The African Development Bank (AfDB), African Export–Import Bank (Afreximbank) and FCI, an organisation which represents companies in the international factoring market and provides buying and selling of finance in the trade sector, have formed a partnership.

Under the partnership agreement, AfDB, Afreximbank and FCI will create a special purpose grant funded by the AfDB’s trust fund which will drive the capacity building of emerging factoring firms in Africa.

For more information, please see https://iclg.com/alb/15503-afdb-fci-and-afreximbank-launch-factoring-support-grant