Trade Finance Global (TFG)’s Post

🌍 Tailoring success: The custom fit of #exportfinance in Africa 💪 When it comes to export finance, Africa, and each of the many unique markets within the continent, requires uniquely tailored solutions. ✍️ In our latest article, Inwang Akpan, Head of Trade, Transaction Banking for the Standard Bank Group shares his take on export finance in the African context and how this can benefit African exporters. 📖 Read the full article by following the link in the comments section below 👇 #africantrade #africaneconomy

🌍 Tailoring success: The custom fit of #exportfinance in Africa 💪 When it comes to export finance, Africa, and each of the many unique markets within the continent, requires uniquely tailored solutions. ✍️ Inwang Akpan, Head of Trade, Transaction Banking for the Standard Bank Group shares important insights on export finance in the African context and how this can benefit African exporters. 📖 Read the full article by following the link in the comments section below 👇#africantrade #africaneconomy

The African Export-Import Bank (Afreximbank) has announced plans to host its 𝟸0𝟸𝟺 𝚃𝚛𝚊𝚍𝚎 𝙵𝚒𝚗𝚊𝚗𝚌𝚎 𝚂𝚎𝚖𝚒𝚗𝚊𝚛 𝚊𝚗𝚍 𝙵𝚊𝚌𝚝𝚘𝚛𝚒𝚗𝚐 𝚆𝚘𝚛𝚔𝚜𝚑𝚘𝚙 𝚒𝚗 𝚆𝚒𝚗𝚍𝚑𝚘𝚎𝚔, Namibia from November 4-8, 2024. This event aims to enhance trade finance capacity and knowledge across Africa.The seminar will bring together bankers, financial institutions, regulatory bodies, and corporate entities engaged in trade and manufacturing. It will focus on addressing challenges in trade finance and exploring innovative solutions to support African trade. Key topics to be covered include: 🔰 Managing trade finance challenges in the current economic climate 🔰 Leveraging the African Continental Free Trade Area (AfCFTA) 🔰 Innovations in structured trade and commodity finance 🔰 Digitalization in trade finance 🔰 Risk mitigation tools and compliance The factoring workshop will provide practical insights into factoring operations, featuring case studies and expert presentations. This aligns with Afreximbank's efforts to promote factoring as a trade finance instrument in Africa.By hosting this event, Afreximbank continues its commitment to building capacity in Africa's financial sector and supporting the growth of intra-African trade. The seminar and workshop are expected to contribute to the development of trade finance expertise across the continent. #Afreximbank #TradeFinance #AfricanTrade #FactoringWorkshop #CapacityBuilding

🏦  ADB and Dashen Bank partner to boost trade finance in Ethiopia The African Development Bank Group (ADB) has approved a $40 million transaction guarantee facility for Dashen Bank, aimed at enhancing trade finance activities in Ethiopia. 🗣️ Nnenna Nwabufo, Director General of East Africa at ADB, said, “This facility underscores our commitment to supporting trade in Africa. By partnering with Dashen Bank, we’re leveraging their extensive knowledge and network in Ethiopia to drive economic growth through improved trade finance capabilities.” 📖 Read the article by following the link in the comments section below ⬇️ #Ethiopia #internationaltrade #SMEfinance

AfDB approves $40 million transaction guarantee facility for Dashen Bank. - This facility aims to assist small and medium-sized enterprises (SMEs) and local businesses with their trade finance needs. - It also promotes intra-Africa trade, supporting the African Continental Free Trade Area (AfCFTA) agenda. - The facility provides up to 100% non-payment risk coverage for Letters of Credit and similar instruments. - This initiative is crucial for enhancing trade finance, which drives economic growth in emerging markets. - Dashen Bank's CEO emphasized the benefits of this approval for regional trade services and support for SMEs. - The focus will particularly be on the agriculture and manufacturing sectors in Ethiopia. https://lnkd.in/ec8p7XCM

🌍 Exciting news for trade and development in Africa! The African Development Bank Group and the Eastern and Southern African Trade and Development Bank (TDB Group) have signed a $150 million Trade Finance Unfunded Risk Participation Agreement (RPA) facility during the African Investment Forum in Rabat, Morocco. This partnership is a major step toward: ✅ Bolstering intra-African trade ✅ Promoting regional integration ✅ Reducing the trade finance gap across the continent 🔑 Key highlights of the facility: Guarantees up to 75% for transactions in Low-Income Countries (LICs) and transition states. Expected to support $1.8 billion in trade over the next three years. Beneficiaries include local and regional Issuing Banks and African SMEs. TDB Group continues to lead in offering tailored trade finance solutions, ensuring that African businesses access the financial support they need to thrive. This collaboration aligns with the African Development Bank’s Ten-Year Strategy and its High-5 priorities to “Feed Africa,” “Industrialize Africa,” and “Integrate Africa.” 💬 As Wegoki Mugeni, TDB Group Chief Operating Officer, aptly said: “This crucial support will help bridge the significant gaps in trade finance access as major international banks continue retreating from the continent.” Together, we are shaping a stronger, more integrated Africa! #TradeFinance #AfricaDevelopment #RegionalIntegration #IntraAfricaTrade #PartnershipsForGrowth

🚨Boosting Africa's Trade Finance Market : A $100M Initiative🚨 🚀 Bolstering economic resilience in Africa with $100M investment. 💰 Tackling trade barriers and finance gaps in key African markets. "This infusion of capital is key to surmounting trade barriers in Africa, like the withdrawal of international correspondent banks and the significant trade finance gap, estimated between $80-120 billion. " 🌾 Enhancing agricultural development and promoting food security. 🤝 Empowering local businesses for inclusive growth and economic resilience. " The transaction underscores the shared commitment of BII ( British International Investment ) and Trade and Development Bank Group - TDB Group to empowering pivotal economic segments and the private sector, including #SME , to foster inclusive growth across the continent." Source Article➡️https://lnkd.in/dYxJ-Drs Admassu Tadesse , Ndaba Mpofu #TradeFinance #AgriculturalDevelopment #EconomicResilience #AfricaCommerce #Digitalization

We are excited to announce the approval of a US$15 million trade finance package for First Capital Bank (FCB) by the African Development Bank Group. The support will bolster intra-African commerce, aligning with the goals of the African Continental Free Trade Area, and Zimbabwe’s growth agenda – Vision 2030. This trade finance facility would not have been possible without the support and confidence of the African Development Bank Group’s Board of Directors towards our group - FCB. We convey our utmost gratitude to the African Development Bank Zimbabwe Country Manager - Moono Mupotola and her team for unlocking this facility to support the importation of strategic commodities and promote the integration of Zimbabwe’s economy into regional and global trade markets. Besides contributing towards the internationalization of activities of SMEs with limited resources and capabilities through active participation in the global value chain, the $15 million trade finance facility is a timely boost for Zimbabwe in its pursuit of sustainable economic growth in a liquidity-squeezed global marketplace. This business-enabling trade facility also speaks to our mantra – Your bank for doing business – as we walk the talk to promote the growth and development of Zimbabwean enterprises.According to an international financier, Small and Medium Enterprises (SMEs) constitute 90% of global businesses and contribute up to 40% of GDP in emerging economies. This makes them pivotal in Zimbabwe’s economic growth prospects through job creation, import substitution, poverty eradication, and national development. At your number one bank for doing business – FCB – Belief Comes First.

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

Financing trade is one of the best ways to ensure that a consistently symbiotic relationship exists between all countries on the African continent. Although the risks make it challenging, allowing buyers and sellers to benefit from the transparency that comes with easier access to trade and trade finance will lead to more being able to thrive and empower themselves and the industries around them. Comment your thoughts on trade finance and its potential in Africa. #AmilaAfrica #AmilaInsights #Trade #Finance #AfricanDevelopment