Banking on collaboration between India and Africa

Earlier this year, the Export-Import (Exim) Bank of India signed a partnership agreement with the International Trade Centre (ITC) aimed at strengthening collaboration between the two organizations. The focus will be on increasing enterprise and sector competitiveness, promoting capacity building in trade intelligence, supporting business linkages between India and other countries, and improving the business environment in those countries. In addition, ITC and Exim Bank will cooperate on Supporting India’s Trade Preferences for Africa’s Poor (SITA), a six-year project aimed at promoting exports from five East African countries – Ethiopia, Kenya, Rwanda, Uganda , and the United Republic of Tanzania.