Learn languages naturally with fresh, real content!

Popular Topics
Explore By Region
Afreximbank urges African nations to boost factoring to €240B to close SME financing gap and boost trade.
Afreximbank is urging African nations to expand factoring and supply chain finance to at least €240 billion to support SMEs, which drive over 90% of businesses and contribute significantly to employment and GDP.
Despite factoring volumes more than doubling since 2017—from €21.6 billion to €50 billion in 2024—and nearly 200 firms now operating across the continent, current levels remain far below potential.
The bank stresses that scaling factoring can help close Africa’s $300 billion annual SME financing gap, improve cash flow, and strengthen intra-African trade.
Efforts include policy reforms, legal framework improvements, training programs, and collaboration through initiatives like the African Continental Free Trade Area and the Pan-African Payment and Settlement System.
Afreximbank insta a las naciones africanas a impulsar el factoring a 240 mil millones de euros para cerrar la brecha de financiación de las PYME y estimular el comercio.