The Outlook for Trade Finance in Sub-Saharan Africa

 Africa TS 

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.

Afreximbank receives USD30m to boost Africa-Canada trade

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).

Coface strengthens presence in Africa

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.