GTR Africa - Trade and export finance conference’s Post

Accessible #workingcapital and trade credit liquidity is essential for African #SMEs and corporates, however with the continent’s trade finance gap growing, the supply of adequate resources is often in short supply. In a trade climate marked by volatility of currency rates, borrowing costs and hard currency, the need for quick and available credit services is key to meeting Africa’s domestic and global trade needs. This expert-led session will examine the solutions to address the trade finance gap and unlock working capital that meets African export needs, such as leveraging global capital pools to improve foreign currency access for SMEs, and developing open account products to overcome structural barriers in invoice and receivables finance. Priorities for leveraging cash flow and payment cycle solutions like supply chain finance and factoring will also be considered, as well as navigating legal and regulatory challenges and expanding digital credit solutions through collaboration between local banks and #FinTech’s, helping deliver innovation in payments and financing. Featured speakers: 📢 Florian Wicht (International Finance Corporation (IFC) 📢 George Wilson (Investec) 📢 Kuben Pillay (Absa Corporate & Investment Bank) 📢 Bob Blower (CertiQi) 📢 Nathalie Louat (International Finance Corporation (IFC) 📢 Sam West (Africa Global Trade Finance)   Join us in #London on November 14 for #GTRAfrica, the premier event in the #UK showcasing industry leading insights into the latest trends and developments in African trade and exports. 👉 Secure your place at https://lnkd.in/df6hRHCp or contact bookings@gtreview.com for more information. #GTRAfrica #TradeFinance #ExportFinance #InfrastrcutureFinance

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

We’re pleased to announce a $100 million finance facility with the Eastern and Southern African Trade and Development Bank Group - TDB Group to support essential trade finance activities, agricultural development and food security in Africa.   The trade finance gap in Africa is estimated to be $80-$120 billion with many African economies facing various economic challenges and barriers to trade. Our investment will improve access to trade finance which will facilitate increased cross-border trade and contribute to food security. It will also stimulate job creation, economic growth and resilience in Africa. Foreign, Commonwealth and Development Office, Seema Dhanani, CFA, Ndaba Mpofu, Thomas Girod, Hannah Sibanda, Christopher Rowbottom, FRANCK MICHAEL THIAM, Freddie Tucker, Charles Hare, Ben Sidwell, Katharine Tengtio, Gina Edmonds, 'Banji Jackson-Oke, Natasha Kate Ward,

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

Did you know that…The origins of Structured Trade Finance started in the mid-1980s when the debt crisis made many international banks cut their credit lines to Africa countries. According to the president of the AFREXIMBANK, Prof. Benedict Oramah, in his book titled Foundations of Structured Trade Finance, the STF is reputed to have been pioneered in Africa by Bankers Trust Company, a US investment bank. At that time, many international banks were unwilling to take any new exposure on Africa. The usual corporate finance to trading companies that made it possible for those companies to extend credit to African exporters and importers had disappeared just as many of those trading companies were going out of business due to the difficult economic conditions. The clean credit lines that international banks provided to sovereigns and local African banks were also withdrawn and/or cancelled. The consequence of the drastic cuts in trade financing on African economies made the 1980s the worst decade since most countries in the continent gained their independence in the early 1960s.

Trade is not only a catalyst but also a remedy for economic growth, and trade finance the oil that facilitates cross-border and international trade. In the context of Africa, the importance of ensuring affordable and accessible trade finance for MSMEs cannot be overstated. Empowering MSMEs in trade finance is an important part of the work we do at Amila Africa. Here is how: 1. Structuring and facilitating trade finance transactions. 2. Building capacity and financial literacy through education and training programs. 3. Researching and advocating for alternative financing mechanisms. 4. Fostering collaboration between financial institutions for tailored solutions.

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

📢 We are thrilled to partner with the Asian Development Bank (ADB) to support trade finance for importers and exporters in key emerging and frontier markets in Asia Pacific. 🌏 As part of this agreement, ADB will participate in a portfolio of short-term revolving trade finance transactions with exposures on financial institutions in Asia Pacific, originated by Deutsche Bank. This initiative will help inject USD 500 million annually into the trade ecosystem, directly supporting importers and exporters in the region. 🗨️ “This partnership with Deutsche Bank underscores our commitment to expanding trade finance solutions in some of the most underserved markets,” said Steven Beck, Director of ADB’s Trade & Supply Chain Finance Programme. “Our joint efforts will create more opportunities for SMEs in these regions, fostering job creation and economic development.” This is a continuation of the partnership initiative we launched with the ADB last year that aims to increase accessibility to supply chain financing for small and medium-sized enterprises in the Asia Pacific region. 🤝 🗨️ “Deutsche Bank’s expanded collaboration with ADB reflects a shared vision to accelerate trade flow and support the rising demand for trade finance across developed, emerging, and frontier markets,” said Atul Jain, Global Co-Head of Trade Finance and Lending #GlobalHausbank #AsiaPacific #Trade #TradeFinance Deutsche Bank Corporate Bank Oliver Resovac Guenther Poettler Matthew Moodey Anand Jha