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Africa

AFC secures US$300m loan from the CEXIM to boost...

Africa Finance Corporation (AFC) has announced the successful signing of a US$300m loan facility agreement with the Export-Import Bank of China (CEXIM). This landmark agreement, signed on the sidelines of the Asian Infrastructure Investment Bank (AIIB) Annual meetings in Egypt,...

#Asian Infrastructure Investment Bank#Sanjeev Gupta

Afreximbank and China Development Bank sign US$400m loan to...

The China Development Bank (CDB) today in Cairo signed a development-focused agreement to provide the African Export-Import Bank (Afreximbank)... (more…)

#Benedict Oramah


UNCTAD report highlights supply chain finance’s potential role in...

UNCTAD (UN Conference Trade and Development), in its latest report, Africa’s rise as a global supply chain force, sees supply…

#BCR Publishing#supply chain finance#World Supply Chain Finance Report


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…

#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

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