Maputo, November 18th, 2024 – First Capital Bank Moçambique has entered a significant partnership with Proparco, joining their Trade Finance Programme. The partnership consists of an envelope of guarantees for trade finance instruments of 10 million dollars granted by Proparco to First Capital Bank Moçambique and reinforces the deployment of Proparco’s Trade Finance Programme in the region.

Proparco’s Trade Finance Programme was specifically designed to address Mozambique’s import needs, seeking to mitigate risks by providing guarantees for trade finance instruments issued by First Capital Bank Moçambique. By securing these instruments, the bank will strengthen its capacity to support Mozambican importers and establish stronger trade links with African and international exporters.
“On behalf of First Capital Bank Moçambique, I would like to express our gratitude to Proparco for their trust in us. Trade Finance is a key area of our business, and this partnership with Proparco will be vital in driving our growth in this segment. We look forward to exploring the potential of this partnership.” said João Rodrigues, CEO of First Capital Bank Moçambique, during the signing occasion.

According to Emmanuel Haye, Head of Africa for Proparco’s Financial Institutions and Inclusion Division, “Proparco is delighted with this partnership with First Capital Bank, the first bank to join our trade programme in Mozambique, where trade finance tools are essential for strengthening food security, especially in a global context of increased tensions affecting access to essential goods.”

With this collaboration, First Capital Bank Moçambique continues to solidify its role as a crucial player in the financial and trade sectors, furthering its commitment to providing innovative solutions that meet the evolving needs of the Mozambican market.