Intra-Africa Trade received a boost with the launch of a $1-billion South Africa-Africa Trade and Investment Promotion Programme (SATIPP) in Sandton. SATIPP is a joint programme launched by the African Export-Import Bank (Afreximbank) and the Export Credit Insurance Corporation of South Africa (ECIC).  The two organisations signed a cooperation agreement in march this year and SATIPP is being launched under this arrangement. The $1-billion financing programme will promote and expand trade and investments between South Africa and the rest of Africa.