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Vol 37 No 12

Published 7th June 1996


Toes in the water 

Commercial bankers are getting interested again in financing African trade

The risks seem to be growing smaller, the chances of fat short-term profits greater. Commercial banks are cautiously moving into the financing of sub-Saharan Africa's trade, spurred by moves towards currency convertibility and some reduction of the region's debt burden. In economies where growth seems to have taken root (Ghana and Côte d'Ivoire, as well as South Africa), there are signs of banks making medium-term loans. Countries such as Ghana and Zimbabwe have built up reserves and eliminated trade arrears.

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