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The African Development Bank Group (AfDB) has approved a US$20m trade finance facility for Banco Comercial e de Investimentos S.A. (BCI), one of the leading commercial banks in Mozambique, aimed at expanding access to cross-border trade funding for small and...
#trade finance
Zedvance Finance Limited (Zedvance) is expanding its commercial lending operations in Nigeria, targeting ₦250bn (US$180m) in business financing by 2026…
#invoice finance
The International Islamic Trade Finance Corporation (ITFC) has signed a US$1bn framework agreement with the Mauritania to expand trade finance…
Stephanie Cerveaux, Operations Manager, MCB Factors Ltd, shares insights on the Mauritian factoring market in the regional article featured in…
#factoring
Commercial International Bank (CIB) has signed a memorandum of understanding with OtroVato to strengthen trade finance services and facilitate domestic…
Nigerian investor and entrepreneur Aliko Dangote has partnered with the International Finance Corporation (IFC) to support a US$10m risk-sharing facility…
#sme finance
IFC has announced five projects to support small- and medium-sized business development and job creation in Egypt and other parts…
Agridex International has partnered with Tradeflow Capital Management to deploy a digital payments and structured trade finance platform aimed at…
Fintech firm CashMe Tanzania is expanding access to financing for small and medium-sized enterprises (SMEs) while opening new investment opportunities…
The European Bank for Reconstruction and Development (EBRD) has made its first investment in Nigeria and its inaugural transaction in…
African Export-Import Bank (Afreximbank), working with other mandated lead arrangers, successfully closed a US$1.75bn syndicated receivables purchase facility for Sonangol,…
#syndication
African Export-Import Bank (Afreximbank) has officially terminated its credit rating relationship with Fitch Ratings. This decision follows a review of…
#termination
Rwandan fintech startup Kayko has raised $1.2 million in seed funding to enhance its platform designed to support small and…