The Export-Import Bank of the United States and the Eastern and Southern African Trade and Development Bank signed a $100 million memorandum of understanding that promotes American businesses operating in the region.

Under the terms of the agreement, Eastern and Southern African Trade and Development Bank, also known as PTA Bank, will work with U.S. entrepreneurs and members of the African Diaspora in America who are interested in exporting U.S. goods and services to their home countries.

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