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Trade Finance in Africa: Challenges, Opportunities And The Role of Risk In Reducing The Financing Gap
LAGOS (Capital Markets in Africa) – Trade finance in Africa offers a mixture of intertwined challenges and opportunities. Take for instance the continent’s contribution to global GDP and trade, which stands at just 3 percent in contrast to its population, which accounts for 17 percent of the world’s total. Numerous factors contribute to this mismatch including, in the financing space, a lack of transparency, lack of access to adequate trade financing facilities, lack robust financial…
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