Digital innovation, financial reforms key to closing Africa’s $100bn trade finance gap

PAC Research, one of Nigeria’s leading research outfits, has identified financial architecture, digital innovation, regulatory reforms and political commitment as critical to addressing Africa’s more than $100 billion unmet trade finance gap. The research outfit said digital payment systems, blockchain-enabled trade infrastructure, factoring and supply chain finance could significantly widen access to trade finance across the continent, but stressed that their effectiveness would depend on regulatory reforms, legal harmonisation, institutional capacity and sustained political commitment. Read More

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