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Africa

Togo’s factoring grows to over 170% in Q1

In Togo, factoring and leasing continue their meteoric rise a few years after their introduction, according to information made public by Sani Yaya, Minister of Economy and Finance of Togo during a meeting of the National Credit Council.Factoring recorded a...

#African Lease Togo#leasing

ECI partners with top Ethiopia’s institutions to amplify UAE’s...

Etihad Credit Insurance (ECI), the UAE's federal export credit company, has entered into strategic agreements with leading Ethiopian financial institutions,…

#ECI#Etihad Credit Insurance#International Trade


Absa CIB becomes first Contour’s client in Africa

Contour, the leading digital trade finance network, announced that leading Pan-African bank, Absa Corporate and Investment Bank (CIB), is the…

#AfCFTA#Carl Wegner#Contour


BII commits up to $50m to West Africa’s SMEs

British International Investment (BII), the UK’s development finance institution (DFI) and impact investor, has announced the launch of Growth Investment…

#BII#SME financing#SME lending


IFC and Baobab Group deepen partnership to boost access...

IFC has just announced a new partnership with the Baobab Group, which will further support the provision of financial services…

#supply chain disruptions


Coface: Indebtedness rises in Africa

The successive shocks linked to the Covid pandemic and the war in Ukraine have had a clear negative impact on…

#COVID


Nigerian digital invoice financier raises US$4.5m new funding to...

Zuvy, a Nigerian based invoice financing fintech, has raised... (more…)

#digital lending


UBA partners AfCFTA to offer US$6bn finance for African...

The United Bank for Africa (UBA) Plc has signed an agreement with the Africa Continental Free Trade Area (AfCFTA) Secretariat…

#AfCFTA#UBA


Afreximbank injects €23m into factoring in Africa

The African Export-Import Bank (Afreximbank) is ramping up support for factoring in Africa with the signing of deals to provide…

#BNDE


Afreximbank launches insurance subsidiary to support intra-African trade

The African Export-Import Bank (Afreximbank) has launched in Accra its wholly owned insurance management services subsidiary, AFREXInsure, with a commitment to…

#bank#management#risk


Afreximbank loans BNDE €20m to develop factoring in Senegal

Mrs. Kanayo Awani, Managing Director, Afreximbank intra-African commercial initiative and the Managing Director of BNDE Abdoulaye NIANE signed Wednesday, June…

#BNDE#Kanayo Awani


Fiducia rolls out SCF solution in Nigeria

Fiducia, a Nigerian technology-leveraged supply chain financing platform, has rolled out the first-of-its-kind solution that will further drive the growth…

#Fiducia#supply chain finance

Afreximbank and Fiducia join forces to promote factoring and...

In a move that is set to change the face of supply chain and SME financing in Africa, the African…

#Fiducia#Kanayo Awani#supply chain finance

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