Africa News

Afreximbank readies continent-wide transit guarantee scheme

The African Export-Import Bank (Afreximbank) says it is set to launch a US$1bn continent-wide transit guarantee scheme, having agreed last month to pilot the …

Africa / 07-04-21 / by Felix Thompson

Blockchain used for US$400mn intra-African fertiliser deal

A Moroccan fertiliser company says it has executed the first use of blockchain for an intra-African trade finance transaction, in a deal facilitated by …

Africa / 07-04-21 / by Jacob Atkins

Access Bank eyes trade finance expansion as Grobank acquisition moves a step closer

Having received regulatory approval to acquire a controlling stake in South Africa’s Grobank, Nigeria headquartered Access Bank has outlined plans to rename the lender …

Africa / 07-04-21 / by Felix Thompson

East Africa brings in Singapore’s GUUD to facilitate digital trade document flows

Work on improving the East African Community’s (EAC) single customs territory (SCT) has continued with the selection of a Singaporean technology provider to design …

Africa / 06-04-21 / by Jacob Atkins

Mozambique LNG sector braces for delays amid escalating violence

French energy major Total has been forced to suspend operations at its liquified natural gas (LNG) project in northern Mozambique for the second time …

Africa / 31-03-21 / by Felix Thompson

Afreximbank and Nexim to boost early project financing in Nigeria

The African Export-Import Bank (Afreximbank) and Nigeria Export-Import Bank (Nexim) have agreed to establish a new fund to boost early project financing and technical …

Africa / 31-03-21 / by Felix Thompson

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Exclusive: Afreximbank links up with Demica to provide payables finance

The African Export-Import Bank (Afreximbank) has partnered with tech-based working capital solutions provider Demica to roll out a new supply chain finance (SCF) platform …

Africa / 03-03-21 / by Eleanor Wragg

Piracy in Gulf of Guinea poses “serious” trade threat

The number and severity of attacks on vessels by pirates in the Gulf of Guinea are increasing, posing a threat to global trade and …

Africa / 17-02-21 / by Maddy White

African banks sign deal to upgrade trade chokepoint at Zimbabwe border

A group of African banks has signed a US$194mn senior debt facility to rehabilitate the Beitbridge border post, a crossing that connects Zimbabwe and …

Africa / 26-01-21 / by Maddy White

CDC inks facility with TDB to boost pandemic trade recovery in Africa

CDC Group, a publicly funded development finance institution, has moved to support the Eastern and Southern African Trade and Development Bank (TDB) with a …

Africa / 19-01-21 / by Felix Thompson