Trade finance signifies financing for trade, and it concerns both domestic and international trade transactions. A trade transaction requires a seller of goods and services as well as a buyer. Various intermediaries such as banks and financial institutions can facilitate these transactions by financing the trade.
While a seller (or exporter) can require the purchaser (an importer) to prepay for goods shipped, the purchaser (importer) may wish to reduce risk by requiring the seller to document the goods that have been shipped. Banks may assist by providing various forms of support. For example, the importer's bank may provide a letter of credit to the exporter (or the exporter's bank) providing for payment upon presentation of certain documents, such as a bill of lading. The exporter's bank may make a loan (by advancing funds) to the exporter on the basis of the export contract.
... of Congo, the report said ... One of the proposals the kingdom is considering involves extending financing to commodities-trading giant Trafigura for a flailing Congo cobalt and copper project, which could help provide a potential Tesla factory with supplies, the WSJ report said.
Africa Finance Corporation (AFC), Africa’s leading infrastructure solutions provider, reported 16 percent growth in total assets driven by high impact investments and its strong credit profile ... Wema Bank, UnionSystems collaborate on trade finance automation.
Invited to the conference were senior diplomats, businessmen, bankers, journalists and significantly a coterie of African ministers of trade, commerce, industry, and finance, but also PresidentFelix Tshisekedi of the Democratic Republic of the Congo (DRC) in his capacity as ...
Trading in Winmar's stock on the Australian Stock Exchange is halted, pending a Winmar shareholder meeting to consider, among other items, an AUD$8,000,000 equity financing in support of Winmar's pending acquisition of a Congo copper — cobalt processing facility.
... of operations and establishment of the body's free trade area. During a meeting of the Ministers for Trade and Finance affairs in Kinshasa, DR Congo, in May, a special tariff was established to be imposed on imports by member states for products originating outside the region.
"We will also finance the Republic of Congo in building a new port and railway at Pointe-Noire port, and build a harbor industrial park and special economic zone, so as to develop a new layout of China-ROC oil production capacity cooperation," Lin says.
Natural resources are a major driver of armed conflict, fueling and incentivizing violence in diverse countries including Sierra Leone, Congo, and Afghanistan. Diamonds, other minerals, and ivory trades finance and motivate armed groups, driving them to terrorize civilians and destabilize societies ... One such case is of Sierra Leone ... Mohamed A ... .
SUSPECTED rebels from Uganda killed as many as 100 people in a spate of attacks in eastern Democratic Republic of Congo in recent days, Congolese officials said on Monday, a sign of how armed groups continue to pose a security threat to the country ... Aid officials accuse armed groups of dealing in illegal mineral trade to finance their warfare.
The Santa Clara company's officials recently declared that they had rid their supply chain of minerals from the Democratic Republic of the Congo sold by militias that commit gross human rights abuses ... The trade was similar to so-called "blood diamonds," in which groups in Liberia and Sierra Leone financed armies through diamond sales.
The mining and trading of these conflict minerals in the Democratic Republic of the Congo has helped finance the warring groups in the country's bloody civil war ...It's so personal, but we know nothing about it." ... hide captionThe Fairphone ... "This is about changing the minds of people, more than trying to solve the war in Congo," he acknowledges ... .