TORONTO, June 26, 2018 - The Canadian Council on Africa “CCAfrica” and Elevate Export Finance Corp. “Elevate” are pleased to announce their strategic partnership. The partnership will enhance the promotion of trade between the continent of Africa and Canada.
Elevate, an established partner of the Canadian government’s Export Development Canada (EDC) will offer African companies competitive rates on medium term loans of up to $10 million USD via a streamlined process and supported by Elevate’s private lending network.
Ed Walsh President of Elevate had this to say, “Partnering with CCAfrica was a very easy decision. Our focus of helping Canadian manufactures grow their export businesses will be enhanced in working with Nola Kianza and the CCAfrica team. Their network and connections in conjunction with our great financing product will allow trade to flourish between Canada and Africa.”
Canadian exporters are open to looking at new markets given all the uncertainty with their existing trading partners. Africa represents a significant growth opportunity for many Canadian companies. Kianza noted, “We have known for a long time the opportunity that exists in Africa and we believe that introducing the right type of financing will accelerate trade between Africa and Canada. African companies will benefit from the superior technology and expertise that exists with Canadian manufacturers.”
About CCAfrica
The Canadian Council on Africa (CCAfrica) is a Not-For-Profit and a Pan-Canadian organization with offices across Canada. Our mission is to promote Investment and Economic Development between Canada and the Continent of Africa. Created in 2002, members of CCAfrica represent all the sectors of the Canadian economies. In addition, CCAfrica has signed an agreement with the government of Canada to organize and lead the official delegation to Mining Indaba conference in Cape Town, South Africa.
About Elevate
Elevate, a Canadian-based lender, has partnered with Export Development Canada (EDC) and financial institutions to provide the customers of Canadian small and medium sized businesses with structured finance solutions. We lend to foreign buyers of Canadian Exporters to help support Canadian Export Success.