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The African Export-Import Bank (Afreximbank) has collaborated with Sterling Bank to introduce a new supply chain finance product 'Payables Finance' in Nigeria.
partnership, digital payments, KYC, trade finance
Israel-based AI-enabled AML provider ThetaRay has announced that the Pan-Africa Payment and Settlement System (PAPSS) selected it as its AML and screening partner.
partnership, AML, compliance, cross-border payments, financial services, financial institutions
The Pan African Payment and Settlement System (PAPSS) has received Banque Centrale de Tunisie (BCT) into its network.
central bank, partnership, expansion, payments , cross-border payments
The Central Bank of Kenya (CBK) has become a member of the Pan African Payments and Settlement System (PAPSS).
central bank, settlement, banks, FX
African Export-Import Bank (Afreximbank) and China Development Bank have signed a USD 400 million loan to support Africa’s SMEs.
SMEs, SME lending, partnership, financial inclusion, trade finance
Jean Sideris and Rawad Nasser from Edgar, Dunn & Company analyse the increasing challenges of international card schemes in the context of rising domestic initiatives.
card scheme
Nigeria-based Parallex Bank has obtained a USD 10 million trade finance facility from the African Export-Import Bank (Afreximbank).
funding, partnership, banks, trade finance
African Export-Import Bank (Afreximbank) has launched Afreximbank Trade Payment Services (AfPAY) to facilitate the settlement of international trade.
product launch, banks, trade finance, compliance, payments
Five Turkish banks have adopted Russia’s Mir payments system, Turkey’s President Recep Tayyip Erdogan said after talks with President Vladimir Putin.
banks, payments , Russia Ukraine War, partnership, e-wallet
Pan-African multilateral trade finance institution, the African Export-Import Bank (Afreximbank), has signed a Memorandum of Understanding (MoU) with the African Petroleum Producers Organization (APPO).
trade finance, partnership, investment
The African Export-Import Bank (Afreximbank) has announced a new USD 1.5 billion pandemic response facility in a partnership with the ITFC and Badea, according to Global Trade Review.
Afreximbank, ITFC, Badea, COVID-19, Africa, partnership, financial assistance, COPREFA, funding
The African Export-Import Bank (Afreximbank) has sealed an agreement with the International Islamic Trade Finance Corporation (ITFC) to receive a USD 100 million credit facility in order to promote Arab-Africa trade and investments.
Afreximbank, agreement, International Islamic Trade Finance Corporation, finance
The African Development Bank (AfDB) has signed an unfunded USD 250-million Risk Participation Agreement (RPA) facility with ABSA bank.
The African Development Bank, AfDB, Absa Bank, Risk Participation Agreement, trade finance, African Issuing Banks, Africa, RPA programme, Africa Investment Form
African Export-Import Bank has disbursed USD 8 bln out of the USD 25 bln it planned on a revolving basis to support intra-regional trade between 2017 and 2021.
Afreximbank, African Export-Import Bank, trade finance, trade finance credit facility, trade finance platform, Africa, South Africa, Gabon, Cote dIvoire, Nigeria, Malawi, Togo, Kenya, intra-regional trade
The International Islamic Trade Finance Corporation has signed six major Trade Financing and Development Agreements worth in excess of USD 1.1 bln.
trade finance, ITFC, Africa
South Sudan has received a USD 500 million financing facility from African Export-Import Bank (Afreximbank), to fund power transmission, infrastructure and farming projects.
South Sudan, banking, financing , Afreximbank, Africa
The African Export-Import Bank and African Guarantee Fund have signed an agreement for a USD 30 mln re-guarantee facility in support of African SMEs.
The African Export-Import Bank, Afreximbank, African Guarantee Fund, re-guarantee facility, funding, trade finance, Africa, SMEs, long-term financing, African trade, trade development
The African Export-Import Bank and UK’s CDC Group have signed a master risk participation agreement to support the bank’s Trade Facilitation Programme.
Afreximbank, UK, CDC Group, trade finance, trade facilitation programme, irrevocable reimbursement undertakings, Africa
The African Export-Import (Afrexim) bank has introduced a trade facilitation programme aimed at closing the gap inherent in Africa’s trade financing.
Afreximbank, Nigeria, trade finance, Africa, trade facilitation programme, Afrexim, Omotola, Uche Jombo, Ini Edo
The China Development Bank has signed an agreement with the African Export-Import Bank to provide a USD 500 million facility for trade infrastructure.
China Development Bank, African Export-Import Bank, Afreximbank, trade finance, Africa, trade infrastructure, financing