Afreximbank to host 2024 trade seminar in Windhoek
Afreximbank heads to Windhoek
The event will address critical trade finance trends and tools and offer training in innovative strategies to bolster Africa's trade ecosystem.
African bankers, financiers, legal practitioners, insurers and professionals from regulatory agencies and corporations from across the African continent involved in trade finance will gather in Windhoek from 5 to 8 November for the annual Afreximbank Trade Finance Seminar (ATFS) and Factoring Workshop. The event will address critical trade finance trends and tools and offer training in innovative strategies to bolster Africa's trade ecosystem. The seminar underscores Namibia's commitment to advancing intra-Africa trade as well as global trade facilitation.
Titus Ndove, executive director in the ministry of finance and public enterprises will deliver the keynote address.
The seminar will host a number of world-class speakers covering a broad range of topics and technical training workshops.
Gwen Mwaba, the MD of trade finance and correspondent banking, said the seminar will equip bankers with knowledge to aid them in their day-to-day roles.
"This seminar aims to equip participants with essential knowledge and skills to navigate the complexities of financing transactions and structuring viable trade deals amidst increasing and heightened global economic uncertainty," Mwaba said.
"By enhancing expertise in trade and trade-related deals, participants will not only drive national economic growth and boost public and private sector revenues through enhanced income generation, but also enable governments to execute critical development projects. Our aim is to foster a collaborative environment where these key stakeholders can share insights and strategies to strengthen Africa's trade finance landscape and unlock new opportunities for growth.”
Tailored for the continent
Africa's trade finance gap is estimated to be between US$90 billion and US$120 billion per year.
The exiting and scaling back of many international banks from Africa have severely limited local lenders' ability to finance clients' import and export needs and created record demand for trade finance in Africa.
The seminar is a cost- and time-efficient capacity-building seminar tailored to African markets for professionals involved directly or indirectly in trade finance, providing them with valuable knowledge and expert training.
Among the speakers at the workshop is Neal Harm, the secretary general of the FCI, the global representative body for factoring and financing of open account domestic and international trade receivables headquartered in the Netherlands.
The full-day factoring workshop on 8 November will focus on 'Solving the African Micro Small Medium Enterprise (MSMEs) Trade Finance Gap through Factoring and Supply Chain Finance” and provide valuable insights into how this alternative financing method can effectively bridge the finance gap for MSMEs.
Factoring is a vital trade finance tool that provides MSMEs with access to financing, helping to boost trade under the African Continental Free Trade Area (AfCFTA).
Interested attendees can register for the Afreximbank Trade Finance Seminar and Factoring Workshop by visiting https://apo-opa.co/3YjsWav.