The International Islamic Trade Finance Corporation (ITFC), member of the Islamic Development Bank (IsDB) Group, has approved a US$5m Murabaha Financing Facility in favour of Bank of Maldives to support the Bank’s private sector businesses, particularly SMEs importing raw materials from the international markets. Bank of Maldives is the first partner institution in the Maldives […]
The World of Open Account is an online digital community; our purpose is to connect people in a low cost, technology supported and easy access way to the world’s experts, information, networks and learning. We are delighted to invite you to a half-day online convention which will give you the opportunity to connect with peers […]
Supply chain finance has seen consistent growth since the global financial crisis of 2008. In 2019 Revenues derived from it reached between $50bn and $75bn, figures from the International Chamber of Commerce revealed. While trade finance revenues overall were down 1% in comparative years figures, taken from the first three months of 2020 compared to […]
The African Export-Import Bank (Afreximbank) and the International Islamic Trade Finance Corporation (ITFC), have partnered with the African Organisation for Standardisation (ARSO), to launch a new Arab-Africa Trade Bridges Program (AATB) initiative called the Harmonisation of Standards for Pharmaceutical and Medical Devices in Africa, aimed at promoting the quality and safety of medicines and medical […]
With many businesses in the region still reeling from the impact of Covid-19 on their supply chains and their business, there’s another major wave coming on the horizon – Brexit. The government still plans to introduce import controls on EU goods at the border after the transition period ends on 31 December 2020. Production planning […]
World Bank aiming to digitally enable every individual, government and business in Africa by 2030 2019 figures show that African digital penetration stands at 27% but with huge potential to grow Paysend offers helping hand with expansion of digital money transfer operations in Africa In the wake of a 2019 report by the World […]
The International Islamic Trade Finance Corporation (ITFC), member of the Islamic Development Bank (IsDB) Group, signed a US$100m Murabaha-structured line of trade finance with Mizuho Bank in Malaysia, a subsidiary of Mizuho Bank Japan. This financing will help ITFC extend its support to the member countries under its Covid-19 Response Plan that is targeted towards […]
UK Export Finance (UKEF) enabled Coriolis Technologies, a UK tech start-up based in London, to double its revenue during Covid-19 by protecting a major export deal using its export insurance support. Coriolis Technologies provides data intelligence to the trade finance sector and 80% of its revenue comes from international business. The company recently secured a […]
Supply@ME Capital plc, the innovative fintech platform which provides inventory monetisation services to European manufacturing and trading companies, is pleased to announce that it has signed a formal business alliance with Epic SIM (“Epic”) for inventory funding and client company origination. Epic is an investment company (known as a SIM in Italy) which is regulated […]
Tech Nation, the growth platform for tech companies and leaders, today launches its Unlocking Global Tech report, assessing the value of UK digital tech exports and exploring the opportunities and challenges for digital tech companies to expand and scale in different regions around the world post Covid-19. The report found that the UK was the […]
