Windhoek: Annual Afreximbank Trade Finance Seminar (ATFS) and Factoring
Bankers, financiers, legal practitioners, insurers, and regulatory professionals from across Africa involved in trade finance will gather in Windhoek, Namibia, from November 5 to 8 for the Annual Afreximbank Trade Finance Seminar (ATFS) and factoring.
The event will address critical trends in trade finance, related tools, and will provide training on innovative strategies to strengthen the African trade ecosystem.
Mr. Titus Ndove, Executive Director of the Ministry of Trade and Public Enterprises of Namibia, will deliver the keynote address, emphasizing Namibia’s commitment to promoting intra-African trade and facilitating global trade. The seminar will feature several world-renowned speakers covering a wide range of topics and technical training workshops.
Ms. Gwen Mwaba, Managing Director of Afreximbank, responsible for trade finance and banking correspondence, stated: “This seminar aims to equip participants with the essential knowledge and skills to navigate the complexities of transaction financing and structuring viable trade agreements in a global context marked by increasing economic uncertainties.”
“By enhancing their expertise in trade and trade agreements, the seminar will enable participants to stimulate national economic growth and increase revenues for both the public and private sectors through enhanced income. It will also allow governments to implement essential development projects. Our goal is to promote a collaborative environment in which these key players can share their ideas and strategies to strengthen the trade finance landscape in Africa and unlock new growth opportunities.”
The trade finance gap in Africa is estimated to be between $90 and $120 billion per year.
The reduction in activities and the withdrawal of many international banks from Africa have significantly limited local lenders’ ability to finance their clients’ import and export needs, creating record demand for trade finance in Africa.
The Afreximbank Trade Finance Seminar (ATFS) and factoring is a capacity-building event tailored to African markets, allowing professionals directly or indirectly involved in trade finance to acquire valuable knowledge and benefit from expert training at a low cost and within reasonable timeframes.
Among the workshop speakers is Mr. Neal Harm, Secretary General of FCI, the global representative body for factoring and open account receivables financing, headquartered in the Netherlands.
The one-day factoring workshop will be held on November 8, focusing on the theme: “Addressing the Trade Finance Gap Facing African Micro, Small, and Medium Enterprises (MSMEs) Through Factoring and Supply Chain Financing.” This activity will provide valuable insights on how this alternative financing method can effectively bridge the financing gap for MSMEs.
To participate in the trade finance seminar and the Afreximbank factoring workshop, interested individuals can register by clicking on this link: Registration.