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Absa has successfully secured a US$150m facility from British International Investment (BII) plc as part of its mission to help close the trade finance gap in Africa. BII is the UK’s Development Finance Institution (DFI) and impact investor, focused on...
#ABSA#BII#sustainability
Japanese banking institution Sumitomo Mitsui Banking Corporation (SMBC) has announced the establishment of a new division within its Global Trade…
#digitisation#Managerial Appointment#SMBC
The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB), reaffirmed its commitment to support…
#International Islamic Trade Finance Corporation#IsDB#Islamic Development Bank
DocuTrade, a platform developed by Yodaplus Technologies, India (Yodaplus), has successfully carried out a trade finance pilot transaction, marking a…
#blockchain#DocuTrade#electronic documents
Surecomp today announced that a host of leading trade finance banks have recently joined its RIVO™ ecosystem. Crédit Agricole CIB…
#Crédit Agricole CIB#Danske Bank#Mizuho
HSBC is looking to enhance its trade financing options for businesses on e-commerce platforms in mainland China and Hong Kong,…
#digital trade finance#Dowsure#e-commerce
The Bank for International Settlements (BIS) announced the launch of Project Aperta, an initiative aimed at reducing frictions and costs…
#BIS#digitalisation#digitisation
The International Chamber of Commerce (ICC) has introduced the Principles for Sustainable Trade Finance (PSTF) during Sibos 2024 in Beijing.…
#ICC#supply chain finance#sustainability
Enterprise Singapore (EnterpriseSG) has teamed up with Credit Europe Bank N.V. (CEB) to enhance financing options for Singapore companies expanding…
#CEB#EnterpriseSG#trade finance
The Board of Directors of the African Development Bank Group(AfDB) has approved a trade finance facility of €70m for Bank…
#Achraf Hassan Tarsim#African Development Bank#Ahmed Attout
IFC, a member of the World Bank Group, recently announced that Banco Safra has joined IFC's Global Trade Finance Programme…
#Banco Safra Global Trade finance programme#Helena de la Torre#IFC
IFC, a member of the World Bank Group, and Absa Group Limited, a South Africa based bank, acting through its…
#ABSA#IFC#trade finance
The Board of Directors of the African Development Bank Group (ADB) has approved a trade finance facility of €70m for…
#ADB#BOA#SME financing