African export-import bank The FLACS - African export-import bank


Afreximbank is actively promoting Intra-African Trade and has identified Factoring as one of the instruments to support SMEs who are integral to the supply chains and require Supply Chain Financing.

Afreximbank believe that Factoring will allow African businesses to trade more competitively through the use of Open Account and other modes of importation other than Letters of Credit.

Therefore, the Bank has designed and implemented a strategy around 5 pillars (1) Financial Intervention; (2) Legal and Regulatory Frameworks; (3) Awareness and Capacity Building; (4) Services; (5) and Strategic Partnerships. (FLACS [1]).