Wegagen Bank partners with IFC on $10 million trade finance guarantee
Wegagen Bank has signed a strategic partnership with the International Finance Corporation (IFC), securing a $10 million trade finance guarantee to expand its support for Ethiopian importers and exporters.
The agreement, signed by Wegagen CEO Aklilu Wubet (PhD) and IFC Country Manager for Ethiopia, Malawi and Zambia Madalo Minofu, makes Wegagen a participant in IFC’s Global Trade Finance Program (GTFP). The facility mitigates payment risks in cross-border transactions, helping local businesses access essential inputs and connect to regional and global markets.
https://capitalethiopia.com/2026/04/09/wegagen-bank-partners-with-ifc-on-10-million-trade-finance-guarantee/