LAUNCH OF THE TRANS-AFRICA BOND ALLIANCE (TABA)

Today the Shippers Council of Eastern Africa represented by Ms. Pauline Ukwalu joins the AFREXIMBANK and ZEP-RE who are jointly launching a venture “Trans-Africa Bond Alliance (TABA) .

TABA seeks to promote and sell de-risking instruments for transit and trade facilitation bonds on the continent. TABA will work with African financial institutions including primary sureties to create an ecosystem that benefits from ZEP-RE’s expertise in bond underwriting and reinsurance enhanced through the Afreximbank partnership.

We applaud and commend the duo for the introduction of TABA a solution that will unlock trade within the continent. Over the many years Africa’s economic development has long been hampered by high cross border trade costs, which hinder intra-African trade and industrialization.

TABA will facilitate the movement of goods
across Africa through a single technology-enabled transit bond and support the implementation of the African Continental Free Trade Area
(AfCFTA) Agreement. With a single transit bond, a truck will be able to move within Africa without incurring the costs and debilitating delays the current arrangement imposes.
SCEA welcomes and supports this solution that will facilitate trade,reduce costs, and delays thus boosting intra-regional and African trade.

#one bond one Africa.