Fidelity Bank signs $40m cocoa export deal with AFREXIM Bank, Johnvents Industries

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Fidelity Bank signs $40m cocoa export deal with AFREXIM Bank, Johnvents Industries
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The second edition of the Fidelity International Trade and Creative Connect (FITCC) rounded off on a boisterous note as Fidelity Bank Plc hosted a broad range of businesses, regulators, members of the diplomatic corps and other guests to a two-day trade expo in Houston, Texas, United States of America.

The expo witnessed the signing of a $40 million pre-export finance facility in favour of JohnVents Industries, one of the exhibitors at the expo.

“This also highlights the value of our partnership with AFREXIM Bank especially in providing much-needed credit to last mile beneficiaries to upscale their operations and cater to a global market. These align with our objectives for FITCC and we are thrilled to host the formal deal signing event here.”

“To bridge these gaps, we created the Fidelity International Trade and Creative Connect in 2022 and hosted the inaugural edition of the expo in London last November. At the event, we had over 100 Nigerian businesses connected to United Kingdom business counterparts and deals worth about 200 million dollars closed on the spot and post-event. This year, we are taking it a notch higher as we aim to close deals worth about 250 million dollars.

Former Minister of Petroleum Resources, Diezani Allison- Madueke, will be hauled before a Southwark Crown Court judge on Monday to answer bribery charges and allegations of corruption from the United Kingdom’s National Crime Agency .

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