Bridging Africa's trade finance gap
As Africa's leading trade finance bank, Afreximbank drives economic integration, trade expansion, and sustainable development. CNBC Africa’s David Alabi spoke to Aidan Applegarth, Founder, Banking & Management Consultancy, Bankingwise, on the importance of transitioning from cash transactions to digital solutions to streamline trade facilitation and make transactions more efficient and cost-effective both locally and internationally.
Fri, 08 Nov 2024 10:53:01 GMT
Disclaimer: The following content is generated automatically by a GPT AI and may not be accurate. To verify the details, please watch the video
AI Generated Summary
- Learning from Past Mistakes: Leveraging Insights from Global Trade
- Embracing Digital Transformation: Enhancing Information Accessibility and Risk Mitigation
- Fostering Collaborative Trade Ecosystems: Promoting Shared Learning and Funding Opportunities
Africa's leading trade finance bank, Afreximbank, plays a critical role in promoting economic integration, trade expansion, and sustainable development across the region. In a recent interview with CNBC Africa, Aidan Applegarth, Founder of Banking & Management Consultancy at Bankingwise, discussed the importance of transitioning from traditional cash transactions to digital solutions to streamline trade facilitation and make transactions more efficient and cost-effective, both locally and internationally. The conversation focused on key strategies to mitigate risks, enhance information accessibility, and foster greater collaboration in the African trade landscape. Applegarth emphasized the need for Africa to learn from the experiences of other regions and leverage digital tools to propel growth. As the continent positions itself strategically in the global trade arena, the adoption of advanced technologies and proactive risk management approaches is essential to drive sustainable trade finance practices and capitalise on emerging opportunities. Let's delve deeper into the key insights shared in the interview.
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