PUBLISHED ON September 26th, 2022

TradeMark Africa seeks development finance to lift regional trade

Aid-for-trade organisation TradeMark Africa (TMA) is in talks with development finance institutions (DFIs) to help east Africa realise its free-trade potential, new CEO David Beer tells The Africa Report.

The group is in “advanced” discussions with DFIs to raise finance for projects such as one-stop border poststrade logistics parks and trade finance, Beer says. The aim, he says, is to attract finance that will improve trade infrastructure to the point where users will be prepared to pay for it.

Beer, based in Nairobi, took over from founding CEO Frank Matsaert on 1 September. He’s now developing a new 10-year strategy for TMA which will include a focus on digitisation. TMA has been a “victim of its own success” and now needs a “strategy 2.0”, he says.

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