BII-Citi danger sharing facility to spice up SCF for African companies

However, with the commerce finance hole in Africa at $81bn, based on the Africa Development Bank, the brand new facility is unlikely to make a dent in Africa’s provide chain financing wants.

“What we must recognise is that this is a step in the right direction,” says Parvaiz Dalal, international head of provide chain finance at Citi.

“Once the facility is underway and proven to be successful, we are confident that other partners will come to the continent and provide more supply chain finance solutions,” he says.

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