African SMEs must engage factoring to ease access to finance– Afreximbank - Vanguard News Nigeria

  • 📰 vanguardngrnews
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 75%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

African SMEs must engage factoring to ease access to finance– Afreximbank vanguardngr.com vanguardnews

This is contained in a statement issued on Tuesday by Mr Obi Emekekwue, Director and Global Head of Communications and Events Management at Afreximbank,

She wondered why SMEs in most African countries were shying away from this because Africa accounted for less than one per cent of global factoring volumes in 2017 inspite of its huge opportunities. Awani also said: “Other factors that could raise factoring volumes include emergence of innovative industries supported by technological advancements; rapidly expanding trade and economic relations between Africa and major economies in the South; and increasing focus on regional integration and intra-regional trade under the African Continental Free Trade Agreement.

Afreximbank is the foremost pan-African multilateral financial institution devoted to financing and promoting intra- and extra-African trade.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 5. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Nigeria is the first market in Africa – AXA - Vanguard News NigeriaIn Axa, we love competition; we believe in the free market economy and competition. We like the challenge as there are some markets that we are leaders and some market that we have challenges and we love to challenge the leaders
Källa: vanguardngrnews - 🏆 5. / 75 Läs mer »