Trade Finance |

U.S. Ex-Im Warned on Mozambique Risks Before $4.7 Billion Loan

MAPUTO (Capital Markets in Africa) — The Export-Import Bank of the U.S. decided to lend $4.7 billion to a gas project in Mozambique despite its own analysis warning about security risks that have since forced Total SE to suspend work at the site. Ex-Im Bank approved the financing last year, outlining that it would support about 16,700 U.S. jobs over a five-year construction period. The funding accounted for the biggest share of about $15 billion raised for…

Suez Canal Snarled With Giant Ship Stuck in Top Trade Artery

Posted on by The Editorial Team

CAIRO (Capital Markets in Africa) — A giant container ship ran aground in the Suez Canal, blocking off one of the world’s busiest maritime trade routes that’s vital for the movement of everything from oil to consumer goods. The hull of Ever Given, one of the biggest container ships in operation, became wedged lengthways across the canal early Tuesday in Egypt, leaving at least 100 vessels gridlocked as they attempted to transit between the Red…

INTO AFRICA July 2019 Edition – Trading Africa’s Prosperity

Posted on by The Editorial Team

Welcome to the July 2019 edition of INTO AFRICA, a publication written by the professionals, for professionals, investors, policymakers … Advancing and providing fresh insight into Africa’s emerging markets through renowned thought leadership and peer-to-peer knowledge-sharing. The edition is titled: Trading Africa’s Prosperity. Africa is fundamentally a trading continent. The socio-economic structure of most African countries hinges on trade; however, trade still accounts for 51 percent of Africa’s GDP according to World Bank data. The last…

Issues and solutions for African trade finance. Are ECAs and DFIs the answer?

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – The last few years have proved difficult economically for much of Africa. This, together with political issues (for example in Zimbabwe, South Africa, and Mozambique) and constraints on access to finance, has resulted across much of the continent in a drop off in inward investment levels. In addition, economic growth has not lived up to hope or expectation. This article looks at some of the issues and how certain…

Exclusive Interview: Mohammed Kateeb, Path Solutions’ Group Chairman and CEO

Posted on by The Editorial Team

In an exclusive interview with INTO AFRICA, Mohammed Kateeb, Path Solutions’ Group Chairman & CEO shares that, “As pioneers and experts in Islamic banking software solutions and services, we often lead our clients by advising them on what world-class solutions look like. Our vision is to empower our clients with a powerful and innovative software platform to run their business efficiently and successfully”. What are the major verticals for which you are offering software solutions? MOHAMMED KATEEB: We…

The Edge of Reality: The African Continental Free Trade Area

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – In March 2018, member countries of the African Union took a significant step to boost regional trade and economic integration by establishing the African Continental Free Trade Area (AfCFTA). As of 29 April 2019, 22 countries have deposited their instruments of ratification of the AfCFTA agreement with the African Union, meeting the threshold for the agreement to come into effect. Accordingly, the AfCFTA came into force on 30 May…

Trade Finance in Africa: Challenges, Opportunities And The Role of Risk In Reducing The Financing Gap

Posted on by The Editorial Team

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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