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Africa

ITFC and ISFD ink US$150m partnership to support trade...

The International Islamic Trade Finance Corporation (ITFC) and the Islamic Solidarity Fund for Development (ISFD), both members of the Islamic Development Bank (IsDB) Group, have announced the signing of the Trade Finance Support Program for the least developed member countries...

#Islamic Development Bank

AfDB approves $10m trade finance guarantees in Angola

The Board of Directors of the African Development Bank Group (AfDB) has approved a $10m Trade Finance Transaction Guarantee (TG)…

#AfDB#trade credit insurance


Nigeria’s Bank of Industry Partners with the IFC to...

Nigeria’s Bank of Industry (BoI) is certainly making waves. Having just won four international banking awards in November 2022, the…

#supply chain finance


Nigerian start-up launches invoice management system

Nine months after it was founded Nigerian start-up company, Exin Versa, has launched an invoice management system for its clients.…

#supply chain finance


IFC approves US$35m to support trade and working capital...

The International Finance Corporation (IFC) has approved a credit facility of ... (more…)

#working capital


Niger becomes member of Africa Trade Insurance Agency to...

Following Niger’s membership in African Trade Insurance Agency (ATI)... (more…)

#trade insurance


Africa Specialty Risks and Africa Re partner to increase...

Africa Specialty Risks (“ASR”, the “Group”) and the African Reinsurance Corporation (“Africa Re’) announces today that they have entered into…

#political risks#trade credit#trade credit insurance


UBA Group facilitates $29.4bn trade finance transactions

During the Lagos International Trade Fair, Muyiwa Akinyemi, Deputy ... (more…)

#UBA


Nigerian fintech proposes acquisition to expand SME lending

Nigeria’s credit-led SME fintech has announced the proposed acquisition of Maritime Microfinance Bank (MFB), a financial institution specialising in saving…

#SME lending


Breeze partners with Finverity to reduce Africa’s trade finance...

Breeze, a startup that powers trade by providing financial services to supply chain businesses in Africa... (more…)

#Finverity#supply chain finance


Togo adopts factoring law

In order to expand the scope of financing instruments for businesses... (more…)

#factoring law#Sani Yaya


Togo factoring market grows in anticipation of new legislation

 In Togo, factoring has recorded a positive development since its introduction in 2019. Outstanding financing by factoring increased from FCFA…

#Sani Yaya

AfDB agrees $75m risk participation agreement facility for FRB...

The Board of Directors of the African Development Bank Group (AfDB) on... (more…)

#African Development Bank#FirstRand Bank

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