New Delhi, Aug. 21 -- The Export-Import Bank of India (India Exim Bank) and ECOWAS Bank for Investment and Development (EBID) have signed a commercial credit line agreement of USD 40 million.

The agreement will create new opportunities for Indian businesses to access the African markets, strengthening bilateral economic ties.

India Exim Bank has consistently fostered enduring trade and investment partnerships that connect Indian capabilities with the developmental priorities of African countries.

Collaborations with financial institutions in Africa form a vital pillar of these partnerships, particularly in light of the growing uncertainties and resultant challenges to trade.

Commenting on the development, Trupti Mhatre, General Manage...