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Africa is amid a trade finance crisis set to be significant and lasting. The continent’s trade finance gap already stood at $81 billion in 2019, then as the pandemic hit, economic outflows from Africa soared above $5 billion in Q1 2020 as international banks became risk-averse in emerging economies. Now SMEs already facing cashflow difficulties amid the pandemic are confronted with an increase in letters of credit request rejections. Can pan-African banks take advantage of the international banking contraction? And can the African Continental Free Trade Area (AfCFTA), in its inaugural year, pump life into intra-Africa trade finance?
Watch the webinar
- Africanizing trade finance – eliminating sticking points for pan-African banks
- Digital and AfCFTA – Paperless transactions and the impact of AFCFTA on trade flows
- Policy measures – how to ease regulatory burdens and facilitate digital innovation