Fintech Association Of Kenya’s Post

- The African Development Bank Group has approved a $150 million Trade Finance Unfunded Risk Participation Agreement facility with Trade & Development Bank (TDB). - The agreement aims to boost intra-Africa trade, promote regional integration, and contribute to reducing the trade finance gap in Africa, aligning with the goals of the African Continental Free Trade Area (AfCFTA). - The facility is expected to support approximately $1.8 billion of trade over the next three years. To know more, read the full article on #theenterprise #AfricanDevelopmentBank #TradeFinance #AfCFTA #RegionalIntegration #EconomicDevelopment #globalbusiness #theenterprisenews #followformore #global #finance

AfDB Approves EUR 70 M Trade Finance Facility for Bank of Africa Morocco The African Development Bank Group's Board of Directors has approved a EUR 70 M trade finance facility for the Bank of Africa Morocco (BOA). This facility includes a EUR 50 M Risk Participation Agreement (RPA) and a EUR 20 M Trade Finance Line of Credit (TFLOC). This initiative aims to boost access to trade finance for SMEs, especially in sectors like health, agriculture, and automotive industries, with a focus on Morocco and broader African regions. This collaboration is expected to support BOA in helping local banks across Africa in their international transactions and provide a solution to the decline in financing from foreign counterparts. The TFLOC will specifically enhance Moroccan SMEs' ability to engage in international trade, promoting economic growth. This partnership aims to promote access to trade finance, particularly for SMEs in transition states across Africa. #TradeFinance #AfricanDevelopmentBank #BankofAfrica #FinanceForSMEs #IntraAfricanTrade #EconomicGrowth #FinancialInclusion #Morocco

Here is an important discourse next week Sep 10 on Trade Finance.

Interesting webinar Shylet Makumbe-Nyabeze Dr Mpafya Mutapa FZiCA, FCMA, CSCA Disseminate to trapca Alumni and other parties interested in Trade Finance who may find it beneficial.

Trade finance is crucial to the success of developing economies. Coris Bank International Côte D'Ivoire plays a significant rôle in Trade Gap reduction in Africa next to IFC - International Finance Corporation. #IFC20YearsinTrade

Discover how IFC - International Finance Corporation supports trade banks, helps them de-risk and advance their expansion strategy. We heard from Jean Baptiste Kouame, Deputy Managing Director of Coris Bank International Côte D'Ivoire. #IFC20YearsinTrade

The Board of Directors of the African Development Bank Group has agreed to an intra-Africa Trade Finance Unfunded Risk Participation Agreement worth $150 million. This partnership involves the African Development Bank Group and (Trade and Development Bank Group - TDB Group ). Its aim is to increase intra-Africa #trade within #Africa, improve regional connections, and narrow the trade finance gap across the continent. This effort aligns with the goals of the (African Continental Free Trade Area (AfCFTA) Secretariat ). #Partnerships #trade #africa #Emergingbrandafrica https://lnkd.in/djt7PrqK

The African Development Bank (AfDB) and Banque Centrale Populaire - BCP have entered into a landmark $70 million risk-sharing agreement (RSA) aimed at invigorating private sector financing and enhancing trade across Africa. This significant agreement allocates an overall risk limit to local African banks, bolstering their ability to support economic activities on the continent. The collaboration between #AfDB and BCP is set to enhance financial inclusion for economic operators, with a special focus on small and medium-sized enterprises (SMEs). By consolidating the foreign trade capacities of these enterprises, the initiative is projected to catalyze approximately €200 million in trade.

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

Afreximbank Secured $350 Million in Funding from Islamic Finance Institutions. During the 2024 Islamic Development Bank Group Annual Meetings, the African Export-Import Bank (Afreximbank) secured financing agreements totaling $350 million with the International Islamic Trade Finance Corporation (ITFC) and the Islamic Corporation for the Development of the Private Sector (ICD). Afreximbank will receive $250 million from ITFC for Sharia-compliant syndicated trade financing and $100 million from ICD to support its private sector interventions, particularly targeting enterprises that impact development in their member states. These agreements, affirmed at the signing ceremony by Afreximbank’s President, Prof. Benedict Oramah, enhance the bank's ability to promote industrialization, export development, and the implementation of the African Continental Free Trade Area (AfCFTA). The partnerships are part of the Arab Africa Trade Bridges (AATB) Programme, aimed at enhancing south-to-south trade between African and Arab countries to advance regional socio-economic prosperity and sustainable development. #Afreximbank #IslamicFinance #TradeFinancing #AfCFTA #AATB #EconomicDevelopment #ShariaCompliant #AfricanTrade #Industrialization Photo: President and Chairman of the Board of Directors of Afreximbank, Prof. Benedict Oramah(Left), with Chief Executive Officer, ITFC & Acting Chief Executive Officer of ICD, Eng. Hani Salem Sonbol.