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- Mrs Kanayo Awani, Executive Vice President, Intra-African Trade and Export Development at Afreximbank
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Afreximbank says Africa must raise factoring volumes to at least €240 billion to support Small and Medium Enterprises (SME)-led transformation
Africa’s factoring volumes have more than doubled in recent years, increasing from €21.6 billion in 2017 to €50 billion in 2024, and with nearly 200 factoring companies now operating across the continent
Afreximbank (www.Afreximbank.com) has highlighted the critical importance of factoring and supply chain finance (SCF) in narrowing Africa’s Small and Medium Enterprises (SMEs) financing gap and building resilient value chains across the continent. Speaking at Afreximbank’s annual Factoring Workshop in Abidjan, Côte d’Ivoire, Mrs Kanayo Awani, Executive Vice President, Intra-African Trade…