Zimbabwe: Witeva Secures $5.3 Million Gasoil Shipment Through Afreximbank Platform

Zimbabwean fuel importer Witeva Trading has secured a US$5.3 million gasoil shipment from a Switzerland-based commodity trader and supplier, with Innbucks Microbank Ltd. acting as the local issuing bank.

The transaction, facilitated through Africa Trade Gateway (ATG) and the African Export-Import Bank’s (Afreximbank) trade ecosystem, marks Innbucks Microbank’s first completed transaction on the platform and ATG’s first energy-sector transaction in Southern Africa.

The deal highlights how African businesses can use a single digital ecosystem to identify trade opportunities, connect with verified counterparties, access trade finance and execute cross-border transactions more efficiently.

Peter Olowononi, Afreximbank’s Director of Regional Operations for Southern Africa, said the transaction demonstrates the benefits of bringing African businesses and financial institutions together through a connected trade ecosystem.

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“By creating a digital ecosystem to expand access to trade finance, Afreximbank is enabling more businesses to participate more easily in regional and international trade,” Olowononi said.

Emeka Onyia, Afreximbank’s Director of Digital Business, said Africa Trade Gateway was designed to facilitate trade beyond simply providing a digital platform.

“The Africa Trade Gateway is more than a digital platform; it is an ecosystem that helps trade happen. We help businesses discover opportunities, connect with trusted buyers, suppliers and financial institutions, and support the journey from commercial opportunity to completed transactions,” Onyia said.

“Every successful deal strengthens the network, attracts new participants and creates more opportunities for African trade. As more businesses, banks and trade partners join the ecosystem, each completed transaction expands the marketplace, builds trust across the network and creates opportunities for future trade,” he added.