Afreximbank (the African Export-Import Bank) has issued a strong call for increased trade finance capacity and greater collaboration among the continent's financial institutions. This call aims to accelerate inclusive and sustainable economic growth in Africa.

A plea for competence and collaboration

At the opening of the 25th Afreximbank Trade Finance Seminar (ATFS) in Abidjan, Ms. Gwen Mwaba , Afreximbank's Director General in charge of Trade Finance and related banking services, stressed the urgency of this approach.

"To translate this potential [of Africa] into tangible results, we need banks and financial institutions that are not only risk-aware, but also structurally competent ," she insisted.

The seminar aims to explore the major themes shaping the future of African trade finance, including:

1. The crucial role of digitization and technology .
2. The importance of data and transparency .

Transforming potential into concrete development

Ms. Mwaba pointed out that Africa is endowed with abundant resources:

1. Natural resources : minerals, hydrocarbons, agricultural products.
2. Value-added opportunities : energy, metals, logistics.

However, she clarified that this potential can only be realized if it is financed in a way that is:

1. Responsible
2. Effective
3. With rigorous risk management

The central role of qualified professionals

The director general highlighted the essential role of skilled finance professionals in building the future of African trade. Capacity building is key to transforming the continent's natural and human resources into measurable economic development.

“Well-trained bankers with sophisticated transaction structuring capabilities can tailor financing to capital-intensive value chains and align project financing with local development needs and environmental safeguards,” added Ms. Mwaba.

Trade financing: a vital resource

In conclusion, Ms. Mwaba reaffirmed the fundamental role of trade finance:

“Trade finance based on trust, risk assessment, and liquidity remains the cornerstone of trade, investment, and job creation. Our collective task is to ensure that this vital resource is reliably channeled to the businesses that need it and that its benefits are widely shared.”