The first estimates for the factoring industry worldwide in 2020 have been announced today by the FCI’s Peter Mulroy. Factoring declines were recorded in most regions except Asia Pacific.
African trade finance literature is often trusted by SMEs and usually omits domestic financial institutional challenges, especially in the Francophone markets.
As Africa enters a revolutionary period of intra-continental trade, factoring will be crucial to the growth of MSMEs.
There are several indicators to suggest that commodity markets, especially oil, gas, and metals, will continue to boom over 2021, which will have important implications for Africa’s extractive sectors and trade.
The UK has signed a £1.2bn trade partnership agreement with Ghana promising tariff-free trade. The terms of the economic partnership agreement reinstate the two sides when the UK was part of the EU.
The ECOWAS Bank for Investment and Development (EBID) has granted a 10 million euro credit line to Vista Bank Guinea to support the financing and promotion of SMEs in the Republic of Guinea.
Your Monday morning coffee briefing from TFG. Thousands strike in Myanmar following military coup. South Africa halt rollout of AstraZeneca vaccine over concerns about new strain. Oil prices return to pre-pandemic levels.
In contrast to the stance taken under the Trump administration, the US trade representative’s office has expressed support for Dr Ngozi Okonjo-Iweala
The Virtual World Trade Symposium 2021 got started today. Hosting a wide range of global experts, here are some of the top insights.
The impact of AfCFTA will not just be economic. The free trade agreement will bring long term social and environmental change for the continent.
Contour announces a partnership with TradeSun, to simplify the handling and authentication of paper-based documents into R3 Corda.
Ian Sayers, ITCs Senior Adviser for Access to Financing takes a closer look and explains how they may support ITCs work to improve conditions for the continent’s MSMEs.
The Business Plan outlined new objectives that will allow UKEF to adapt its support for SMEs, help businesses across all the regions of the UK, access UKEF products, and focus its activity on sectors and countries.
TFG heard from BACB’s Jeff Fallon, arguing that deeper Africa-Europe integration will be challenging in the new environment – here’s why.