Caribbean Export signs MOU with Afreximbank to support trade, investment

The regional trade and investment promotion agency on Thursday signed a Memorandum of Understanding with the African Export-Import Bank (Afreximbank) representing their commitment to continued collaboration and cooperation to support trade and investment flows between Africa and the Caribbean.

The agreement between the Barbados-based Caribbean Export and the Cairo-based bank was signed in The Bahamas on the final day of the 31st Afreximbank Annual Meetings and third AfriCaribbean Trade and Investment Forum (ACTIF).

Leo Naut, acting executive director of Caribbean Export, and director of export development at Afreximbank, Oluranti Doherty, inked the deal on behalf of their organisations.

The purpose of the MOU is to formalise the partnership between the regional agency and African financial institution which dates back to the first ACTIF which took place in Barbados in 2022.

The bank’s partnership with Caribbean Export will allow the parties to continue exploring joint activities that are consistent with the mandates and the objectives of both entities to support the trade and investment flows of their respective regions.

Over the last three days, producers of goods and providers of services from Africa and the Caribbean used the platform of ACTIF2024 to showcase their businesses.