Uche Usim, Casablanca
The Executive Vice President, Business Development and Corporate Banking of the African Export-Import Bank (Afreximbank), Mr Amr Kamel and and the Director of the Treasury and External Finance Department at the Ministry of Economy and Finance, Kingdom of Morocco, Faouzia Zaaboul have described the annual Afreximbank’s annual Structured Trade Finance conference and exhibitions as a robust platform that offers African countries vital pathway to boosting intra-African trade and increasing the continent’s global exports.
Addressing the opening of the Fundamentals of Structured Trade Finance Seminar and Workshops in Casablanca, Morocco yesterday, Kamel expressed regret that Africa still suffered from worrisome manpower dearth in structured finance, despite being a highly effective trade financing tool.
He assured that Afreximbank remained committed to equipping African financiers with the knowledge required to structure bankable trade and trade related project finance transactions that will take the continent to the next level.
“This 18th Structured Trade Finance Seminar progresses Afreximbank’s goal of strengthening the capacity of its partners and clients in understanding trade and trade-related project financing issues as they affect Africa and is driven by the widening trade financing gap and the challenge of increasing the continent’s share of global trade,” he said.
Kamel added that Africa had much to learn from the economic transformation of Morocco, noting that “Many years of modernising and expanding its infrastructure has successfully transformed Morocco into a commercial crossroads between Africa and the West.”
In her address on behalf of the Government of the Kingdom of Morocco, Ms. Zaaboul thanked Afreximbank for having chosen Morocco to host the seminar which represents a platform for learning and exchange on an important theme relating to structured trade finance
Zaaboul stressed the role that intra-African trade can play in structuring development, especially as a vector of regional integration
The Structured Trade Finance Seminar and Workshop is being attended by more than 200 participants and experts from across the globe, including executives of banks, law firms and other financial institutions, senior government officials and financial regulators as well as corporates actively engaged in the promotion and financing of African trade and trade-related projects.
More than 1,750 African trade finance professionals have taken part in the seminars and workshops since they were introduced.
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