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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. ...
HSBC has appointed Natalie Blyth to the newly created role of global head of commercial banking sustainability, effective immediately. In her new position, Blyth is tasked with driving HSBC’s sustainability plans within commercial banking, in collaboration with group chief sustainability officer Celine Herweijer, who the bank brought in from PwC in February last year. She ...
Despite the continued impact of the pandemic, the disruption to global supply chains and the transformative effect of technology on trade and trade finance, GTR’s most-read stories of 2021 focused on the commodity finance sector. In some cases, the most popular stories – as measured by page views – were outlier events. In one example, ...
Despite a stable end to 2021, the commodity finance industry remains wary of being embroiled in another fraud scandal. Though price rises and strong liquidity have led to booming business at the top end of the market, smaller traders continue to struggle for access to finance. Could strengthening collateral checks or warehouse inspections help mitigate ...