The African Export-Import Bank (Afreximbank) has launched the African Trade and Distribution Company (ATDC), along with its subsidiary ATDC Minerals (ATMIN), to boost large-scale trade in raw materials, minerals, and value-added products across Africa. Afreximbank has pledged US$1 billion to fund its operations.

• Most important fact or figure from the article: ATDC has already secured a US$1 billion funding pledge from Afreximbank.
• Key person or organization involved: Afreximbank, President and Chairman Prof. Benedict Oramah.
• Notable detail that adds context: ATMIN announced landmark deals worth approximately US$3 billion, including oil lifting arrangements with Nigeria National Petroleum Company Limited.