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To increase the availability of affordable finance and strengthen local enterprises and supply chains across Africa, IFC, a member of the World Bank Group, today announced a strategic partnership with one of the leading global supply chain finance (SCF) platforms,...
#C2FO#IFC#sme finance
Absa has successfully secured a US$150m facility from British International Investment (BII) plc as part of its mission to help…
#ABSA#BII#sustainability
The Nigerian Senate has taken a significant step towards improving the financial landscape for Micro, Small, and Medium Enterprises (MSMEs)…
#factoring#factoring legislation
IFC, a member of the World Bank Group, and Absa Group Limited, a South Africa based bank, acting through its…
#ABSA#IFC#trade finance
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
Factoring continues to grow successfully around the world not only in mature markets but also in emerging markets such as…
#ACFTA#Afreximbank#factoring
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
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, 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, 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, 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
African Export-Import Bank (Afreximbank) plans to double its financing of intra-African trade from US$20bn in 2021 to US$40bn by 2026,…
#trade finance
In order to support trade finance activities in Ethiopia, African Development Bank (AfDB) has approved a US$40m transaction guarantee facility…
#African Development Bank#Dashen Bank#guarantee