Factoring in Africa allows businesses to sell their accounts receivable at a discount to gain immediate cash flow, is gaining traction across the continent, buoyed by significant growth and the support of institutions like Afreximbank and FCI.
Prime Bank has entered into an agreement with FCI in Dhaka, enabling the bank to carry out an international factoring operation with UniCredit Factoring Italy.
The UNIDROIT’s Factoring Model Law, the FCI Legal Study, and the IFC Knowledge Guide on Factoring Regulation and Supervision, reflects a collective endeavour meticulously designed to operate in harmony.
In this video, Neal Harm, (incoming) Secretary General of FCI, sat down with Peter Mulroy, (outgoing) Secretary General of FCI and Daniela Bonzanini, (outgoing) FCI Chairwoman reflect on the organisation’s evolution, strategic initiatives, and the future of factoring.
The FCI 55th Annual Meeting in Marrakech marked an important moment in receivables finance as the International Institute for the Unification of Private Law (UNIDROIT) launched the Model Law on Factoring.
FCI, the global representative body for the factoring and receivables finance industry, has achieved a significant milestone by securing three major agreements during its annual meeting in Marrakesh.
Africa has been a gateway for trade for centuries, yet the development of modern financial instruments like receivables finance has lagged. Receivables finance is not just a financial instrument. It’s a lifeline for businesses, especially in the ever-evolving landscape of African trade.
As announced in June 2022, the current Secretary General, Mr. Peter Mulroy, is set to retire on 29 February 2024. FCI has confirmed that Mr. Neal Harm will be taking… read more →
The livestream is an integral part of FCI’s 55th Annual Meeting in Marrakech.The annual meeting is a focal point in the industry calendar, covering a spectrum of topics from the launch of the UNIDROIT Factoring Model Law to the rise of receivables exchanges and marketplaces.
The Brainy Insights, a market intelligence firm, has projected that the global invoice factoring market, valued at $2.74 trillion in 2022, is set to surge to a whopping $6 trillion… read more →
