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BB Energy raises US$600m working capital finance facility

BB Energy, a leading global independent energy trading company, has successfully renewed and expanded its senior secured borrowing base credit facility in the Americas. The facility finances the company's working capital needs for inventory and receivables in the region.  The...

#working capital finance

MTN launches Xlerator programme to boost supplier finance

MTN, Africa's largest mobile network operator, is planning to offer substantial support to SMEs through its MTN Xlerator, MTN South…

#SME lending#supplier finance#supply chain finance


Nationwide hires Lillian Labbat to head new credit and...

Nationwide E&S/Specialty, a unit of Nationwide Mutual Insurance Co., said it is introducing a specialty division focused on global credit…

#Managerial Appointments#political risk


Turkish Figopara hires Provenir to automate decisioning and expand

Provenir, a global leader in AI-powered risk decisioning software, today announced that Figopara, an online marketplace for invoice financing, has…

#AI#credit risk management


Family-run Fox Brothers receives £70m syndicated ABL

Blackpool-based Fox Brothers is on the road to growth following a £70m asset-based lending facility from NatWest and HSBC UK.Syndicate…

#NatWest


Afreximabank and Morocco’s government to develop US$1bn trade and...

African Export-Import Bank (Afreximbank) has entered into a memorandum of understanding (MoU) with the Government of Morocco, represented by the…

#Benedict Oramah#investment#trade


DP World continues partnership with Standard Bank with new...

DP World has extended its long-standing partnership with pan-African bank, Standard Bank, by concluding a US$365.1m facility agreement.This agreement aims…

#DP World#Kenny Fihla#Standard Bank


InvoiceMate partners with the DFINITY Foundation to facilitate transition...

The DFINITY Foundation, a not-for-profit research and development organisation based in Switzerland and a major contributor to the Internet Computer…

#blockchain#digitalisation#digitisation


WFY23: ‘Brazilian economy continued to recover from the pandemic...

During 2022 the Brazilian economy continued to recover from the pandemic shock of 2020, with 2.9 per cent GDP growth,…

#Banco Ourinvest#João Costa Pereira#World Factoring Yearbook


SCF fintech TessPay launches new platform

TessPay, developer of a supply chain finance financial technology (fintech) platform that utilises blockchain technology to provide payment assurance and liquidity…

#accounts receivables finance#blockchain#supply chain finance


TDB and ITFC sign an MOU to promote trade...

The Eastern and Southern African Trade and Development Bank (TDB) and the International Islamic Trade Finance Corporation (ITFC), a member…

#IMF#International Islamic Trade Finance Corporation#World Bank


Accelerated Payments partners with Funding Friends

Accelerated Payments is announcing a strategic partnership with UK funding expert… (more…)

#Accelerated Payments

CIT Commercial Services closed three factoring facilities totalling...

First Citizens Bank today announced that its CIT Commercial Services subsidiary, a national leader in factoring, credit protection and accounts…

#CIT Commercial Services

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