The global trade finance community has gone through a traumatic period over the past two years, as European banks have retrenched and liquidity has dried up. Sub-Saharan Africa has not been immune to the fallout, facing rising trade finance costs and the withdrawal of financing lines. In an article written for the European Trade Finance Yearbook 2012/2013, Dr. Edward George, Head of Soft Commodities Research, Ecobank shares his perspective.
In a move to improve trade ties between the continent and Canada, the African Export-Import Bank (Afreximbank) has been awarded a US$30 million (4.8 billion naira) five-year line of credit by Canada s export credit agency, Export Development Canada (EDC).
In a specialist article, Dr. Edward George, Head of Soft Commodities research, Ecobank, shares his views on the outlook for trade finance in Sub-Saharan Africa.
Coface, the global credit insurance provider, is offering advice to UK businesses who want to expand into the African continent, one of the fastest-growing regions in the world.
Credit insurance provider Coface has continued its global expansion by extending its offering in Western and Central Africa. Coface guarantees are now available in 97 countries.
Dr. Okey Oramah, executive Vice President of Afreximbank gives BCR Factorscan his views on growth, crisis and African trade finance after the Arab Spring.
The African Development Bank (AfDB) has established a fund to absolve the risk of SME funding on the continent.