In a move that is set to change the face of supply chain and SME financing in Africa, the African Export-Import Bank (Afreximbank) and the supply chain financing company, Fiducia, have entered into a Memorandum of Understanding (MoU) to promote factoring across the continent and help reduce the supply chain finance gap.
Signed by Kanayo Awani (pictured), Afreximbank’s Executive Vice President, Intra-African Trade Bank, and Imohimi Aig-Imoukhuede, Chief Executive Officer of Fiducia, the MOU aims to facilitate collaboration between the two parties to harmonise their efforts to achieve the stated objectives.
