African trade finance sees $5 bn in portfolio outflows in Q1 2020 due to Covid-19, but opportunities exist – report

April 26, 2021 Ein News 0 Comments

Constrained global financial conditions caused by Covid-19 have led to massive portfolio outflows from Africa, exceeding $5 billion in the first quarter of 2020, a new continent-wide survey on trade finance has shown. About $3.1 billion left the South African market alone, the report found. Launched on 15 April 2021, the African Trade Finance Survey Report (https://bit.ly/3v9JTD2) examines how trade finance has evolved during the Covid-19 pandemic and highlights the role it can play in overcoming the social and economic fallout of the disease. The survey was conducted by African Export-Import Bank (Afreximbank) (www.Afreximbank.com), jointly with the UN Economic Commission for Africa and the African Development Bank-hosted Making Finance Work for Africa (https://bit.ly/3dIFcu1) Partnership. Read More.

Leave a Reply:

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.