Trade finance unit offers a comprehensive range of trade finance programs to finance, and facilitate finance, that will support African trade with the rest of the world. The trade finance programs that will be deployed include:
The Africa Extractive Minerals Development Bank offers Letter of Credit (LC) Financing to facilitate international trade transactions. By providing a secure payment mechanism, we ensure that exporters receive payment and importers receive their goods, thereby fostering cross-border trade within the extractive minerals industry.
Our Factoring and Forfaiting services provide mining companies with immediate cash flow by purchasing their accounts receivables or trade receivables. This allows companies to convert their credit sales into instant working capital, enabling smoother operations and financial stability.
We offer Discounting services where mining companies can sell their promissory notes or trade bills to us at a discount. This provides them with immediate funds while waiting for payments from buyers, enhancing liquidity and ensuring continuous project funding.
Export Credit Agency (ECA) Financing is provided to support international trade by offering credit facilities backed by government export credit agencies. This service helps mining companies secure competitive financing terms for importing equipment and services essential for their operations.
The bank engages in Notes Purchases, acquiring debt instruments issued by mining companies. This service offers companies an alternative financing route, providing them with the necessary funds to support their projects while diversifying their funding sources.