Afreximbank and Sterling Bank Launch Innovative Payables Finance Solution in Nigeria
In a bold move to revolutionize trade finance in Africa, the African Export-Import Bank (Afreximbank) has teamed up with Sterling Bank to present 'Payables Finance' under the moniker 'Afreximbank Tradelink.' This initiative is a cornerstone of the Africa Trade Gateway (ATG) program, designed to empower African corporates and commercial banks with advanced digital tools. These tools are pivotal for accessing market information, facilitating buyer and seller connections, streamlining procurement, optimizing KYC processes, and promoting trade payments in local currencies.
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