Ecobank Kenya Limited’s Post

𝐌𝐚𝐬𝐡𝐫𝐞𝐪 𝐚𝐧𝐝 𝐁𝐈𝐈 𝐋𝐚𝐮𝐧𝐜𝐡 $𝟓𝟎𝐌 𝐓𝐫𝐚𝐝𝐞 𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐈𝐧𝐢𝐭𝐢𝐚𝐭𝐢𝐯𝐞 𝐭𝐨 𝐁𝐨𝐨𝐬𝐭 𝐄𝐦𝐞𝐫𝐠𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐚𝐝𝐞 Mashreq has partnered with British International Investment (BII), in a $50 million trade finance initiative to boost cross-border trade in emerging markets across South Asia and Africa. The collaboration, structured under a Master Risk Participation Agreement, will use Mashreq's established network to provide US dollar liquidity for essential imports, addressing the growing trade finance gap caused by rising inflation and declining investor interest in non-traditional banking sectors. According to Chiradeep Deb, Mashreq's global head of investment banking, and Admir Imami, BII's director of trade and supply chain finance, this collaboration is step toward fostering sustainable economic growth in emerging markets while making trade finance more accessible to countries struggling with import and export financing. #britishinternationalinvestment #mashreq #GlobalTrade #EmergingMarkets"

Get ready for an insightful session! Jacinta Bey, our Country General Manager for Ghana, will be moderating the panel discussion on "Financing SMEs for Cross Border Trade" today at the 3i Africa Summit. Join us as Jacinta leads the conversation on the critical role of strategic partnerships in driving innovation and reducing costs and risks for banks in financing SMEs for cross-border trade! #3iAfricaSummit #SMEFinance #CrossBorderTrade

Key Takeaways from Rahul Mittal, Director of Intra Africa Sales at Arise, at #BiasharaAfrika2024 🌍 Mr. Mittal highlighted the pressing need for systems that empower SMEs to access markets across Africa. With the support of trading companies, these systems can connect small businesses to broader markets, ensuring their products reach consumers and industries across the continent. This approach is essential to building a vibrant, inclusive African trade ecosystem where SMEs thrive and drive economic growth. #DareToInventTheFuture #AfCFTABA24 #IntraAfricanTrade #FinancialInclusion #TradeInnovation

🌍🚀 A Powerful Partnership for African Trade! Ecobank Transnational Incorporated and African Export-Import Bank (Afreximbank) have teamed up to supercharge #trade and #compliance across #Africa! Here’s what this game-changing collaboration means for African businesses: 💡 Streamlined Trade: Ecobank’s Single Market Trade Hub now integrates with MANSA Digital Repository, making it easier than ever for businesses to connect, trade, and grow across the continent. ✅ Effortless #Compliance: Access #MANSA’s trusted database for smooth KYC and due diligence checks, saving time and boosting confidence. 🌟 New Opportunities: Businesses can now leverage African Continental Free Trade Area (AfCFTA) Secretariat #insights, upload profiles, and match with trade partners directly through the Trade Hub. This #partnership is more than integration—it’s the key to unlocking Africa’s trade potential, fostering good #governance, and paving the way for seamless cross-border commerce in 35 countries. 🌍✨ Ready to explore the future of African trade? Let’s connect, #collaborate, and grow! #AfricanTrade #BusinessGrowth #AfCFTA #DigitalSolutions #EconomicIntegration

Empowering African Trade: Afreximbank Introduces the Africa Trade Gateway in Cote d’Ivoire! 🌍 Afreximbank recently hosted a high-level forum in Abidjan, Cote d’Ivoire, to introduce the Africa Trade Gateway (ATG), an innovative marketplace solution for public and private sector engagement. Jointly organized with Page Agence Côte d'Ivoire Export and CGECI - Le Patronat Ivoirien - (Confédération Générale des Grandes Entreprises de Côte d'Ivoire), the event saw strong support from the Ministry of Trade and Industry, represented by Mr. Olivier DAIPO, Deputy Director of Cabinet. The Minister's message highlighted the project's significance for driving business development in Cote d'Ivoire. All speakers at the forum underscored ATG’s potential to strengthen the SME sector and enhance the country’s economic growth, building on Afreximbank’s existing solutions. Jean-Arsene Yerima, Regional Chief Operating Officer, Francophone West Africa, shared Afreximbank’s vision for ATG, outlining how its digital ecosystem—featuring platforms like MANSA, Pan-African Payment & Settlement System - PAPSS, TRADAR Club, ATEX, Afreximbank TRADELINK, ATGConnect, and Afreximbank Trade Intelligence Solutions—will address key barriers to trade and investment across Africa. A highlight of the event was the signing of a partnership agreement between Cote D’Ivoire Export and CGECI, which aims to promote ATG to over 150 CGECI members across various economic sectors. #Afreximbank #AfricaTradeGateway #ATG #CoteDIvoire #SME #DigitalTransformation #TradeSolutions

✂️ Tailoring success: The custom fit of export finance in Africa 🎯 One out of every six African exporters fails to meet their export sales targets due to a lack of funding, resulting in a loss of approximately $50,000 per trade, per small and medium-sized enterprise (SME) per year, according to the African Development Bank. 💰 The deficiency of financial support ultimately leads to the trade finance gap of more than $81 billion that the continent currently faces, which impacts SMEs the most. ➡️ When it comes to export finance, Africa – and each of the many unique markets within the continent – requires uniquely tailored solutions to be able to thrive. ✍️ In our latest #TRADEFINANCETALKS Magazine Issue 22, Inwang Akpan, Head of Trade, Transaction Banking at the Standard Bank Group writes about how export finance is customized to meet the unique needs of each market, particularly in regions like Africa. 📖 Read our article and the latest magazine issue in the comments below ⬇️ #exportfinance #SMEs #africantrade #tradefinancegap

The changing dynamics of African regional trade create unprecedented opportunities for businesses to expand their operations and increase their revenues, thus the right knowledge and expertise is now available via the Certificate of Trade Finance in Africa (COTFIA) with more details below. https://lnkd.in/dNgdM7Fe

Export credit transactions in Africa are rebounding, with $23 billion in new medium and long-term business in 2023, up from $14 billion in 2021 and $12 billion in 2022. Evaluating the trajectory of the #ECA market, this session at #GTRAfrica in #London on November 14 assessed the ongoing impact of the latest #OECD agreement reform and whether ECAs are going far enough to deploy products in the right locations. 👉 Take a look at the clip below to hear insights from our panel participants! ➡️Watch more of our other discussion clips: https://lnkd.in/gzTuBVz? list=PLEvDePCifu8pA6p8L6pna2wkdjFc4B-hu #TradeFinance #ExportFinance #InfrastrcutureFinance #GlobalTrade Mark Norris (Sullivan & Worcester LLP), Aymeric Perrin-Guinot (RMB - Rand Merchant Bank (RMB), Greg Fyfe (Standard Bank Group), Katarina Hirsch (EKN Exportkreditnämnden)

The recent partnership between Absa Group, Standard Bank Group of South Africa Limited, and Saudi EXIM Bank marks a significant step toward strengthening trade and export relations between Saudi Arabia and South Africa. The agreement, signed during the Saudi-South African Business Forum in Johannesburg, is set to deepen economic ties and open new avenues for collaboration. This partnership aligns with the ongoing visit by Saudi Arabia's Commerce Minister, Dr. Majid Al-Kassabi, which seeks to explore and expand bilateral trade opportunities between the two nations. Saudi EXIM Bank's commitment to enhancing trade relations is demonstrated by a $25 million credit line extended to Standard Bank. This funding aims to support Saudi non-oil exports, not just to South Africa but also to other African markets. With Standard Bank's presence across over 20 countries in the continent, Saudi exporters will have access to new opportunities to expand their market reach and boost their trade footprint in Africa. Meanwhile, Absa Bank will play a crucial role by offering financial and insurance solutions tailored to facilitate Saudi trade activities across its operations in more than 10 African countries. By leveraging its extensive network and financial expertise, Absa will help improve the competitiveness of Saudi exports, ensuring they meet the demands of both local and international markets. This strategic collaboration aims to unlock growth potential for Saudi businesses and promote diversified trade relations within the African region. Together, these initiatives represent a significant advancement in Saudi-African economic relations, positioning both regions for enhanced trade growth. The partnership not only reflects a commitment to supporting non-oil exports but also underscores the importance of developing sustainable trade strategies for long-term economic development. #SaudiEXIM #AbsaGroup #StandardBank #TradeRelations #SaudiAfricaPartnership #EconomicGrowth #ExportSupport #AfricanMarkets #BusinessForum #NonOilExports #FinancialSolutions https://zurl.co/lMuM

Global importing has become the cornerstone of many African businesses as it allows access to a wide array of goods and fosters international trade relationships. However, behind the scenes of these transactions lies a complex web of global payments, which, if not managed efficiently, can become a significant challenge for importers. We wrote an in-depth article outlining effective strategies for African importers to streamline cross-border payments from Africa. Read about it here: https://lnkd.in/g4XxQD9A