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Africa

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 African economies. They have revealed, materialised and even exacerbated major structural weaknesses. Over-indebtedness and food insecurity, with their economic, political...

#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


DP World and Standard Bank partner to expand trade...

Standard Bank, the largest bank in Africa by assets, has partnered with DP World, a global leader in supply chain…

#DP World#Kenny Fihla#Sinan Ozcan


Côte d’Ivoire adopts factoring law

The Economic and Financial Affairs Committee of the Senate of Côte d'Ivoire has adopted a uniform law in the West…

#factoring law


Afreximbank provides €10m factoring facility to Banque Postale du...

African Export-Import Bank (Afreximbank) has signed a landmark agreement with Banque Postale du Congo... (more…)

#Kanayo Awani


Absa CIB accesses Contour’s trade finance network

Contour, the leading digital trade finance network, announced today that Pan-African bank, Absa Corporate and Investment Bank are intent on…

#AfCFTA#Contour

African Development Bank approves trade finance facility to Banque...

The Board of Directors of the African Development Bank (ADB) Group has approved a trade finance transaction guarantee facility to…

#African Development Bank

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