African Export-Import Bank views factoring as an important tool for expanding and facilitating African trade and in particular, extension of support to small and Medium scale Enterprises. This is because we believe that it 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 supports Factoring companies and Financial Institutions African performing Factoring through the Africa Chapter.

Working under the auspices of the International Factors Group (IFG), Afreximbank explores various forms of collaboration to enable it provide assistance to this sector.

About Factoring 

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