Monthly Archives: April 2023
Posted: April 25, 2023
For businesses entering the global trade arena, trade finance solutions provide the vital financial lifeline needed to help contribute towards a growing economy. According to the Organisation for Economic Co-operation and Development (OECD), “Trade finance serves as the lifeblood of the day- to-day international trade”. They can be likened to a bridge of sorts that connects exporters and importers, providing stability in the domain of international trade and helping to ease the buying and selling of goods. On one end, these financial instruments ensure that exporters receive payment for their goods and services, and on the other, importers gain the ability to secure timely deliveries of their interests. This is all facilitated through bespoke finance solutions such as letters of credit, bank guarantees and supply chain financing.
The Importance of trade finance in Africa