EBID Secures $130m Funding To Curb Trade Financing Gap in Africa

As per the latest news, the ECOWAS Bank for Investment and Development (EBID) has revealed a dual-currency trade finance credit line worth around $ 130 million.

The funding will be utilized critically to upgrade food security and build up agricultural value chains across West Africa, the AfDB stated in the declaration issued.

Read more: https://www.emeriobanque.com/news/ebid-secures-130-m-dollar-funding-to-curb-trade-financing-gap-in-africa

#ECOWASBank #AfDB #tradefinancegap #SMEs #EBID #GlobalFinance

IFC Grants $35m Credit to FSDH For SMEs

As per the latest news, FSDH, Nigeria’s Merchant Banking Group has recently been granted a credit facility of $35m in association with the IFC (International Trade Finance)

Read more: https://www.emeriobanque.com/news/ifc-grants-35-million-dollars-credit-to-fsdh-for-smes

#GlobalTradeFinanceProgram #SMEs #FSDH #IFC #tradefinanceinstruments #tradefinancegap #tradefinanceinstruments #lettersofcredit

Bladex Partners With TradeAssets to Boost Trade Finance Access in LatAm

As per the latest news, the Panama-based multinational bank Banco Latinoamericano de Comercio Exterior (Bladex) has turned into the first bank in Latin America to collaborate with Dubai-headquartered Fintech Innovations International DMCC’s TradeAssets platform.

Read more: https://www.axioscreditbank.com/blogs/bladex-partners-with-tradeassets-to-boost-trade-finance-access-in-latam

#LatinAmerica #TradeAssets #tradefinance #globaltradefinanceinstruments #Bladex #tradefinancegap #financialservices

Strong Headwinds To Decline Global Trade Growth Next Year: WTO

As per the latest news, international trade development is probably going to drop off in the closing months of 2022 and 2023 as the world economy nations are swamped by solid headwinds, according to the latest World Trade Organization Goods Trade Barometer.

Read more: https://www.emeriobanque.com/news/strong-headwinds-to-decline-global-trade-growth-next-year-wto

#WorldTradeOrganization #internationaltrade #tradefinancegap #globalimport #globaltrade

Bank Of Africa Named Two Separate “best Bank In Trade Finance” Awards

The latest news says Bank of Africa-Ghana (BOA - Ghana) has been titled “2022 Trade Finance Bank of the Year” by two reliable awarding schemes - the Innovation and Excellence Awards, and the Ghana Credit Excellence Awards 2022.

Read more: https://www.emeriobanque.com/news/bank-of-africa-named-best-bank-in-trade-finance-awards

#internationaltrade #exporters #importers #SMEs #tradefinanceservices #TradeFinanceGap #BankOfAfrica

Tradeteq’s Access Lite Supports Secondary Trading Of Trade Finance Assets

According to the latest news, Tradeteq, a leading technology provider for cash credit distribution, has introduced Tradeteq Access Lite, the very first marketplace for buy-side financial backers who want to participate in the secondary trading of trade finance assets.

Read more: https://www.emeriobanque.com/news/tradeteq-marketplace-for-secondary-trading-of-trade-finance

#TradeFinance #Tradeteq #importandexport #tradeindustry #tradefinancegap

Surecomp’s Cryptographic Fingerprints to Combat Duplicate Trade Financing Fraud

On Tuesday, April 12, when a solution was reported by Surecomp to further decrease the risks of duplicate trade financing fraud, the company encountered a type of fraud that had been difficult to escape from -and this has driven a few banks to cease the trade finance business altogether.

Read more: https://www.emeriobanque.com/news/surecomps-cryptographic-fingerprints-to-combat-duplicate-trade-financing-fraud

#tradefinancing #SMBs #tradefinancegap #SMEs #tradefinanceservices #emeriobanque #emerionews

Trade finance and the efforts to boost intra-African trade

As stated by President of the African Development Bank (AfDB), Akinwumi A. Adesina, “trade finance is an important instrument for influencing Africa’s long-term economic development and structural transformation”

Read more: https://ngulminthanglhanghal.mystrikingly.com/blog/trade-finance-and-the-efforts-to-boost-intra-african-trade

#TradeFinance #tradefinancegap #AfDBandAfrexim #supplychainblockages #NgulminthangLhanghal #Ngulminthang

Fintechs Becoming The New Lines Of Credit

Small businesses have been suffering from the trade finance gap since the world plunged into the Covid-19 pandemic. And to save them from this problem, fintech has become the right platform to unlock access to finance.

The Fintech platform acts as a marketplace for small and medium enterprises to access trade receivable financing.

Read more: https://www.emeriobanque.com/news/fintechs-becoming-the-new-lines-of-credit

#tradefinancegap #FinancingMarketplace #fintechplatforms #supplychain #tradefinance