Last Updated April 25, 2008
MediCaptial, a London-based bank wholly-owned by Morocco's Banque Marocaine du Commerce Exterieur, has joined the IFC's global trade finance programme as a confirming bank. MediCapital provides financing that specifically focuses on Sub-Saharan Africa. The IFC programme supports trade within the emerging markets, promoting intra-trade flows between developing nations. The scheme aims to guarantee coverage of bank risk in emerging markets to allow the recipient to expand their trade finance transactions.
MediCapital is a fairly new bank that provides investors with access to opportunities in Africa. It also provides corporate Africa with access to international capital markets, and high-quality financial expertise. It mainly focuses on originating private sector deals below the threshold of international investment banks.
Reader Comments