GTR Africa - Trade and export finance conference’s Post

To support financing for importers and exporters in Africa, especially in fragile and conflict-affected states, IFC - International Finance Corporation has partnered with Deutsche Bank to establish a €215 million risk-sharing facility. In 2022, #Africa's trade in goods and services amounted to $1.1 trillion, 54% of its GDP. Yet African banks face cashflow challenges that limit trade finance availability. The facility aims to maintain #tradefinance in African countries even as many global banks reduce their involvement. IFC will share risks on Deutsche Bank's trade transactions with 40 issuing banks in 18 African countries. The project, part of the IFC Africa #Trade and #SupplyChain Recovery Initiative, is expected to encourage other financial institutions to support trade finance, promoting economic #growth and job creation across the continent. Article from Trade Finance Global (TFG). Read more at the link below. Follow GTR Ventures now for more curated insights! Borislav Ivanov-Blankenburg Mohamed Gouled https://lnkd.in/gb_pK4YK

🌍 New €215m facility by IFC - International Finance Corporation, Deutsche Bank aims to enhance trade in Africa 🤝 To assist in providing essential financing for importers and exporters of crucial goods in Africa, particularly in smaller, fragile, and conflict-affected states, IFC has established a risk-sharing facility with Deutsche Bank worth up to €215 million. 🗣️ “IFC’s risk participation with Deutsche Bank leverages our issuing bank network to enable trade flows in Africa with our Global Hausbank clients and echoes a shared commitment to ongoing economic growth in emerging markets,” stated Borislav Ivanov-Blankenburg, Global Head of Documentary Trade Finance for Deutsche Bank. 📖 Read the news by following the link in the comments section below ⬇️ #tradefinance #internationaltrade #Africa

The Impact of Trade Finance in Africa Trade finance is revolutionizing the banking landscape in Africa, offering unparalleled opportunities for economic growth and business expansion. As collateralized lending becomes less prevalent, banks are increasingly focusing on structuring trade finance contracts that provide tailored solutions to meet the specific needs of African businesses. This shift not only enhances financial accessibility but also mitigates risks and fosters a more robust trading environment. International correspondent banks are crucial in this transformative journey. By establishing reliable lines of trade with local African banks, they are opening doors to major international trade routes, facilitating smoother and more secure transactions. This collaboration is essential for integrating African businesses into the global market, promoting sustainable economic development, and driving the continent's economic prosperity. #TradeFinance

𝗔𝗡𝗔 𝗕𝗥𝗘𝗔𝗞 𝗡𝗘𝗪𝗦 Visit our website and read our hourly news briefs to keep up with the latest news from the continent. IFC - International Finance Corporation #IFC #Ecobank #tradefinance #Africa #economicdevelopment

Global surveys show that, while around 30% of international trade finance goes to SMEs, the finance rejection rate is higher than for any other type of company (World Trade Organization). So why is trade finance and factoring lending so vital to SMEs and MSMEs? In #Africa, factoring volumes have experienced a significant rise over the past decade, rising from approximately $22 billion to $42 billion, showing this as a core mechanism for financing. 'Bridging the gap: The transformative potential of factoring in Africa', an article published earlier this year from a conversation between Idrissa DIOP, Compliance Director, African Export-Import Bank (Afreximbank), Peter Mulroy, former Secretary General, FCI , and Neil Shonhard, CEO, MonetaGo, and looks at this topic with a view on data sharing, investing in technology, and the future of factoring for the continent. Read the full article, free, via the link in comments below. #tradefinance #globaltrade #SME #factoring #fraudprevention

Access Bank’s Africa Trade Conference: A Game-Changer for African Trade & Investment Africa’s trade and investment landscape is set for a major transformation as Access Bank Plc gears up for its first-ever Africa Trade Conference (ATC) on March 12, 2025, in Cape Town, South Africa. What to Expect: ·        High-level discussions on trade finance, innovation & sustainability ·        Focus on AfCFTA & unlocking Africa’s $81 billion trade finance gap ·        Participation from top global investors, policymakers & financial institutions ·        Strategic partnership opportunities for African businesses “The Africa Trade Conference represents a crucial step in redefining Africa’s trade potential,” says Mr. Roosevelt Ogbonna, GMD/CEO, Access Bank. As Access Bank drives Africa’s integration into global markets, investors and business leaders cannot afford to miss this platform for shaping the future of trade finance. Read More: https://lnkd.in/girYmGUW #AccessBankATC2025 #AfricaTrade #Finance #Sustainability #AfCFTA #ESG #TradeFinance

IFC Recognizes Dashen Bank as Outstanding Global Trade Finance Program Issuing Bank The IFC - International Finance Corporation, the private sector arm of the World Bank Group, has given recognition to Dashen Bank SC, with an award dubbed “outstanding global trade finance program issuing bank”. The announcement and award were held at the 8th annual conference held in Barcelona, Spain. On another note, Dashen Bank has solidified its partnership with the IFC through a newly inked cooperation agreement, aimed at bolstering the bank's capacity to enhance its strategic exposure in the micro, small, and medium enterprises (MSMEs) and thereby attend access to finance agenda in a deliberate and objective models and framework. The cooperation agreement, signed between Dashen Bank and IFC in Kigali , Ruwanda at the 7th African CEO Forum will also make women-owned MSMEs  and agri-businesses a beneficiary and thereby advancing financial inclusion and access to finance initiatives of the Bank. IFC Africa #Ethiopia #DashenBank #MSME

Standard Bank is proud to sponsor GTR Africa London 2024. Export Credit Agency Finance is an important means to finance infrastructure and energy across sub-saharan Africa, and the recent developments around ECA product innovation and flexibility are really positive. We look forward to engaging discussions on these developments, and to hearing Greg Fyfe's views in his panel on ‘A trajectory for export credit deals and the impact of OECD reform on demand’.   Global Trade Review (GTR) Standard Bank Corporate and Investment Banking

🔴 In a move to bolster Africa’s private sector and enhance intra-continental trade, the African Development Bank (AfDB) and Bank of Africa (BOA) signed a €50 million risk-sharing agreement on Wednesday in Rabat. The partnership was formalized during the Africa Investment Forum (AIF), a pivotal event running until December 6.

What are the opportunities and developments in the African trade finance market despite its challenges? ....despite its apparent problems, the African trade finance market presents many new and exciting opportunities. With the advent of the AfCFTA, a stable economic foundation is forming which promotes the growth of intra-African trade. This increased inter-regional trade of African businesses will be carried out on platforms such as ATEX, which operate as digital networks for trading while offering helpful trade financing solutions. Afreximbank also plays a crucial role in financing international trade by mobilising and allocating vital resources for its member countries... Read more: https://lnkd.in/gJiug4H4 #AfricanTradeFinance #AfCFTA #IntraAfricanTrade #TradeFinanceSolutions #ATEXAfrica #Afreximbank #DigitalTradePlatforms #EconomicGrowthAfrica #TradeFinance #AfricanEconomy #BusinessInAfrica #ECommerceAfrica #InternationalTrade #TradeOpportunities #FinanceInAfrica #AfricanSMEs #SupplyChainOptimization #TradeInnovation #EconomicDevelopment #TradeFacilitation