To kick off TFG’s Women in Trade, Treasury & Payments 2024 campaign, TFG spoke to Absa’s Michelle Knowles about her experiences in the industry.
Europe remains one of the most important continents for African trade, but recent years have seen a decline relative to other regions, with a notable uptick in flows from China and MEA regions.
In the wake of the pandemic, the global economy has seen a confluence of challenges, including geopolitical risks, interest rate changes, and commodity price fluctuations.
It is often debated whether the reported existing trade finance gap, which over the last 3 years has oscillated between $100 billion and $120 billion, will diminish or whether the nature of illiquid, growth-focused, emerging market economies means that the gap will never truly close.