South Africa and Eritrea have taken up shareholding in the African Export-Import Bank (Afreximbank)- the continent's multilateral trade finance institution, in demonstration of their commitments to promoting intra-trade and economic integration.With the shareholding, South Africa becomes the 47th African country to join Afreximbank as a participating state and/or shareholder, while Eritrea is now the 48th.
South Africa is being represented by its Export Credit Insurance Corporation (ECIC) as the designated investor in line with the terms of the provisions of the Charter of the Bank.
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