The agreement aims at boosting trade development across the country’s agriculture, energy, healthcare, and private sectors over a period of five years. The International Islamic Trade Finance Corporation (ITFC), a… read more →
Your morning coffee briefing from TFG. World trade’s recovery from the COVID-19 crisis hit a record high in the first quarter of 2021, increasing by 10% year-over-year and 4% quarter-over-quarter. WTO Director General calls for action on trade finance in low to middle-income countries.
The trade finance line of credit will enable UAE exporters to expand in Africa, while giving African buyers access to funds to import goods and services from the UAE; A… read more →
Cairo, 18 May 2021: – African Export-Import Bank (Afreximbank) on 10 May 2021 successfully closed a US$1.3 billion dual tenor bond issuance, the Bank’s largest-ever transaction in the international debt capital… read more →
Finastra has announced BANK OF AFRICA, a pan-African financial group, has selected Conpend’s TRADE AI app from its open innovation platform, FusionFabric.cloud. The app extends the functionality of Finastra’s Fusion… read more →
The first estimates for the factoring industry worldwide in 2020 have been announced today by the FCI’s Peter Mulroy. Factoring declines were recorded in most regions except Asia Pacific.
African Export-Import Bank (Afreximbank) on 31 March 2020 released its audited financial statements for the year ended 31 December 2020, showing strong and resilient growth, with total comprehensive income of… read more →
Singapore – Standard Chartered has launched a suite of sustainable trade finance solutions across Asia, Africa and the Middle East, Europe and the Americas. The Bank’s new Sustainable Trade Finance… read more →
African trade finance literature is often trusted by SMEs and usually omits domestic financial institutional challenges, especially in the Francophone markets.
As Africa enters a revolutionary period of intra-continental trade, factoring will be crucial to the growth of MSMEs.
