African Export and Import Bank (Afreximbank) has now established partnerships in its African Trade Facilitation Programme (AFTRAF) with over 80% of Africa’s commercial banks, according to the executive vice president of the Intra-African Trade Bank (IATB), Kanayo Awani.
The African Export-Import Bank (Afreximbank) has signed a Memorandum of Understanding (MoU) with Morocco’s Government, represented by its Ministry of Economy and Finance. This MoU aims to establish a $1… read more →
International trade is vital to the growth of income and the country’s economy. It is, however, not possible to carry out any trade devoid of any risks.
Sibos 2023, held this year in Toronto, allows industry stakeholders to come together to discuss industry trends and issues.
Cross-border trade is an inherently risky activity with numerous types of risk that can appear at all stages of trade. But today, we will discuss two types of risk: commercial risk and, transfer risk, a type of political risk.
The German branch of the International Chamber of Commerce, ICC Germany, in collaboration with financial technology firm MonetaGo, has released a report stating that digitalisation is key to combating global… read more →
As our world becomes increasingly digital, the digital divide has widespread implications, and the least developed countries (LDCs) are most likely to be negatively affected.
For ages, correspondent banking has played a vital role in the global payments system. Through correspondent banking relationships, banks gain access to a diverse range of financial products across various jurisdictions enabling them to offer cross-border payment solutions and services to their customers.
A spree of military coups in fragile West and Central African states is raising concern of contagion to other regions and more stable countries. Military interventions can indicate sudden policy… read more →
The European Union and the European Bank for Reconstruction and Development (EBRD) are backing food security and other key industries in wartime Ukraine through a new risk-sharing agreement in favour… read more →
