Afreximbank platform powers Zim firm’s landmark US$5,3m fuel deal

A Zimbabwean fuel importer has completed a landmark US$5,3 million cross-border gasoil transaction through Afreximbank’s Africa Trade Gateway (ATG), marking the platform’s first energy-sector trade in Southern Africa and showcasing how digital trade ecosystems are unlocking finance and streamlining cross-border commerce.

The deal involved Zimbabwe’s Witeva Trading, a Switzerland-based commodity supplier, Innbucks Microbank and Afreximbank. Witeva sourced a shipment of gasoil from the Swiss supplier, with Innbucks Microbank acting as the local issuing financial institution and Afreximbank providing confirmation support under an agreed trade finance structure.

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