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Africa

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) to support small and medium-sized enterprises (SMEs) and local firms in Sierra Leone. This AAA-rated guarantee will provide 100 percent...

#AfDB#African Development Bank#Ganiyu Sanni

AfDB grants Ecobank €5m trade finance transaction to support...

The African Development Bank (AfDB) Group’s Board of Directors has approved a €5m trade finance transaction guarantee facility for Ecobank…

#African Development Bank#Ecobank#Félix Landry Njoume


IFC and C2FO partner for SCF in Africa

To increase the availability of affordable finance and strengthen local enterprises and supply chains across Africa, IFC, a member of…

#C2FO#IFC#sme finance


Absa secures US$150m from BII

Absa has successfully secured a US$150m facility from British International Investment (BII) plc as part of its mission to help…

#ABSA#BII#sustainability


Nigeria’s senate advances Factoring Bill

The Nigerian Senate has taken a significant step towards improving the financial landscape for Micro, Small, and Medium Enterprises (MSMEs)…

#factoring#factoring legislation


IFC and Absa provide trade facility to Valency

IFC, a member of the World Bank Group, and Absa Group Limited, a South Africa based bank, acting through its…

#ABSA#IFC#trade finance


National Bank of Malawi secures US$100m trade finance facility...

In a move set to significantly boost trade financing in Malawi, African Export-Import Bank (Afreximbank) has signed a landmark US$100m…

#Afreximbank#National Bank of Malawi#trade finance


WFY’24: Factoring continues to grow successfully in Botswana

Factoring continues to grow successfully around the world not only in mature markets but also in emerging markets such as…

#ACFTA#Afreximbank#factoring


DP World and Nedbank partner to boost trade financing...

Businesses across sub-Saharan Africa that face working capital challenges, stand to benefit from a new partnership between DP World Trade…

#DP World#Nedbank#trade finance


NAICOM to support factoring group transformation into an association

The National Insurance Commission of Nigeria (NAICOM) has assured its support for the ongoing efforts to transform the Nigerian Factoring…

#factoring association#Hope Yogo#NAICOM


Waza secures US$8m to expand into trade finance

Waza, an African fintech startup dedicated to transforming cross-border payments in emerging markets, has raised US$8m in new funding. The…

#B2B#cross-border payments#emerging markets


Waza raises US$8m to expand B2B payments and trade...

Waza, a B2B payment and liquidity provider for emerging market businesses, has secured US$8m in a combination of equity and…

#B2B payments#cross border payments#liquidity

Mansa launches liquidity pool on Base to empower African...

Mansa, a Kenya-based pioneering fintech specialising in liquidity solutions for multinational exports and cross-border payments in emerging markets, has announced…

#blockchain#emerging markets#exports

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