Afreximbank’s Africa Trade and Distribution Company Limited launches national trade and distribution platforms in Zimbabwe and Malawi

Africa Trade and Distribution Company Limited (ATDC), a subsidiary of African Export-Import Bank (Afreximbank) ( www.Afreximbank.com ), has signed agreements to launch National ATDC Zimbabwe and National ATDC Malawi, advancing its strategy to build country-level trading, logistics and distribution platforms that strengthen African value chains and expand intra-African trade. National ATDC Zimbabwe has been established as a joint venture between ATDC and CBZ Agro Yield, a member of CBZ Holdings Ltd. while ATDC Malawi will be a joint venture between ATDC and Press Corporation Plc, the apex conglomerate in Malawi. The agreements were signed in Alamein, Egypt, on the sidelines of Afreximbank Board Meetings. Mr. Nikhil Poonevala, Chief Operating Officer, signed on behalf of ATDC while Messrs. Lawrence Nyazema, Group Chief Executive Officer, CBZ Holdings and Dr. Ronald Mangani, Chief Executive Officer of Press Corporation Plc signed on behalf of their respective institutions. The launch of the Zimbabwe and Malawi platforms follows the incorporation of ATDC Egypt earlier this year, bringing the total number of National ATDC entities to three. In Zimbabwe, the platform will focus on commod

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