Thursday, 23 October 2014

News Release: Afreximbank’s Back-To-Back Trainings To Boost African Trade

 To achieve its mandate of expanding intra- and extra-African trade, the African Export-Import Bank (Afreximbank) is holding a series of back-to-back training activities aimed at enhancing the finance capabilities of African financial institutions and corporates.

The Afreximbank forums, seminars and workshops targeting bankers, financial institutions, regulators and other actors involved in trade finance activities in Africa to make them better able to deal with the peculiar specificities involved in financing trade in Africa.

The activities will kick off in Dakar on 28 October with a two-day Customer Due Diligence and Corporate Governance Forum. The Forum, which will bring together bankers, corporates, regulators and representatives of financial institutions from all over Africa, will seek to develop Africa-specific and standardized solutions to challenges in the financial services sector and in the area of corporate governance.

It will be followed from 4 to 6 November by the Afreximbank Structured Trade Finance Seminar/Workshop which will take place in Lusaka. Aimed at equipping African banks and bankers to deal with risks in financing trade and supply chain under difficult politico-economic environments and changing trade counter parties, this three-day package includes a two-day seminar on the Fundamentals of Structured Trade Finance, which will take place on 4 and 5 November, and a workshop on Trade and Supply Chain Finance on 6 November.

A third training package is the Afreximbank Factoring Workshop scheduled to take place on 7 November, also in Lusaka. The event will bring together legislators and regulators from across East and Southern Africa to discuss how African countries can take full advantage of the many benefits of factoring as a trade finance instrument.

Afreximbank President Jean-Louis Ekra said that the training activities were aimed at ensuring that African banks and financial institutions are adequately prepared to meet the trade finance needs of the continent.
He said that, in line with its mandate, Afreximbank was committed to supporting African financial institutions and corporates to adapt to the unique challenges associated with African trade.
Obi Emekekwue
Tel. +202-2456-4238)

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