G-NEXID members participate in Afreximbank’s Structured Trade Finance Seminar and Workshops


G-NEXID, NEXIM, SEP and IEB (from left to right)

 

Casablanca, 9 November 2018 – Organised by the African Export-Import Bank (Afreximbank) from 7 to 9 November 2018 in Casablanca, Kingdom of Morocco, the 2018 Structured Trade Finance Seminar and Workshops addressed the expertise gap in structured trade finance in Africa through 3-day intensive sessions combining presentations, panel discussions and case studies.

Convened for its 18th edition, the 2018 Structured Trade Finance Seminar and Workshops took place from 7 to 9 November 2018 in Casablanca, Kingdom of Morocco.

Organised by the African Export-Import Bank (Afreximbank), this major capacity building event of the African multilateral financial institution devoted to financing and promoting intra-and extra-African trade was designed as a concrete step to address the lack of expertise in structured trade finance in Africa.

As stated by Mr Amr Kamel, Executive Vice-President, Business Development and Corporate Banking of Afreximbank: “This 18th Structured Trade Finance Seminar progresses Afreximbank’s goal of strengthening the capacity of its partners and clients in understanding trade and trade-related project financing issues as they affect Africa and is driven by the widening trade financing gap and the challenge of increasing the continent’s share of global trade.”

In this context, the 3-day seminar addressed structured trade finance (quoting Afreximbank’s President, Professor Benedict Oramah, Mr Srinath Keshevan, CEO of Trade Risk Singapore defined it “the Art of transferring risks in financing trade and trade-related transactions from parties less able to bear those risks to those more equipped to bear them in a manner that ensures automatic reimbursement for the underlying transactions”) from a broader perspective.

It covered issues such as the regulatory and macroeconomic environment, AML/CFT Guidelines, risk mitigation compliance in trade finance and trade-based money laundering, intra-African trade, credit risk in structured trade finance deals, warehouse financing, fintech and fintech platform, trade finance origination, factoring, forfaiting and distribution, LMA loan documentation, syndications. and key legal aspects for francophone countries through the OHADA.

The presentations from Afreximbank focused on its Trade Finance Intermediaries (TFI) and Local Administrative Agents (LAA), the MANSA platform, its intervention in promoting & supporting factoring in Africa, its Trade Facilitation Programme, Agency and Syndications, and the upcoming intra-African Trade Fair (Cairo, 11-17 December 2018)

The Seminar also offered the opportunity for numerous networking activities, thus allowing interactions for fruitful business opportunities amongst participants.

The event attracted more than 200 participants and experts from various jurisdictions, including executives of banks firms and other financial institutions, senior governmental officials and financial regulators. G-NEXID was represented by 6 members (in addition to the organiser, the Central African States Development Bank – BDEAC, the Development Bank of Mali– BDM, Eastern and Southern African Trade and Development Bank- TDB, Indonesia Eximbank – IEB, the Nigerian Export-Import Bank- NEXIM) and the Secretariat.