreximbank member states and China.

At present, it is unclear which specific sectors will be targeted via the deal, which was signed by China Exim’s Vice President Zhang Wencai and Afrexim’s Executive Vice President George Elombi.

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