GTR Africa - Trade and export finance conference’s Post

Reliable access to trade finance liquidity is crucial for African trade, yet limited capital pools and weak connections to global banking often restrict local lender capacity. Insufficient access to global credit lines, correspondent banks, and foreign exchange reserves complicates trade finance., however increased collaboration and improved regulatory compliance may help overcome these barriers and enhance local lending capacity. This panel at #GTRAfrica in #London will consider how African banks and their global banking partners can improve trade finance capabilities and support Africa’s capacity for lending. Our expert speakers will look at bank de-risking, risk-sharing with global #FIs, #DFIs and #multilaterals, and the technical knowledge improvements that can be made across local banks. How DFI’s can further build an intra-African approach to develop technical knowledge will also be discussed, and the changes required from global financiers to unlock their risk appetite for African lending. 🎤 Natalia Andrew (Zenith Bank Plc (UK) 🎤 Enga Kameni Ph.D (African Export-Import Bank (Afreximbank)) 🎤 Clarine Stenfert (Multilateral Investment Guarantee Agency (MIGA) 🎤 Rima KALAI (ATF Finance Ltd) 🎤 Tim Bescoby (British International Investment (BII)   Connect with the key players shaping the future of African #trade and #exports on November 14. 📅 Secure your booking today to avoid missing out: https://lnkd.in/df6hRHCp #GTRAfrica #TradeFinance #ExportFinance #InfrastructureFinance #LiquidityAccess #FinancialInclusion

BoN at advanced stage to implement countercyclical capital buffer The Macroprudential Oversight Committee (MOC) of the Bank of Namibia is at an advanced stage of implementing the countercyclical capital buffer (CCyB) as an additional macroprudential tool to strengthen the banking sector’s resilience. BoN Deputy Governor Leonie Dunn said the CCyB is a macroprudential policy instrument that serves as a measure of protection for the banking sector against the build-up of systemic risks associated with periods of excessive aggregate credit growth. https://lnkd.in/duruQxQM #namibia #banking #economy #capital #credit

Great news! Afreximbank's Long-Term Issuer Default Rating (IDR) has been affirmed at ‘BBB’ with a Stable Outlook by Fitch Ratings. This reflects our strong profile and growing importance to Africa. Our capital and liquidity positions remain robust, supported by a General Capital Increase initiative that raised $2.1 billion since 2021. Fitch also acknowledged the Bank’s strong capitalisation and liquidity position evidenced by its ‘excellent’ internal capital generation where the Bank was benefiting from ongoing shareholder support through the AU-initiated General Capital Increase (GCI) under the Bank’s current Strategic Plan (Plan VI), through which the Bank aims to raise US$2.6 billion in paid-in capital. Reacting to the reaffirmation of the Bank’s rating, Denys Denya, Afreximbank Group Senior Executive Vice President, highlighted “The Bank and its subsidiaries continue to play a pivotal role in facilitating trade and investment across its Member States. Together with the robust relationships it enjoys, the Bank has become integral to the achievement of the AU’s key strategic economic programmes and initiatives on the continent and in the Diaspora, including the implementation of the African Continental Free Trade Agreement (AfCFTA) and the management of the AfCFTA Adjustment Fund.” Read more here: https://lnkd.in/gBkrKCCb #Afreximbank #FitchRatings #EconomicGrowth #AU #AfCFTA

Even Better! TCX covers over 100 emerging and frontier market currencies, so Ruurd Brouwer can also share our experience in investing in the Middle East, North Africa, Asia and Latin America. Looking forward to see you at the #globalwealthconference #developmentfinance #sdgs #innovation

Congratulations to Adama Coulibaly of Côte d'Ivoire’s Ministry of Economy and Finance for the successful issuance of its two Eurobonds. The USD1.1bn tranche was Côte d'Ivoire’s inaugural sustainable bond and has a tenor of 8.5-years and a coupon of 7.625%. The USD1.5bn tranche has a tenor of 12.5-years and a coupon of 8.25%. These two Eurobonds from Côte d'Ivoire win the CMDportal TopDeal accolade because the bonds successfully reopened the sub-Saharan bond market after no issuance from a State in the region in nearly 2 years. The bonds also had an impressive USD8bn orderbook which was the largest orderbook by a sovereign West African issuer ever. We equally congratulate Hussain Zaidi of Standard Chartered Bank, Alexander Karolev of J.P. Morgan, Alexis Taffin de Tilques and Matt Doherty of BNP Paribas, and Ousseynou Diagne, Yannick Derant Lakoue and Yury Kiselev of Societe Generale, as well as the teams at Citi and Deutsche Bank for this excellent execution.   Click on the link below to read the full TopDeal reasoning and deal statement with commentary. https://lnkd.in/eWeJdAXN   #capitalmarkets #fixedincome #debtcapitalmarkets #bondmarkets #sustainableinvesting #ESG Baiju Ganatra Alice Wilson Francesca Canovi Marium Zaidi Paul de Beaumont Iwona Cygan Joelle El Asmar Nathalie Naffi (née Farah) Jean-Christophe Magdelaine Laurent Leveque Constance Chalchat Agnes Gourc Gemma Bedford Victor Villemann Trang Nguyen

An orderly transition to a low-carbon economy is crucial for maintaining financial and social stability in South Africa. Understanding related transition risks for the banking sector, monitoring them and, when necessary, implementing macroprudential measures is necessary to ensure this stability. CEP Senior Fellow Pierre Monnin together with Ayanda Sikhosana and Kerschyl Singh - South African Reserve Bank, take a step in this direction by assessing the main transition risks for the South African banking sector, highlighting that they are material and widespread, and outlining macroprudential policy options to address them. #SouthAfrica #FinancialStability #MacroprudentialPolicy #ClimateRisks https://lnkd.in/dbQMZW99

ICIEC supports Trade Finance in Africa with #ITFC and #Afreximbank   ICIEC, in collaboration with ITFC and Afreximbank, is enabling robust trade finance transactions for African partners through comprehensive risk mitigation tools.   Key Activities:  Insurance coverage has been provided to both Afreximbank and ITFC syndications. Support for trade finance facilities extended by Afreximbank and ITFC to banks in #Africa.   #ICIECImpact #EconomicDevelopment #RiskMitigation #AATB

#CNVERGE is GHIB's thought-impact conference focusing on international trade finance, correspondent banking, cross-border payments, and treasury—specifically for Africa. The conference will feature bankers, regulators, experts, and other key voices in African Trade Banking. Our premise is simple and built on an abiding rationale we have held since our foundation in 1959: the risk/opportunity interplay for Africa can be prudently managed and leveraged through London, leading to development and profit for and in Africa. Let’s #CNVERGE to unlock new opportunities together!

N$3.37 billion credit extended over the past year Over the last twelve months, N$3.37 billion worth of credit was extended, nearly double the amount issued during the same period a year prior, data from IJG Securities shows. Individuals accounted for N$1.90 billion of the credit uptake, while corporations took up N$1.47 billion. This comes as private sector credit (PSCE) grew by 0.6% m/m or N$650.5 million, resulting in an annual growth rate of 3.0% at the end of September 2024. https://lnkd.in/dUCMFsEC #namibia #credit #banks #debt Bank of Namibia Bankers Association of Namibia

In 2021, Santander bank coordinated a $1bn bond for Peru’s national oil company, PetroPerú, despite having a public green policy. Last year, the Forest Peoples Programme brought leaders from affected Indigenous communities to the UK parliament. There, they urged lawmakers to ban international banks from supporting Amazon oil – a crucial step towards not letting corporations get away with destroying the environment. Read the rest of this week’s edition of The Spark – a weekly newsletter focusing on the positive impact of journalism across the globe – here 🔗 https://bit.ly/3PBR17j #BigOil #banks #greenfinance #Santander #Peru #UKparliament