Trade Finance in Africa: Overcoming Challenges by AfDB

The African Development Bank (AfDB) has released its second Trade Finance in Africa Survey Report tiled; “Trade Finance in Africa: Overcoming Challenges”. Building on the findings of the maiden 2013 survey, this new report, covering the period 2013–2014, goes further to gauge other aspects of bank-intermediated trade finance such as the challenges encountered by SMEs…

ADB Launches New Funded Trade Finance Product with J.P. Morgan to Promote Trade in Developing Asia

The FINANCIAL — The Asian Development Bank (ADB) and J.P. Morgan on October 17 signed an agreement to support trade in developing Asia. The partnership is the first of its kind under the ADB Trade Finance Program’s (TFP) new funded risk sharing product. Under this new agreement, ADB and J.P. Morgan will share risk—on a…

The International Islamic Trade Finance Corporation launch a Study to Bridge the Gap between Morocco and Africa

By APO The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), member of the Islamic Development Bank (IsDB) Group, signed a partnership agreement with the National Company of Transports and Logistics, SNTL, in the Kingdom of Morocco, under the umbrella of the Aid for Trade Initiative for Arab States (AfTIAS), to launch a Study for the…

BankThink The role banks can play in ending global poverty

By Aron Betru Christopher Lee With the World Bank-International Monetary Fund annual meetings this week occurring just after the U.N. General Assembly, international development advocates have been pressing for a dramatic increase in private-sector investment to improve the quality of life in emerging and developing nations. The U.N. meetings focused on the “sustainable development goals” (SDGs), with…

8 Lending Terms That Every Entrepreneur Must Know

By Jared Hecht If you’re just beginning your hunt for business financing, you’re likely knee-deep in unfamiliar terms and lending jargon. And it’s enough to make even the most eager entrepreneur feel overwhelmed. Don’t continue your search without reviewing a few of the essential terms you need to know to make an informed decision about financing your…

Switching Aircraft To Be Used As Collateral To Secure Qantas Airline $350M Loan

By: Reuters Qantas Airways is raising A$350 million ($272 million) from a loan that allows it to switch the types of aircraft used as collateral, in what bankers and analysts said is the world’s first aviation financing of this type. The loan is the first of a series under a loan facility programme set up by…

Letter of Credit needed to back new electricity generation plants in Nakuru County

By Macharia Kamau The Government is looking for a bank to back three firms awarded the tender to construct new electricity generation plants in Nakuru County. The selected bank will issue a letter of credit to the three independent power producers, bringing the geothermal power project back on track after years of waiting. Quantam Power…

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