The Export-Import Bank of the United States (EXIM Bank) and the United Bank for Africa (UBA) on Wednesday, May 11 signed a Memorandum of Understanding (MOU) with the goal of expanding trade between the U.S. and Africa, UBA-Liberia has announced. The MOU was signed at the World Economic Forum Africa (WEF) in Kigali by Chairman and President of US EXIM Bank, Fred P. Hochberg, and UBA Group Managing Director and CEO, Phillips Oduoza.
The two were joined by Uzoka Kennedy, Deputy Managing Director and Group Managing Director Designate, UBA and Sola Yomi-Ajayi, Group Head, Financial Institutions and International Organizations, UBA, who all participated in the signing ceremony.
“EXIM Bank is proud to build on its decades long commitment to financing American exports to sub-Saharan Africa,” said Hochberg. “This memorandum signals to American exporters and African businesses alike that there are many more promising opportunities to work together, and EXIM stands ready to provide the financing needed to turn more of those opportunities into realities.”
