Monthly Archives: August 2023
Posted: August 16, 2023
Unlocking opportunities with import financing: A beginners guide
The African region awaits entrepreneurs who are ready to make their mark. Proven in 2022 by a 15.5 percent growth in merchandise imports to US$706 billion, the thriving import market spans significantly from fruits, chia seeds and even to urea. This diversity in commodities points to the testament that is Africa's business potential. Where the key to unlocking these opportunities lies in understanding import financing and leveraging instruments tailored towards the current African market. This guide will introduce you to the concepts of import financing, with an emphasis on organisations that specialise in this field, such as Afreximbank and ATEX.
Understanding Import Financing: An Introduction
When a gap exists between the purchase of goods from a seller and the receipt of payment