Kolawole Adeyeye’s Post

Africa needs to tackle the high cost of financing if the continent is to make strides in achieving regional integration. It was a delight speaking to Admassu Tadesse, President, Trade Finance Development Bank for more on why unlocking more trade finance can accelerate the implementation of the AfCFTA

HSBC, IFC sign US$1 billion facility to support trade financing in emerging - https://lnkd.in/g9fSF8VQ HSBC and the International Finance Corporation (IFC) signed a US$1-billion partnership to help banks in emerging markets increase their lending to support trade. The risk-sharing facility between one of Hong Kong's currency-issuing banks and the private sector financing arm of the World Bank will cover

Under the Global Trade Liquidity Program (GTLP) of the World Bank, Singapore-based lender DBS Bank Limited (DBS) and member organization IFC - International Finance Corporation have inked a $500 million facility. The IFC said in a statement on Monday that the facility intends to accelerate economic progress throughout these regions and help bridge the record US$2.5 trillion global trade finance deficit. It also #promotes capital and trade flows in emerging countries throughout Asia, Africa, the Middle East, and Latin America. The facility comprises IFC and DBS pooling the risk equally on a portfolio of trade-related assets up to $500 million, the release says. This improves DBS's ability to better manage risk and facilitate more trade finance, including Letters of Credit, to companies #trading with counterparts in emerging markets with quicker response times. The largest international development organization specializing in emerging market private sector development is IFC. The organization operates in more than 100 nations, generating markets and #opportunities in developing nations with the use of its resources, knowledge, and clout. As economies struggle with the effects of global mounting crises, the IFC committed a record $43.7 billion to private #businesses and financial institutions in developing nations in fiscal year 2023. This move highlights the capacity of the private sector to alleviate extreme poverty and promote shared prosperity. To share your startup story write us on - contact@startuprise.org #businesses #MOU #Funding #promotes #Economy

Excited to continue deepening our relationship with African Development Bank Group as TDB aims to leverage on this agreement to catalyse an estimated $1.8 billion in trade finance across Africa.

𝐈𝐬𝐬𝐮𝐞 𝐢𝐧 𝐟𝐨𝐜𝐮𝐬: The global trade finance gap is growing, worsened recently by macroeconomic stresses, geopolitical tensions and regulatory compliance requirements. In 2022, it reached a record $2.5 trillion, reinforcing a growing global crisis in the ability to finance trade. It is likely that the trade finance gap will widen over the next few years, leading to greater exclusion for developing markets perceived to be high risk. The trade finance gap has a disproportionate impact on small businesses and developing countries. 𝐏𝐫𝐨𝐩𝐨𝐬𝐞𝐝 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬: a) Multilateral Development Banks (MDBs): MDBs play a crucial role in bridging the trust gap and have the potential to transform financial access for businesses in developing countries that face significant credit barriers. b) Microfinance,  that offers small-scale loans and financial services to small businesses, plays a crucial role in bridging this financing gap by increasing access to financial resources required for exporting. Globally, there are over 10,000 microfinance institutions that process more than $120 billion in lending. c) Digital platforms and data Fintech platforms facilitate direct connections between exporters and financiers, eliminating intermediaries and streamlining the trade finance process. This enables businesses to access alternative funding sources when local banks are unable to provide loans URL: https://lnkd.in/diiN4R8e #globaltrade #commoditytrade #tradegap #innovative #smefinance

AfDB Group to extend facilities worth US$ 200mln and ZAR 3.6bln to Standard Bank Group to increase trade in Africa and support SMEs https://lnkd.in/djCmDYVU - The Cooperator News PRETORIA, December 13, 2024 — The Board of Directors of the African Development Bank Group [AfDB] has approved two financial facilities for South-Africa based Standard Bank Group to support economic development in Africa. The first is a US$ 200 million trade finance risk participation agreement [RPA] for Standard Bank of South Africa Limited; the second is a ZAR 3.6 billion investment in a social bond issued by the Standard Bank Group [SBG]. The partnership will bolster Standard Bank Group’s capital, increase support for small and medium-sized enterprises [SMEs] in South Africa and expand trade across the African continent. The social …

The African Development Bank Group has approved two financial facilities for South-Africa based Standard Bank Group to support economic development in Africa: ✅ $200M Risk Participation Agreement to enhance trade finance across Africa, reducing constraints for local banks and promoting intra-African trade. ✅ ZAR 3.6B Social Bond to finance #SME lending under Standard Bank Group’s Sustainable Finance Framework, fostering #financialinclusion in #SouthAfrica. “This partnership reflects our commitment to sustainable growth. By supporting SMEs, we’re building an inclusive and prosperous Africa.” - Solomon Adegbie-Quaynor, VP for Private Sector, Infrastructure, and Industrialisation. Read more: https://bit.ly/3BnMvWK

African Development Bank and Trade and Development Bank (TDB) Group strengthen trade finance partnership through a Trade Finance Unfunded Risk Participation Agreement Read more: https://buff.ly/4imBo0S African Development Bank Group Trade and Development Bank Group - TDB Group #Africa #Banking #Trade #Finance #RiskParticipationAgreement #AfricanInvestmentForum #RegionalIntegration #Partnership

🚀 Empowering Global Trade with Financial Confidence 🌍 Are you ready to take your business to the next level? At Trade Finance Company (TFC), we’re not just a partner – we’re the direct issuers of the financial instruments you need to succeed in today’s competitive global market. 🌟 Who We Are With a solid presence across the USA, UK, Malaysia, Hong Kong, UAE, and more, we’ve successfully executed 40,000+ international transactions in over 100 countries. And we’re not stopping there – expansion into Indonesia, Vietnam, Cambodia, and Africa is on the horizon! 📊 What We Offer We specialize in unsecured financial instruments, including: Letters of Credit (LCs) Standby Letters of Credit (SBLCs) Bank Guarantees (BGs) Our instruments are trusted by leading banks like HSBC, Standard Chartered, and Commerzbank, enabling seamless global trade for businesses like yours. 💡 Why Choose Us? We’re Principals, Not Brokers: Unlike intermediaries, we issue directly using our own credit lines. Tailored Solutions: Minimum transaction sizes start at $250,000 (LCs) and $500,000 (SBLCs/BGs), with no maximum limit. Competitive Rates: Transparent fees ranging from 1% to 7%. Ethical & Responsible: We do not monetize financial instruments or deal with UN-sanctioned countries. 💼 Your Success, Our Commitment Whether you’re an importer, exporter, or a financial institution, we provide the financial tools to transform challenges into opportunities. Backed by unmatched expertise and global reach, we ensure your trade transactions are supported with confidence and ease. Let’s unlock the future of trade finance together. Get in touch today! 🌐 Visit us: https://lnkd.in/exMh_AJj 📩 Email: oluwatosin@tradefinancecompany.com 💬 Have questions? Drop us a message – we’re here to help! #TradeFinance #GlobalTrade #FinancialInstruments #BusinessGrowth #LettersOfCredit #BankGuarantees #SBLCs

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