The African trade finance gap currently stands at $81 billion, largely driven by global bank de-risking and a 20% rise in SME rejection rates. Furthermore, while regulatory hurdles remain significant, the rise of AfCFTA and digital platforms like 360tf offers a clear path toward liquidity.
The African trade finance gap currently stands at $81 billion, largely driven by global bank de-risking and high SME rejection rates. Furthermore, while regulatory hurdles remain significant, the rise of AfCFTA and digital platforms like 360tf offers a clear path toward liquidity.
Understanding Letter of Credit is essential for successful international trade. Furthermore, businesses must identify the specific roles of each bank to manage risks effectively. Because correct documentation ensures prompt payment, this guide explores various LC types and necessary paperwork to streamline your global finance operations and secure your transactions.
