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Africa

Rand Merchant Bank adopts Union Systems’ Kachasi trade finance...

Union Systems Limited (USL) announced that Rand Merchant Bank (RMB) has signed a license for its Kachasi trade finance software. This move reinforces Kachasi’s reliability and its role in advancing digital trade finance across Africa. Developed as Nigeria’s leading homegrown...

#Chuks Onyebuchi#Kachasi#Rand Merchant Bank

GHIB and BII announce US$50m partnership to boost cross-border...

Ghana International Bank plc (GHIB), a leading UK-based African financial institution, and British International Investment (BII), the UK’s development finance…

#British International Investment#Dean Adansi#Ghana International Bank


Select Africa taps Veefin for digital transformation

Select Africa, a leading financial institution based in South Africa, has partnered with Veefin Solutions, a global leader in providing…

#digitalisation#fintech#onboarding


African Development Bank and Standard Bank Unite sign agreement...

The African Development Bank Group and Standard Bank Group (SBG) on Monday signed a landmark financial agreement to enhance funding…

#African Development Bank#Ahmed Attout#Kenny Fihla


China Systems and Nedbank of South Africa launch SCF...

China Systems (CS), a global leading trade and supply chain finance (SCF) software provider, and Nedbank, one of South Africa’s…

#China Systems#Nedbank#scf


Verdant Capital supports UsPlus’ factoring expansion in South Africa

Investment Overview Verdant Capital Hybrid Fund has made its fifth investment, committing US$2m in junior convertible debentures to UsPlus Limited,…


IFC and BNI Madagascar partner to finance SMEs in...

IFC and BNI Madagascar today announced a partnership to expand access to local currency financing for smaller businesses in Madagascar,…

#BNI Madagascar#IFC#sme finance


WFY’24: Mauritius factoring industry recorded a remarcable performance in...

Trade is a key determinant of economic growth, and trade transaction facilitation has given rise to conventional solutions such as…

#factoring#MCB Factors Ltd#Stephanie Cerveaux


Billboxx secures US$1.6m pre-seed funding to empower African SMEs...

Billboxx, the integrated billing to payment platform aimed at ensuring timely payments for businesses across Africa, has successfully closed a…

#Abdulazeez Ogunjobi#Alex Bakir#Billboxx


IFC and Awash Bank partner to strengthen trade finance...

IFC and Ethiopia's Awash Bank have partnered to support increased trade in Ethiopia. The partnership will provide local businesses with…

#Aliou Maiga#Awash Bank#Global trade finance programme


AfDB and TDB Group expand trade finance partnership with...

The African Development Bank Group (AfDB) and the Eastern and Southern African Trade and Development Bank (TDB Group) have signed…

#AfDB#TDB#trade finance


BofA and AfDB sign agreement of €50m to support...

The African Development Bank (AfDB) and Bank of Africa SA (BofA) have signed a risk-sharing agreement of €50m to strengthen…

#AfDB#African Development Bank#African trade

AfDB approves US$4m trade finance guarantee to boost SME...

The African Development Bank (AfDB) has approved a US$4m trade finance transaction guarantee for Access Bank Sierra Leone Limited (ABSL)…

#AfDB#African Development Bank#Ganiyu Sanni

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