The Board of Directors of the African Development Bank (ADB) has approved a $10 million trade finance Transaction Guarantee (TG) to Banco Fomento de Angola S.A. (BFA). Leveraging BFA’s strategic footprint in Angola, this guarantee will provide support to small and medium sized enterprises (SMEs), including women-led businesses. The move will facilitate the import and… Continue reading African Development Bank provides $10m trade finance transaction guarantee to Banco Fomento de Angola S.A.
Category: SME Finance
SME Finance
PODCAST | ‘22 in 22 minutes
There is little doubt that 2022 has been an unprecedented year and for better or for worse, there has been a lot that has happened in the trade, treasury, payments and supply chain spaces.
ITFA’s Sean Edwards’ year in review and predictions for trade finance in 2023
According to Edwards, reducing the record-high $1.7 trillion USD global trade finance gap will be amongst the most important considerations facing the trade finance industry in 2023. The trade finance sector is developing several tools to address this issue.
The International Finance Corporation and Bank of Industry partner to embolden Nigerian MSMEs
The International Finance Corporation (IFC) and the Bank of Industry (BoI) have partnered to strengthen trade and boost access to finance for micro, small and medium-sized enterprises (MSMEs) in Nigeria. Olukayode Pitan, managing director of Bank of Industry said, “We are delighted to partner with the IFC on this laudable initiative towards ensuring that Nigerian… Continue reading The International Finance Corporation and Bank of Industry partner to embolden Nigerian MSMEs
RELEASED: TFG’s media series from Sibos
A peek behind the curtain: trade finance insights from ground zero, Sibos
RELEASED: TFG’s video series in partnership with ITFA
Behind the looking glass: trade finance insights you don’t want to miss.
The evolving payments landscape: how data-sharing makes all the difference
The evolution of cross-border payments is more exciting than ever. However, for banks, the priority is to use the payment data for compliance and differentiation. So, get your data in order.
ICC releases new report on MSME digital exports in Southeast Asia
The International Chamber of Commerce (ICC) and Google have partnered to research the digital exports of micro, small and medium-sized enterprises (MSMEs) in Southeast Asia to inform policy discussions and develop tailored training programmes to upskill and empower MSMEs in the region. According to the paper, MSMEs account for between 97.2% and 99.9% of total… Continue reading ICC releases new report on MSME digital exports in Southeast Asia
RBC launches Swift Go to facilitate frictionless cross-border payments
To address the growing need for companies to provide frictionless cross-border payments, RBC has launched Swift Go. This new solution enables Canadian businesses to send cross-border payments of up to $10,000 in foreign currencies with speed, security, predictability, and efficiency. Implemented in collaboration with J.P. Morgan and Swift, RBC is the first Canadian financial institution to… Continue reading RBC launches Swift Go to facilitate frictionless cross-border payments
VIDEO | Visa: the highs and lows of B2B payments
To learn more about the cross-border B2B payments landscape, Trade Finance Global (TFG) interviewed Ben Ellis, global head of Visa B2B Connect.
Autumn statement: what’s in store for the UK economy and what could this mean for trade?
November 17, 2022 saw the unveiling of the UK’s Autumn Statement. The plan hopes to create a more stable UK economy in light of the current global financial uncertainty.
UKEF ramps up support for SMEs, enhancing global exporting ambitions
UK Export Finance (UKEF) has launched a new product to help support small- and medium-sized enterprises (SMEs) through challenging market conditions. Attending the UK Trade & Export Finance Forum 2022, Trade Finance Global (TFG) were on the ground when Minister for Exports Andrew Bowie, announced the launch of the new Bills and Notes. Bills and Notes… Continue reading UKEF ramps up support for SMEs, enhancing global exporting ambitions
VIDEO | UK trade and export finance: why now?
Between Brexit, COVID-19, and supply chain disruptions, foreign markets do not look the most inviting for UK businesses.
Accenture report: overcoming challenges and finding competitive advantage in the trade finance sector
Accenture released a report on findings from an online survey conducted to determine challenges banks are facing, both in retaining trade finance partners, as well as thwarting competition from fintechs.
Into the depth—deep-tier supply chain finance as a driver for ESG development
Deep-tier supply chain finance can be a powerful tool in the ESG toolkit––but implementing this innovative financing approach will require overcoming some key barriers.