Afreximbank (African Export Import Bank) headquartered in Cairo, was established in 1993 by African Governments, both African and Non-African private and institutional investors/financial institutions, with the purpose to finance, promote and expand intra- and extra-African trade. Afreximbank is a leading member of FCI and together they introduce a model factoring law for Africa to enable SCF offerings.
The African Continent is known of its major trade finance gap for SMEs. One of the bank’s strategic goals is to expand its trade finance offerings through SCF to close this finance gap, corresponding with the bank’s mandate to enable trade finance on the African continent.
Capital Chains supported Afreximbank with a comprehensive SCF Readiness Quick Scan report based on internal cross-functional interviews, providing hand-on insights on the bank’s next moves for SCF accompanied with a high-level business case for the introduction of SCF on the African continent.