Alpen Capital has closed its third transaction in Kenya for Victoria Commercial Bank Limited (“VCB”)

Alpen Capital together with Afreximbank’s Advisory & Capital Markets Division has advised VCB in raising a Trade Finance Facility from African Export-Import Bank (“Afrexim Bank”) under their Trade Facilitation Programme (ATRAF). Afrexim Bank is a pan-African multilateral trade finance institution headquartered in Cairo, Egypt.

The funding will be an ongoing facility to be utilized by VCB in order to support the bank’s trade related transactions.