TFG heard from Theo Cooke, Engagement Manager at Orbitt Capital on the state of the African trade finance gap.
Technology is widely used to support the internal trade finance processes of African banks, DFIs and alternative lenders. The digital tools that they deploy range from Microsoft’s basic suite of programs to the more sophisticated systems such as Ecobank’s OMNI eFSC (Electronic Financial Supply Chain) software. However, these solutions exist in silos with disjointed usage and application.