IFC, Societe Generale de Banque au Liban Help Boost Trade in Lebanon with New Agreement

IFC, a member of the World Bank Group, on May 29 signed a trade finance agreement with Societe Generale de Banque au Liban (SGBL), one of the leading banks in Lebanon, to boost cross-border trade and help local businesses access international markets. Under the agreement, SGBL will join IFC’s Global Trade Finance Program (GTFP), which…

AfDB set to bridge Africa’s $120bn trade finance funding gap

The African Development Bank is set to bridge Africa’s $120bn finance funding gap by providing support for trade in vital economic sectors such as agribusiness and manufacturing and foster financial sector development and regional integration. This was disclosed during on Thursday, May 26, during an event on “Trade Finance – Fostering Regional Integration and South-South……

Zimbabwe: Develop Collateral Substitutes for Farmers, RBZ Urges Banks

Brenda Ziga: Herald Reporter The Reserve Bank of Zimbabwe has urged all banks to develop collateral substitutes to assist smallholder farmers access loans. Speaking at the Private Sector-Financial Institutions Speed Dating Expo for the Livelihoods and Food Security programme in Harare yesterday, RBZ principal bank examiner Ms Audrey Hove said small-holder farmers need to access…

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