Absa Group concludes agreement with MIGA to bolster financing
- January 22, 2020
- Posted by: GroConsult Management
- Category: Banking, Investments
Absa Group Ltd., one of the largest diversified financial service providers in Africa, has concluded an agreement with the Multilateral Investment Guarantee Agency (MIGA) – a member of the World Bank Group, helping Absa expand financing across seven countries in sub-Saharan Africa. In terms of the agreement, MIGA will issue guarantees of US$497million to Absa.