RS South Africa
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    • RS Africa Export Solutions now caters for different currencies for added customer convenience
    • Erick Wessels
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Source: RS South Africa |

RS Africa Export Solutions now caters for different currencies for added customer convenience

Customer feedback from various key corporates indicated a preference to be able to transact in different currencies such as euros and pounds

RS South Africa (https://Africa.RSdelivers.com/), a trading brand of RS Group plc (LSE: RS1), a global provider of product and service solutions, is showcasing the significant updates to its Africa Export Solutions website that came into effect last year. The updates have enhanced customer convenience by enabling purchases in various currencies,…

Economic Community of West African States (ECOWAS)
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    • Economic Community of West African States (ECOWAS) senior trade officials convene in Abuja to validate regional instruments to foster Economic integration
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Source: Economic Community of West African States (ECOWAS) |

Economic Community of West African States (ECOWAS) senior trade officials convene in Abuja to validate regional instruments to foster Economic integration

The overall objective of the 2-day meeting was to review, validate, and recommend regional trade policy instruments to the Ministers of Trade and Industry

Senior Trade Officials from ECOWAS Member States gathered in Abuja, Nigeria, from 15th to 16th May 2024 to consider regional instruments towards enhancing regional economic integration and trade. The overall objective of the 2-day meeting was to review, validate, and recommend regional trade policy instruments to the Ministers of Trade…

Ecobank Transnational Incorporated
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    • International Finance Corporation (IFC) and Ecobank Transnational Incorporated to Support Trade Finance in Seven African Countries (1)
    • International Finance Corporation (IFC) and Ecobank Transnational Incorporated to Support Trade Finance in Seven African Countries (2)
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Source: Ecobank Transnational Incorporated |

International Finance Corporation (IFC) and Ecobank Transnational Incorporated to Support Trade Finance in Seven African Countries

IFC’s $140 million trade finance guarantee facility will help strengthen the participating affiliates’ trade finance operations and leverage ETI’s wide-spanning footprint in Africa

To promote trade and foster economic growth in Africa, IFC today announced trade finance facilities with seven Ecobank Transnational Incorporated (ETI) (www.Ecobank.com) subsidiaries operating in Burkina Faso, Cameroon, Cote d’Ivoire, Ghana, Malawi, Mali, and Togo. IFC’s $140 million trade finance guarantee facility will help strengthen the participating affiliates’ trade finance…

Source: President of the Republic of Kenya |

Kenya, Uganda Sign Agreements to Strengthen Ties

The agreement will enable Uganda to import refined petroleum commodities directly from the producer countries

Kenya and Uganda have today signed a tripartite agreement on the importation and transit of petroleum products through the two countries. President William Ruto said the agreement will enable Uganda to import refined petroleum commodities directly from the producer countries. Speaking when he hosted President Yoweri Museveni for a State…

Source: Invest Africa |

Invest Africa Gathers Global Leaders for 10th Edition of The Africa Debate in London

As part of The Africa Debate programme, Invest Africa will host a Morocco Investment Forum on 5th June in partnership with the Embassy of the Kingdom of Morocco in the United Kingdom

Invest Africa (www.InvestAfrica.com), a leading pan-African trade and investment platform, will convene the 10th annual Africa Debate on 6th June at the Guildhall, London, under the theme of "Africa’s role in a changing global order.” The Africa Debate is London’s leading Africa-focused investment forum. Headline speakers include Samaila Zubairu, President…

Afreximbank
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    • President and Chairman of the Board of Directors of Afreximbank, Prof. Benedict Oramah (left) with Chief Executive Officer, International Islamic Trade Finance Corporation (ITFC) & Acting Chief Executive Officer of Islamic Corporation for Development of the Private Sector (ICD), Eng. Hani Salem Sonbol (right)
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Source: Afreximbank |

Afreximbank Deepens Collaboration with the International Islamic Trade Finance Corporation and the Islamic Corporation for Development of Private Sector to Advance Africa Economic Cooperation

Afreximbank, ITFC and ICD are committed to promoting south-to-south trade among African and Arab countries for a common goal of advancing socio-economic prosperity

On the sidelines of the recently concluded 2024 Islamic Development Bank (IsDB) Group Annual Meetings and Golden Jubilee Celebrations, African Export-Import Bank (Afreximbank or “the Bank”) (www.Afreximbank.com) concluded arrangements for a facility of USD 250 million with the International Islamic Trade Finance Corporation (ITFC) and USD 100 million with the…

International Islamic Trade Finance Corporation (ITFC)
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    • The Arab-Africa Trade Bridges Program Announces the Membership of the Republic of Cote d’Ivoire
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Source: International Islamic Trade Finance Corporation (ITFC) |

The Arab-Africa Trade Bridges Program Announces the Membership of the Republic of Cote d’Ivoire

Arab Africa Trade Bridges Program (AATB) General Secretariat Announces Cote d’Ivoire as New Member of AATB Program

The Arab Africa Trade Bridges Program (AATB) General Secretariat is pleased to announce the Republic of Cote d’Ivoire as a new member of the program. This strategic addition marks a significant step towards enhancing trade, economic cooperation, and regional integration between Africa and the Arab world. The AATB program has…

Source: African Development Bank Group (AfDB) |

Zimbabwe: African Development Bank’s $15 million Trade Finance Package for First Capital Bank to support Small and Medium sized Enterprises (SMEs) and local enterprises

The line of credit will provide the much-needed hard currency financing to support FCB to close its trade finance gap and expand its trade finance support for SMEs and local corporates in Zimbabwe, a transition country

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $15 million trade finance package for First Capital Bank (FCB) in Zimbabwe to help bolster intra-African commerce in line with the goals of the Africa Continental Free Trade Area. The package, comprising a $7.5 million trade…

Source: Afreximbank |

Afreximbank Backs the Expansion of Silversands Hotel in Grenada with a US$ 30 Million Facility

Under its Diaspora strategy, Afreximbank has spearheaded numerous trade and investment missions to the Caribbean Islands

African Export - Import Bank (Afreximbank) (www.Afreximbank.com) has approved a US$ 30 Million financing facility to Joyau Des Caraibes Limited (JDC); the Caribbean subsidiary of ORA Developers, for the expansion of Silversands Hotel in St. Georges, Grenada. Silversands Hotel is part of a luxury chain of hotels owned by ORA Developers,…

World Trade Organization (WTO)
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    • Mauritius formally accepts Agreement on Fisheries Subsidies
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Source: World Trade Organization (WTO) |

Mauritius formally accepts Agreement on Fisheries Subsidies

Mauritius deposited its instrument of acceptance of the Agreement on Fisheries Subsidies on 13 May, advancing the tally of formal acceptances to 75. Ambassador Usha Chandnee Dwarka-Canabady presented Mauritius's instrument of acceptance to Director-General Ngozi Okonjo-Iweala

Director-General Okonjo-Iweala said: “I warmly welcome the formal acceptance by Mauritius of the Agreement on Fisheries Subsidies. This is a concrete demonstration of Mauritius's commitment to the WTO system and to global efforts to improve the sustainability of the world's marine fisheries. The fisheries sector has historically been an important…