The African Development Bank Group and Exim Bank Tanzania Limited signed an agreement on September 28, 2026, in Dar es Salaam, Tanzania. This agreement sets up a ten million dollar guarantee mechanism to support trade financing in the country. The African Development Bank Group will offer up to 100 percent guarantee to confirming banks against non-payment risks related to letters of credit and similar trade financing tools issued by Exim Bank Tanzania. This initiative is designed to assist small and medium enterprises (SMEs) and local businesses involved in imports, thereby promoting intra-African trade and supporting the goals of the African Continental Free Trade Area (AfCFTA). The African Development Bank’s transaction guarantee is a non-funded instrument, meaning it does not involve direct financial lending. Instead, it covers the risk of non-payment up to 100 percent for confirming banks involved in trade financing transactions with eligible, Africa-based issuing banks. During the signing ceremony, Mary Monyau, head of the African Development Bank Group's country office in Tanzania, highlighted the significance of the agreement in addressing Tanzania's trade financing needs and reducing its reliance on imports in key sectors like trade, agriculture, manufacturing, and energy. She noted that the initiative aligns with the bank's Cardinal Points on risk management and capital mobilization, which aim to unlock financing for SMEs, strengthen regional integration, and enhance Africa's role in global markets. Monyau also expressed support for Tanzania’s "Vision 2050," a national plan to transform the country into an inclusive, climate-resilient, high-income economy by 2050. Shani Kinswaga, chief financial officer of Exim Bank Tanzania, emphasized that the partnership is more than a financial agreement—it strengthens the financial infrastructure needed to support Tanzania’s growing commercial ambitions. For Exim Bank, the agreement provides an opportunity to expand its trade financing activities and help Tanzanian businesses participate more securely in regional and international markets. Kinswaga noted that the partnership increases Exim Bank's capacity and risk support, enabling it to pursue viable commercial opportunities with greater confidence while maintaining strong risk management and credit standards. Meanwhile, in Côte d'Ivoire, the Séguéla gold mine continues to meet its 2026 production targets despite challenges. Commissioned in 2023, Séguéla is one of the last major gold mines to begin operations in the country, following Lafigué in 2024. In Kenya, the government plans to invest 3 billion dollars to speed up industrialization, particularly in the electric vehicle sector, driven by rising regional demand and new investments. In Mozambique, the government is seeking new opportunities for its workers in Qatar, having signed an agreement that establishes a legal framework for the international movement of its labor force. In Ghana, India's External Affairs Minister S. Jaishankar started a tour focused on trade and investment, visiting Ghana, Côte d'Ivoire, and Ethiopia as India works to strengthen its economic ties with these African nations.