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Barrick revenue rises 22% as higher gold prices offset lower output
Barrick’s third-quarter revenue reached $5.07 billion. Group gold production fell, with delays in reaching higher-grade ore at Tanzania’s North Mara mine.
Tuesday 10th November 2026
By inAfrika Newsroom
The African Development Bank has approved a $200 million line of credit for the Trade and Development Bank to finance imports and exports in African markets. The AfDB board approved the facility on 28 October and the bank announced the decision on 9 November.
The lender expects the facility to support more than $1 billion in trade transactions over three and a half years. The credit line is revolving, which means repayments can free up funds for subsequent transactions during the term. The $1 billion figure is an estimate of the trade the facility could support.
The intended beneficiaries include financial institutions, larger companies and small and medium-sized businesses engaged in imports and exports. The AfDB said the facility would also help eligible TDB member countries finance purchases of fertiliser, refined fuel, medicines and food.
The bank’s financial products handbook says trade finance lines are intended to fund transactions that often mature in less than a year. Eligible institutions can then recycle the proceeds until their facility matures.
Channel Africa reported that AfDB trade finance head Lamin Drammeh pointed to higher energy and fertiliser prices, logistics disruptions and tighter funding conditions. TDB Group executive Joy Ntare said the credit line extends a relationship that already includes long-term finance and risk sharing.
The banks signed a separate $150 million risk-sharing agreement in December 2024. The November announcement concerned approval of a credit line to fund trade, and gave no figure for money already drawn.
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