• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Saturday, June 28, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home News

Afreximbank commends Congo for adopting “Factoring Law”

Afreximbank

The Matters Press by The Matters Press
March 14, 2022
Reading Time: 2 mins read
0
Eswatini for $140m Afreximbank’s credit

Afreximbank

The African Export-Import Bank (Afreximbank), has congratulated the Republic of Congo for adopting the “Factoring Law” to support business activities.

RELATED POSTS

Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group

N1.5trn recapitalisation of Agric bank will herald food security – TMV

Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

According to the bank, the move is a critical milestone in its efforts to increase Africa’s share of global factoring volumes from its current level of about one per cent.

Afreximbank’s Media Contact, Amadou Sall gave the commendation in a statement made available to newsmen on Monday in Abuja.

Sall said that the factoring law offers an alternative trade finance instrument to African firms, especially Small and Medium Enterprises (SMEs).

He said that the law would provide a major boost to the development and growth of SMEs in the Republic of Congo.

Sall said that the legal infrastructure supports diversification of SMEs financing, as well as provides credibility and assurance to investors.

According to him, the law significantly facilitates access to finance for previously excluded small and medium businesses in the Republic of Congo.

Sall said that the Republic of Congo’s initiative would serve as a model to Central African states in particular, and other African states that were yet to enact a law on factoring, by demonstrating the benefits of such legal reforms.

He said that the President and Chairman of the Board of Directors of Afreximbank, Prof. Benedict Oramah, said “the Republic of Congo’s adoption of the Factoring Law represents a major step forward for Africa’s thriving SMEs, and broadens financial options to them.

“The adoption of the law will act as a catalyst to the growth of factoring in Congo. We are delighted that the Congolese Government is championing innovative ways of doing business and promoting financial inclusiveness.

“We are proud of our role in facilitating this process,” Oramah said.

Sall said that Afreximbank’s Factoring Working Group, led by Miss Kanayo Awani, the Managing Director of the Bank’s Intra African Trade Initiative, played a pivotal role in the development of the law.

Tags: Afreximbank
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

$2.5 billion JBS investment, a big economic victory for Nigeria –  TDF
Economy/Technology

Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group

June 27, 2025
ActionAid, SWOFON call for urgent completion of BOA recapitalisation
Agriculture

N1.5trn recapitalisation of Agric bank will herald food security – TMV

June 26, 2025
Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF
Energy

Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

June 25, 2025
Tinubu’s Visit to Benue, Mark of True Leadership, Renewed Hope
News

Tinubu’s Visit to Benue, Mark of True Leadership, Renewed Hope

June 25, 2025
79 candidates for presidential election
News

Tinubu’s new INEC building: A consolidation of democratic institutions, legacy in Nigeria – TDF

June 23, 2025
Gombe: Troops take over to enforce peace
News

Nigerian Army kills 6,260 terrorists, rescues 5,365 civilians in 2 years

June 20, 2025
Next Post
Politics hampers NSE in 2018

NGX, MTNN sign MoU

NBCC, stakeholders seek tech. infrastructure

NBCC hosts maiden exhibition to unlock Nigeria’s trade

Recommended Stories

Trading in Nigerian stock market dips further N83bn

NGX launches West Africa’s first exchange derivatives market

April 14, 2022
Osinbajo advises world leaders to consider the poor in addressing economy, health issues

Osinbajo unveils book, says Nigeria requires green hydrogen investments

April 28, 2023
Trading in Nigerian stock market dips further N83bn

Trading on NGX closes green, up by N51bn

December 18, 2021

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group
  • N1.5trn recapitalisation of Agric bank will herald food security – TMV
  • Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us