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In Togo, factoring has recorded a positive development since its introduction in 2019. Outstanding financing by factoring increased from FCFA 2bn (£2.6m) in June 2021 to FCFA9bn (£11.8m) at the end of June 2022. That is an increase of 350...
#Sani Yaya
The Board of Directors of the African Development Bank Group (AfDB) on... (more…)
#African Development Bank#FirstRand Bank
Standard Investment Bank (SIB), one of Kenya’s first indigenous investment banks has partnered with Recolte Ltd, a trade finance intermediary…
#purchase order finance
Six banks have come together to sign this week a pre-export receivables backed trade finance facility of $1.13bn for Ghana…
#Ghana Cocoa Board#ICBC#Rabobank
Africa’s young population is expected to double in less than 30 years rising to 830m by 2050. Meanwhile, employment opportunities…
#AfDB#Microsoft
African Export-Import Bank (Afreximbank) is delighted to announce the commercial launch of Afreximbank... (more…)
#bank#guarantees#international
African Export-Import Bank (Afreximbank) has commended the Governments of Niger and Burkina Faso... (more…)
Africa’s largest supermarket retailer Shoprite Group has launched a new supply chain finance product for its suppliers in partnership with…
#supplier finance#supply chain finance#Supply Chain Financing
African Lease Togo has just received ISO 9001 version 2015 certification from... (more…)
#African Lease Togo
Old Mutual, a pan-African investment, savings, insurance and banking group, has launched a new business offering to service the SME…
#supply chain finance
Digital SME marketplace Solv Kenya has signed a pact with Standard Chartered bank to enable MSMEs to access supply chain…
Two of South Africa’s leading fintechs, TymeBank and Retail Capital are set to join forces. TymeBank has announced that it…
#working capital finance
The Board of Directors of the African Development Bank Group has approved a Risk Participation Agreement of $50 million with…
#African Development Bank Group#Credit Agricole#trade credit insurance