Stay updated with breaking news from Exporta Publishing. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The African Export-Import Bank (Afreximbank) has signed a US$1.2bn syndicated term loan with 22 banks. The three-year facility will be used for general corporate purposes, refinancing existing facilities and for payment of facility costs, the pan-African lender says. “This successful transaction, launched against the backdrop of the volatility that resulted from the announcement of the ...
Abu Dhabi Islamic Bank (ADIB) has hired Mark Emmerson as its new head of global transaction banking, starting with immediate effect. Reporting to ADIB’s global head of wholesale banking, Michael Davis, Emmerson is tasked with supporting the trade finance and cash management needs of the bank’s corporate client base in the UAE and internationally. “In ...
United Bank for Africa (UBA) UK has appointed Kenton Hartwell as senior business development manager for trade finance. Hartwell joins from Africa Merchant Capital, where he most recently served as the general manager of its trade finance arm prior to its demerger at the end of last year. In his new position, Hartwell reports to ...
Trade finance platform Triterras is seeking to overturn Nasdaq’s decision to delist its securities from the US stock exchange, which was taken after the company repeatedly failed to file audited annual accounts. The New York-based exchange had informed Triterras on December 10 that trading of its shares would be suspended within 15 days, and that ...
US President Joe Biden has signed into law the Uyghur Forced Labor Prevention Act (UFLPA), preventing businesses importing goods into the US from China’s Xinjiang region, unless they can prove products were not made with forced labour. The UFLPA signed on December 23, presumes that “all goods, wares, articles, and merchandise mined, produced, or manufactured ...