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Africa Finance Corporation (AFC) has announced the successful signing of a US$300m loan facility agreement with the Export-Import Bank of China (CEXIM). This landmark agreement, signed on the sidelines of the Asian Infrastructure Investment Bank (AIIB) Annual meetings in Egypt, is poised to drive increased trade finance and investment across the African continent, fostering economic growth and development.
29/09/2023
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The post-pandemic period has led to an economic recovery worldwide, which began to be evident at the end of 2021 showing above average growth of GDP, due to the increase in consumer and business demand that was generated after the prolonged series of lockdowns, said Jose Mario Escudero, CCO, Latam Trade Capital Peru in his article included in the most recent edition of the
29/09/2023
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RBB Bancorp announced that, effective September 28, 2023, Gateway Bank, F.S.B. announced that it and RBB Bancorp have mutually agreed to terminate the definitive agreement originally entered into on December 28, 2021.Neither party has or will have any liability or pay any penalty to the other party as a result of the termination, and each party has released the other from any and all claims related to the definitive agreement or the transactions contemplated by the definitive agreement.About RBB Bancorp:
29/09/2023
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Trade credit insurance is globally recognised by banks as an important risk mitigator, especially in Europe where we find the longest tradition of using trade credit insurance as a key mitigator for credit solutions to foster finance to the real economy.
29/09/2023
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The digitalisation of trade and finance systems is set to revolutionise the fight against trade fraud across the globe, a new report from the German chapter of the International Chamber of Commerce, ICC Germany, and financial technology provider MonetaGo, has stated.
28/09/2023
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● As the Party Conference season kicks off, new data commissioned by SME funder, Bibby Financial Services (BFS), finds that confidence in UK political parties is low amongst SMEs with nearly one in four (22 per cent) unable to identify the political party that best serves their needs.● And there’s a clear shift to the left with one in three (33 per cent) SMEs saying that the Labour Party best serves their needs, compared to just one in four (26 per cent) choosing the Conservative Party.
28/09/2023
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Triterras, Inc. (Triterras) a leading fintech company focused on trade and trade finance, announces the hiring of two new members to the Distribution team. Marina Golubeva and Ali Rakib will engage with institutional investors who are interested in deploying capital for cross-border trade finance opportunities. Marina and Ali will report to Marina Narganes, Head of Distribution & Sales Strategy.
28/09/2023
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Confidence in the asset-based lending market in the second quarter was driven by hopes of a soft landing for the U.S. economy, according to data released by the Secured Finance Network (SFNet). But lingering headwinds and recession risks still must be taken seriously.
27/09/2023
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Umpqua Bank, a subsidiary of Columbia Banking System Inc., today announced the findings of its 6th annual Business Barometer ― an in-depth study of the mood, mindset, and strategic priorities of 1,250 leaders of small and midsize businesses across the US. While concerns about the direction of the economy persist, business optimism is rising, and expectations for revenue and profitability are increasing.
27/09/2023
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Renaissance Asset Finance, a subsidiary of the private and commercial bank, Arbuthnot Latham, has confirmed their support for the specialist SME lender, One Stop Business Finance, with the completion of a block discounting facility. The revolving credit facility, which was completed in August, backs the Group with £5m to help them achieve their ambitious growth objectives.
27/09/2023
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Dominic Broom, SVP Working Capital Technology, Arqit, and Markus Wohlgeschaffen, Managing Director, Traxpay, explain why the UK’s new Electronic Trade Documents Act (ETDA) marks an inflection point for global trade, allowing funding to be based on a supply chain’s strongest link, and driving opportunities for businesses across the supply chain.
27/09/2023
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Pulse Cashflow Finance, the specialist provider of invoice finance to UK businesses has promoted Neil Minton to the role of Head of Factoring Services.
27/09/2023
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Funding Societies | Modalku, the largest unified SME digital finance platform in Southeast Asia, announced it has successfully raised debt of US$27m led by Asia-focused private credit financier AlteriQ Global, with multi-family office Aument Capital Partners (ACP), and sustainability-focused fund Orange Bloom who also invested in this debt funding round.
26/09/2023
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The Bank of England plans to push the implementation date for the final Basel 3 rules back by six months to July 2025, bringing the UK’s timeline in step with the approach of the US.
26/09/2023
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ICBC China’s biggest bank and e-commerce giant JD.com have worked together to develop a supply chain finance solution based on digital RMB smart contracts. This marks one of the first business applications of smart contracts for central bank digital currency (CBDC) payments.
26/09/2023
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