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A planned European Union law requiring large and businesses and financial institutions to conduct human rights and environmental due diligence should also apply to export credit agencies (ECAs), activists say. The European Commission is currently working on a legislative proposal for mandatory due diligence which will require firms to assess the human rights and environmental ...
HSBC has appointed Patricia Gomes as regional head of commercial banking for the Middle East, North Africa and Turkey (Menat). Based in Dubai, Gomes takes over the role from Daniel Howlett, who is currently working with her during the transition process. She joins the Menat business from North America, where she was most recently regional ...
The number of suppliers taking early payment after invoice approval has doubled over the past five years, according to fresh research from supply chain finance (SCF) provider Taulia. The San Francisco-headquartered fintech says in a paper published this week that 38% of suppliers surveyed currently make monthly use of early payment programmes, up from 19% ...
A trade embargo placed on Mali by the majority of its neighbouring West African countries could affect its vital gold export sector in the coming months should a détente fail to be swiftly reached, analysts say. On January 9, the Economic Community of West African States (Ecowas) imposed sweeping sanctions on Mali after the country’s ...
Deutsche Bank has closed a lending facility to finance phase two of the Kumasi Market redevelopment project in Ghana, together with the UK Export Finance Agency (UKEF) and African Export-Import Bank (Afreximbank). The €184mn financing to the Republic of Ghana consists of a €145mn loan supported by UKEF and a €39mn commercial loan by Afreximbank. ...