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The European Bank for Reconstruction and Development and Co-operative Bank of Kenya have executed a US$50m cross-currency swap in the first transaction to use Kenya’s new KESONIA reference rate, creating additional infrastructure for local-currency corporate financing. The agreement, equivalent to...
#Co-operative Bank of Kenya#cross-currency swap#EBRD
Standard Chartered has modelled a potential US$2.8tn uplift to annual global trade by 2031 if companies accelerate digitalisation and artificial-intelligence…
#AI#digitalisation#Future of Trade
UK SMEs trading internationally are warning of severe financial pressure as disruption linked to the Iran war drives up logistics,…
#FX risk#Iran war#sme finance