Afreximbank to Host Annual Trade Finance Seminar and Factoring Workshop in Windhoek
From November 5 to 8, Windhoek will welcome some of Africa’s leading financial experts, regulators, and corporate representatives for the highly anticipated Afreximbank Trade Finance Seminar (ATFS) and Factoring Workshop. The event aims to tackle emerging trends and practical tools for strengthening Africa’s trade finance infrastructure amidst growing global economic challenges.
The seminar will feature a keynote address from Titus Ndove, Executive Director of Namibia’s Ministry of Finance and Public Enterprises, highlighting Namibia’s dedication to bolstering intra-African and global trade.
Organized by Afreximbank, the event is set to host a wide range of industry experts, including Ms. Gwen Mwaba, Managing Director of Trade Finance & Correspondent Banking at Afreximbank. Mwaba noted that the seminar is designed to equip participants with the critical skills and knowledge necessary for financing and structuring trade deals, particularly amid the uncertainties facing the global economy.
“Africa’s trade finance gap, estimated at between $90 billion and $120 billion annually, has been exacerbated by the withdrawal of several international banks from the continent. Local lenders are struggling to meet the high demand for trade finance, particularly for MSMEs,” Mwaba emphasized.
A key highlight of the event will be a full-day Factoring Workshop on November 8, focused on addressing the African Micro, Small, and Medium Enterprise (MSME) trade finance gap through factoring and supply chain finance.
Neal Harm, Secretary General of FCI, the Global Representative Body for Factoring and Financing of Trade Receivables, will lead the workshop. Attendees will gain insights into how factoring can serve as a crucial financing tool for MSMEs, helping drive economic growth under the African Continental Free Trade Area.
For more information and registration, attendees can visit Afreximbank Seminar Registration.
Source: Namibia Economist
