The African Export-Import Bank (Afreximbank) is ramping up support for factoring in Africa with the signing of deals to provide lines of credit totalling €23m to enable factoring companies to expand their factoring activities in Africa.
The signing took place on the sidelines of the Regional Conference on Factoring, Receivables Finance and Credit Insurance in West Africa, held in Dakar from 7 to 9 June 2023. The benefactors of the factoring facilities were Senegal-based Banque Nationale Pour Le Developpement Economique (BNDE) and Fidelis Finance-Burkina Faso (FFB).
