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The Nigerian Senate has taken a significant step towards improving the financial landscape for Micro, Small, and Medium Enterprises (MSMEs) by passing the second reading of the Factoring Assignments and Receivables Financing Bill 2023. Sponsored by Senator Tokunbo Abiru, the...
#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
To improve global trade in Africa and align with international regulatory and compliance standards, African Export-Import Bank (Afreximbank), in partnership…
#AFCTFA#Afreximbank#AI
British International Investment (BII), the UK’s development finance institution and impact investor, has pledged US$50m to Access Bank, one of…
#BII