Exclusive for: Finance professionals
Date & Time: 14 April 2022 11:00
The African Continental Free Trade Area (AfCFTA) took effect on 1 January 2021, creating the largest free trade area in the world. It brings together 1.3 billion people across 55 countries with a combined GDP valued at US$3.4 trillion and has the potential to lift 30 million people out of extreme poverty. This represents an enormous opportunity for commercial banks, developmental financial Institutions, fintechs and other players to help close the trade finance gap in Africa, which is estimated to be between $80 billion and $100 billion at any point in time.
To operate in this new ecosystem, CFOs need to consider how the current financial technology systems being rolled out globally help prepare for this. And they need to address the issue of costs containment and opportunities for new revenue streams for entrepreneurs across the continent. In this webinar, you will hear from Absa Corporate and Investment Banking experts Bohani Hlungwane, Karen Matsiko, Mosa Tshabalala, and Oladapo Adeigbe as they reveal how the bank plans to close the trade finance gap.
11h00-11h05: Introduction and welcome by Caylynne Fourie, CFO South Africa managing editor
11h05-11h15: Bohani Hlungwane unpacks the trade finance gap and how it stifles growth
11h14-11h25: Karen Matsiko reveals how digitisation forms part of the trade finance ecosystem
11h25-11h35: Mosa Tshabalala and Oladapo Adeigbe explores how Absa plans to close the gap by leveraging its experience and partnerships
11h35-12h00: Q&A – Your chance to get your trade finance questions answered by these Absa CIB experts