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To address Africa’s persistent reliance on imported refined petroleum products, which accounted for an amount of US$30bn annually in petroleum import costs due to inadequate refining, African Export-Import Bank (Afreximbank) has launched a US$3bn revolving Intra-African oil trade financing programme...
#Afreximbank#Benedict Oramah#Intra-African Oil Import Financing Programme
In order to support trade finance activities in Ethiopia, African Development Bank (AfDB) has approved a US$40m transaction guarantee facility…
#African Development Bank#Dashen Bank#guarantee
Contour, the leading digital trade finance network, announced today that South Korea’s largest trading company, POSCO International, is joining its…
#Contour#Letters of Credit
Japan’s Sumitomo Mitsui Banking Corporation (SMBC) has become the latest institution to join... (more…)
#Contour#Letters of Credit#SMBC
On 21 January 2021, the Office of the National Superintendent for Banking Sector... (more…)
#bank#guarantees#invoice
Ferrellgas Partners increased its accounts receivable facility securitization from... (more…)
#bank#capital requirements#Letters of Credit
FCI has announced that MFC Merchant Bank Ltd has joined as its latest Member (more…)
#bank#financial services#guarantees
Financial IT services provider announces Aquarius 4.05 (more…)
#banks#Letters of Credit#purchase order
Ameriabank posts 66 per cent annual increase of factoring volume in 2013. (more…)
#bank#guarantees#leasing
DS-Concept Factoring agrees several big deals around the world (more…)
#international#Letters of Credit#Produce
Standard Chartered latest to announce Islamic finance expansion (more…)
#bank#banks#investments
Renminbi use in traditional trade finance – letters of credit and collections – grew from 1.89pc in January 2012 to…
#exporters#Letters of Credit#trade
FIMBank, the Malta-based trade finance specialist, has signed a documentary credit insurance policy with the Islamic Corporation for the Insurance…
#letter of Credit#Letters of Credit#political risks