The African Export-Import Bank (Afreximbank) is setting up an East Africa branch office in Kampala, Uganda – its first in the region – which will be open for business in October and formally launched in November. A spokesperson for Afreximbank tells GTR that the new branch office will be headed up by
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Standard Bank launches syndicated loan to fund trade finance activities
Standard Bank has launched a US$500mn syndicated loan facility for activities including trade finance. The loan, which will have a 36-month tenor, will be used for general corporate purposes including trade finance and be launched to a selected group of international financial institutions, who have not been named. Citi, Industrial
Japan’s ECA enters partnerships, opens Nairobi desk to drive Africa trade
Nippon Export and Investment Insurance (Nexi), Japan’s export credit agency, has inked partnership agreements with three international financial institutions to accelerate trade and investment in Africa by Japanese companies. The deals were struck with the Islamic Development Bank (IsDB), Islamic Corporation for the Insurance of Investments and Export Credit (ICIEC)
Why Africa’s Industrialization Won’t Look Like China’s
China designed and executed a policy that shrank the industrialization process in a mere 25 years — something that many economies took at least a century to do. That redesign has brought immense dislocation in global commerce and industry, enabling China to become one of the world’s leading economies. China’s success has led
Exclusive: How new Trade Information Portal plans to plug Africa’s data and finance gap
The African Export-Import Bank (Afreximbank) is building an online repository of information products for importers and exporters looking to access African markets or expand existing operations across the continent. The bank’s ambition for the Trade Information Portal (TIP) is for it to evolve into the “single authoritative reference point” for
AfCFTA Set To Launch But Will Face Major Challenges
Key View – At Fitch Solutions we expect continued progress towards ratification of the African Continental Free Trade Area (AfCFTA), potentially one of the world’s largest free-trade areas. – The threshold for the trade area to come into effect—that is, ratification of the AfCFTA agreement by the parliaments of at
African public procurement heads embrace the digital revolution
Thirteen heads of Public Procurement Regulatory Authorities from Africa have committed to using innovative technologies to enhance public procurement processes in their respective countries. The Digital Revolution in Public Procurement declaration was signed following a two-day Global Public Procurement Conference held in Washington DC from 18-19 September. According to a statement
