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Africa and Caribbean trade potential could reach $1.65 billion annually by 2030: International Trade Centre (ITC)-Afreximbank report

Africa and Caribbean trade potential could reach $1.65 billion annually by 2030: International Trade Centre (ITC)-Afreximbank report

Annual trade in goods and services between Africa and the Caribbean could reach up to $1.65 billion by 2030, excluding mineral fuels, according to a new report launched today by the International Trade Centre (ITC) and African Export-Import Bank (Afreximbank) (www.Afreximbank.com) on the sidelines of the Commonwealth Heads of Government Meeting in Antigua and Barbuda

Russia and Africa: Uncovering the Potential for Cooperation | Business

Russia and Africa: Uncovering the Potential for Cooperation | Business

Russia and the entire African continent are currently preparing for the third Russia–Africa Summit, which is widely considered to increase political dialogue and raise bilateral economic cooperation. In coordination with the Executive Office of the President of the Russian Federation, the summit has effectively reached the final phase of preparations. Work is being carried out…

Cashflow lending’s potential to revolutionise SME finance in Africa  – Euromoney

Cashflow lending’s potential to revolutionise SME finance in Africa  - Euromoney

Stringent collateral requirements, limited financial records and the cost of underwriting small loans all contribute to the financing shortfall. The International Finance Corporation estimates unmet financing demand among MSMEs in sub-Saharan Africa at $331bn. Many smaller businesses lack the assets and documentation required by conventional credit models and are therefore perceived by banks as costly…

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