Creditinfo Group, the leading global credit information and decision analytics provider, is today announcing the launch of a scorecard solution tailored for small to medium-sized enterprises (SMEs). Through its unique approach to data and algorithms, this scorecard will help financial institutions improve their credit assessment and facilitate financing to the SME market, which has typically […]
Rural businesses, which are so vital for transforming our food systems, will get a much needed boost from an ambitious new financing programme launched today by the UN’s International Fund for Agricultural Development (IFAD), as part of its broader efforts to address rising hunger and poverty levels in the world’s poorest countries. The Private Sector […]
The International Islamic Trade Finance Corporation (ITFC)and its partner the Statistical, Economic and Social Research and Training Centre for Islamic Countries (SESRIC), today launched a technical report on the potential impacts of the African Continental Free Trade Area (AfCFTA) on selected OIC countries, namely Côte d’Ivoire, Egypt, Guinea, Mozambique, Tunisia and Uganda. The objective of […]
The 2021 FCI Annual Review has been published online today. The FCI Annual Review is a globally recognised publication in the world of Factoring and Receivables Finance. In addition to publishing the final statistics for the industry showing this year a 6.5% drop compared to previous year, it includes the highly appreciated Global Industry Annual […]
The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank Group (IsDB), granted a €10m Murabaha financing to Bridge Bank Group, Cote d’Ivoire (BBGCI). The facility represents a significant portion of BBGCI’s remaining 2021 trade financing requirements and enables BBGCI to support the Bank’s growing private sector clients as well as small-to-medium-sized […]
The Smart Lady Club, supporting women entrepreneurs in Bulgaria, is back! The Club’s first live event for the year was attended by 26 successful business ladies who discussed their plans, current and future projects, and visions for business development. The topic of the event, organised by First Investment Bank, was: ‘Innovative ideas with a mission: […]
In its newest chapter in Egypt, the International Islamic Trade Finance Corporation, a member of the Islamic Development Bank (IsDB) Group, launched the “SheTrades” initiative in Egypt, which is implemented by the International Trade Center (ITC) within the framework of the Aid for Trade Initiative for Arab States (AfTIAS) program. The launch took place in […]
AIM AFRICA will be a powerful impetus in strengthening AFRICA’s economic stability, sustainability, and growth. The African continent has immense untapped economic potential that presents innumerable opportunities for investors. The continent is also emerging as one of the preferred destinations for investments. According to data released in 2020 by the United Nations Population Division, 56.2% […]
Tradewind Finance has reached an agreement with a laser equipment company in Guangdong that sells to Germany, Britain, Italy, and Poland, among other countries. The export factoring arrangement will support open account terms of up to 120 days with the company’s customers. As a traditional trader, the company offers various brands of laser cutting machines. […]
According to the results of the latest “Payment Practices Barometer” survey conducted in Asia by Atradius, 60% of the B2B invoices on credit in the United Arab Emirates (UAE) were not settled on time, which is significantly higher than the 50% average for Asia as a whole. On average, it took businesses 40 days to […]
