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Africa

Ascensia sets up in Abuja, launches invoice discounting

On July 7, 2025, Ascensia Finance Company (Ascensia) officially launched its operations in Abuja, signaling a bold entry into Nigeria’s dynamic financial services landscape. Licensed by the Central Bank of Nigeria (CBN) just three months prior in April, the company...

#Ascensia#Ascensia Finance Company#BNPL

AfDB approves US$50m trade finance transaction guarantee facility to...

The Board of Directors of the African Development Bank Group (AfDB) has approved a US$50m trade finance transaction guarantee facility…

#African Development Bank#Awash Bank#Lamin Drammeh


PAPSS and Interstellar unveil African currency marketplace eliminating US$5bn...

Building on the successful rollout of its groundbreaking continental payment infrastructure, the Pan-African Payment and Settlement System (PAPSS), in strategic…

#AfCFTA#Interstellar#Mike Ogbalu


Liquify secures US$1.5m seed round to tackle Africa’s trade...

Liquify, a female-founded trade finance platform, has successfully raised US$1.5m in a seed funding round led by Future Africa. The…

#54 Collective#AI#Alberta Asafo-Asamoah


Cauris Finance deepens investment in Jetstream Africa to bridge...

Cauris Finance, a private credit fund with a focus on Africa, has reaffirmed its commitment to transforming African trade by…

#Azer Songnaba#Cauris Finance#Jetstream Africa


African Development Bank approves €25.5m trade finance facility for...

The Board of Directors of the African Development Bank Group has approved a €25.5m trade finance facility for the Générale…

#African Development Bank#Leila Boumatou#Malinne Blomberg


BAS Group acquires Zuvy to expand invoice finance in...

BAS Group, a Nigerian investment company with a keen interest in underpenetrated markets, has taken a significant strategic step by…

#Abdulateef Hussein#Ahmad Shehu#Angel Onuoha


BDEAC secures €100m trade finance facility from Afreximbank

African Export-Import Bank (Afreximbank) has signed an agreement to provide the Banque de Développement des États de l’Afrique Centrale (BDEAC)…

#Afreximbank#BDEAC#Benedict Oramah


Rand Merchant Bank to adopt Surecomp’s TFaaS

Surecomp® today announced that Rand Merchant Bank (RMB), has selected its award-winning Trade Finance-as-a-Service (TFaaS) solution to drive seamless digital…

#Rand Merchant Bank#surecomp#TFaaS


IFC and FirstRand Bank to boost access to finance...

To make loans more accessible and affordable for small and medium enterprises (SMEs), IFC has set up a risk-sharing facility…

#credit risk#FirstRand Bank#IFC


Finceptive secures NGN 3bn via commercial paper issuance

Finceptive Limited (Finceptive), a Nigerian a specialised working capital provider, has successfully raised NGN 3bn (US$1.9m) through its inaugural commercial…

#commercial paper#Finceptive#supply chain finance


IFC boosts trade finance in West Africa with new...

IFC has announced new partnerships with Coris Bank International in Benin and Togo and Banque El Amana in Mauritania that…

#Banque El Amana#Coris Bank International#Global trade finance programme

BII and Standard Chartered join forces for trade finance...

Standard Chartered, a leading international cross-border bank, and British International Investment (BII), the UK’s development finance institution and impact investor,…

#British International Investment#Standard Chartered#trade finance

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