Latest news with #supplychainfinance
Zawya
23-07-2025
- Business
- Zawya
Bank of Africa Group launches working capital platform on Kyriba for 20-country network
DUBAI, United Arab Emirates --(BUSINESS WIRE)-- Kyriba, a global leader in liquidity performance, today announces its collaboration with the Bank of Africa Group. Bank of Africa, one of the largest Pan-African banking groups, has completed the implementation of Kyriba's Working Capital platform to deliver enhanced digitized supply chain finance capabilities across its extensive network serving 20 African countries. The first phase of the project facilitates working capital management for The Group's customers in Morocco with plans to expand to other markets. Bank of Africa has onboarded its first customer, with the aim to bring on several new customers in 2025. This collaboration underscores Kyriba's continued growth in the region and globally, as well as its unmatched receivables and payables finance solutions, dynamic discounting and supplier onboarding. Kyriba's expertise and platform will enable Bank of Africa Group's customers to enhance cash flow, strengthen supplier relationships, and maintain sustainable growth amid economic uncertainties. 'Bank of Africa Group's adoption of Kyriba's Working Capital solution demonstrates their commitment to innovation and underscores our ability to meet the complex needs of financial institutions in today's complex and volatile global economy. As the industry evolves, banks that embrace digitization and automation will be best positioned to lead—modernizing operations, gaining real-time visibility, and delivering more value to clients. Together, we look forward to setting a new standard for innovation and efficiency in African supply chain finance," said John Stevens, Kyriba's Global Head of Capital Markets, Financial Institutions & Working Capital. Kyriba has also seen incredible growth in the volume of working capital financing among both banks and corporates, growing nearly 5X since 2020 and more than doubling the number of invoices uploaded to the platform. This surge highlights the increasing focus on unlocking trapped liquidity and mitigating market volatility through working capital solutions, which can unlock cash flow by accelerating payables and accessing receivables. With over 6,500 employees and a legacy spanning more than a century, Bank of Africa Group is a key financial enabler empowering businesses and enhancing economic opportunities in Africa. 'Kyriba stood out to us for its local expertise, customer-centric approach, comprehensive product offerings, and proven impact delivering working capital efficiency to customers across the continent and world. We are excited to work with Kyriba to unlock new levels of financial insights that can help us optimize working capital and achieve operational success,' said Adil Lahbichi, Executive Director – Global Transaction Banking, Bank of Africa Group. The African supply chain market is poised for rapid growth, driven by increasing demand for working capital optimization. Bank of Africa Group's implementation of Kyriba's platform demonstrates the immense potential for digitized working capital solutions across the region. About Kyriba Kyriba is the global leader in liquidity performance, empowering CFOs, Treasurers and IT leaders to connect, protect, forecast and optimize their liquidity amid economic complexity. As a secure and scalable SaaS solution trusted by 3,000 customers, Kyriba delivers intelligence and financial automation through innovative technologies — including its trusted agentic AI (TAI) — bringing precision, efficiency, and insight to financial operations. With an expansive ecosystem of banking, technology and consulting partners, Kyriba's platform powers more than 3 billion bank transactions and $15 trillion in payments across 9,900+ banks annually – helping companies gain enterprise-wide visibility, ensure financial stability, and outperform their business strategy. About Bank of Africa Group BANK OF AFRICA is a multinational and multi-trade banking group. It was incorporated by Royal Dahir in 1959 under the name of Banque Marocaine du Commerce Extérieur, and has been transformed over more than 60 years to become BANK OF AFRICA since 2020, a universal bank that puts its expertise at the service of innovation, progress and excellence. Thanks to its large banking network on the continent and its international influence, BANK OF AFRICA is determined to take part in the emergence of Africa to make it the continent of the 21st century. Present in 32 countries across Africa, Europe, Asia and North America, BANK OF AFRICA has one of the leading banking groups in Africa, with nearly 2,000 branches. It serves 6.6 million customers worldwide and positions itself as a key economic bridge between Africa and the rest of the world.
News24
11-07-2025
- Business
- News24
When trade finance powers renewable energy, the lights stay on
By Niron Rampersad, Divisional Executive Trade, and Yusuf Chothia, Senior Client Coverage Banker Power and Infrastructure, at Nedbank Corporate and Investment Banking (CIB) Renewable energy ambitions are growing across the African continent: projects are being conceptualised, investment secured, and policy frameworks established. But what continues to slow progress isn't ambition – it's delivery. And what underpins delivery – trade? This is why trade and supply chain finance must shift from an operational necessity to a strategic imperative. It's more than just financial instruments – it's the backbone of execution. Letters of credit (LCs) secure payments to suppliers, bid and performance guarantees enable market entry, working capital solutions sustain momentum, and foreign exchange (FX) cover mitigates volatility. These elements aren't just supportive – they determine whether projects move forward or stall. Consider our work with WBHO, an experienced infrastructure contractor operating across borders, often in challenging environments. Their success is not only built on technical expertise but also enabled by trade and supply chain finance. Whether it's submitting a bid with a guarantee or accessing flexible working capital to keep progress moving on-site, trade finance plays a pivotal role. Trade finance is not theoretical – these tools are real, specific, and responsive to project realities. For example, a solar project delayed at port due to customs clearance is often less a logistics issue than a financial one. Currency volatility, if unmanaged, can throw off entire procurement schedules. And if a contractor lacks liquidity or coverage, execution risk intensifies. This is precisely why trade and coverage must operate in lockstep. When a client prepares to execute, we can't afford to be reactive. We anticipate. That means clearing internal hurdles – legal, compliance, treasury, risk – before they emerge. In one case, approval from the South African Reserve Bank was secured the same day, a direct result of proactive groundwork. It's this kind of foresight that keeps projects moving. Financial enablement underpins execution, not just at the start but through every procurement milestone. That's why solutions need to be agile. A timely LC, supplier guarantee, or currency hedge can make the difference between delay and delivery. To reinforce this momentum, we've also invested heavily in digitisation. Our digitised guarantees and LCs, partnerships with fintechs, and streamlined customs documentation have cut turnaround times dramatically. Still, we're clear-eyed: no amount of tech can solve the continent's deeper structural issues as non-tariff barriers, inconsistent border protocols, and regulatory disparities continue to undermine intra-African movement. Policy frameworks such as the African Continental Free Trade Area (AfCFTA) are critical here. With 48 countries ratified, AfCFTA has the potential to boost intra-African trade significantly. But patchy implementation limits its impact. That's why we argue that trade finance is infrastructure. Just like roads, ports, and grids, it enables movement. Governments and developers alike must treat it as such. Understandably, expectations around renewable energy are high. But they're being pursued in messy contexts, volatile currencies, fragmented supply chains, and long lead times. In sub-Saharan Africa, the cost of capital for renewables is 2 to 3 times higher than in developed markets. Meanwhile, the continent receives just 2 to 3 percent of global renewable investment, despite housing nearly 17 percent of the world's population. To shift that reality, we must treat trade and supply chain finance as central to bankability. That means development finance institutions, commercial banks, and governments must collaborate. We need harmonised documentation, regional liquidity pools, and early-stage trade solutions baked into project design. Success stories reinforce this point. Projects with integrated, responsive trade structures progress more smoothly. Our work with WBHO shows what's possible. As one WBHO executive puts it: 'When you're racing against time and operating across borders, you need a banking partner who sees the road ahead, not just the spreadsheet in front of them. Nedbank CIB's trade finance team doesn't wait to be asked. They move with us. It's made a tangible difference on the ground.' This isn't just about supporting one contractor. It's about building an execution ecosystem. Everyone from the developer to the equipment supplier benefits when trade finance enables momentum. Heading into the Africa Energy Forum, let's widen the conversation. It's not just about megawatts or investment figures. It's about delivery mechanics. It's about whether procurement timelines are bankable, and whether trade flows can move with speed and certainty. Africa's energy transition can't be driven by vision alone – it must be delivered through turbines turning, panels installed, and communities electrified. That requires understanding finance not just as capital, but as movement. And that's what we bring to the table: not just the promise of infrastructure, but its delivery. Trade finance belongs at the centre of Africa's energy story.
Yahoo
28-06-2025
- Business
- Yahoo
BBVA Partners with Olea to Broaden Global Supply Chain Finance Access
Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) is one of the 11 best European stocks to invest in. On June 24, BBVA announced a strategic collaboration with digital trade finance platform Olea to expand its supply chain finance (SCF) offerings worldwide. The collaboration targets emerging markets and Asia, aiming to streamline cross-border transactions with real-time data, risk analysis, and faster execution. A business professional banking from their laptop, taking advantage of the company's investment services. With Olea's reach across 70+ trade corridors, the partnership addresses financing challenges for mid-sized suppliers and supports scalable, inclusive SCF solutions. BBVA plans to integrate future innovations like AI-driven credit scoring and sustainable finance models, further enhancing its role in next-gen global trade. Banco Bilbao Vizcaya Argentaria SA (BBVA) offers retail, private, wholesale banking, and asset management services across six regions: Spain, the U.S., Mexico, Turkey, South America, and the rest of Eurasia. Its operations span banking and insurance activities, with regional subsidiaries and branches supporting localized financial services throughout Europe, the Americas, and Asia. While we acknowledge the potential of BBVA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Finextra
24-06-2025
- Business
- Finextra
BBVA allies with Olea on supply chain finance
BBVA CIB has entered into a strategic alliance with Olea, a digital platform specialized in international trade finance and risk solutions, to strengthen its global supply chain finance (SCF) offering. 0 This agreement will allow BBVA to provide comprehensive and scalable solutions to support the growth of internationally active companies, optimizing their supply chains in an increasingly demanding global environment. Through this partnership, BBVA expands the scope of its SCF solutions—currently offered in Europe, USA and Latin America—and extends them globally. In doing so, the bank offers its corporate clients a fast, flexible solution adapted to the specific characteristics of each transaction and market. Integrated solutions tailored to each transaction The alliance entails deep operational integration, with direct coordination between BBVA's and Olea's commercial teams, a joint model focused on major trade corridors, and the use of real-time data for more accurate risk assessment. This analytical and execution capability addresses the needs of companies requiring agility, multi-currency coverage, and financing models that are simple to implement, without compromising the sophistication and control required. According to Pep Ferrís, Head of BBVA CIB in Asia, 'with this partnership, BBVA strengthens its commitment to being the go-to bank for its global clients in Asia as well—a key market for the internationalization and transformation of supply chains. Integrating solutions like those offered by Olea enables us to respond more swiftly, closely, and effectively to our clients' challenges.' 'In an environment marked by geopolitical uncertainty, supply chain finance has become a key tool to enhance the resilience and competitiveness of companies,' stated Eva Rubio, Head of Global Transaction Banking at BBVA. 'With this alliance, we strengthen our ability to support our global clients with innovative, comprehensive solutions prepared to tackle the challenges of international trade.' "Supply chain finance has become a key tool to enhance the resilience and competitiveness of companies" Amelia Ng, CEO of Olea, added: 'This alliance is not only about expanding access to finance but about building a clear and scalable bridge between global buyers and their supply chains. Together with BBVA, we are fostering a more inclusive, sustainable, and connected trade ecosystem.' The joint offering also addresses one of the longstanding challenges in international trade: access to credit for mid-sized suppliers outside their local markets. Olea consolidates financing, compliance, and credit risk assessment into a single platform, enabling BBVA to offer a more inclusive, secure, and efficient solution across all links of the supply chain. Olea operates in more than 70 trade corridors, with a particular focus on emerging markets, where it connects global liquidity with commercial opportunities through digital solutions that streamline international financing. Commitment to transforming global trade Through this alliance, BBVA cements its position as a strategic partner for companies operating in complex environments and seeking customized solutions to drive their international expansion. The joint proposal offers real-time data-based risk assessment, greater operational agility—reducing turnaround times from weeks to days—and expanded access to a validated global supplier network.
Zawya
28-05-2025
- Business
- Zawya
Nigeria: Finceptive closes oversubscribed $1.8mln series 1 commercial paper issuance
Finceptive Limited, a leading provider of supply chain financing solutions in Nigeria, has announced the successful completion of its N3 billion Series 1 Commercial Paper (CP) issuance. The offer, which was opened to institutional investors from May 6 to May 12, 2025, was oversubscribed, demonstrating strong market confidence in the company's operational performance, corporate governance, long-term vision, and credit profile. The 268-day tenor CP issuance marked Finceptive's debut in the Nigerian debt capital market. This reinforces the company's strategic effort to diversify its funding sources and deepen its liquidity. Proceeds from the issuance will be strategically deployed to fuel Finceptive's continued growth, bolstering working capital reserves and enabling the company to capitalize on emerging opportunities in the supply chain finance market. 'We are thrilled by the positive reception of our debut issuance,' said Ogochukwu Anerobi, Group Chief Executive Officer of Finceptive Limited. 'This milestone is more than just a successful raise; it's a resounding signal that the market believes in what we're building. We're not just financing supply chains; we're redefining how businesses access the capital they need to grow.' Finceptive Limited is a pioneering supply chain finance solutions provider, empowering vendors, and suppliers of Nigeria's leading corporations across key sectors including FMCG, Manufacturing Telecomms, and Financial Services. By leveraging its expertise in Factoring and Receivables Financing, Finceptive unlocks vital working capital, driving growth and efficiency for its clients. With a proven track record of innovation and a strategic entry into the commercial paper market, Finceptive is poised to cement its position as a market leader in Nigeria's rapidly evolving supply chain financing landscape, solidifying its reputation as a trusted partner for businesses seeking to optimize their supply chain operations. Finceptive Limited's ratings of BBB from DataPro and BBB- from Agusto & Co underscore the company's financial standing and provided a solid foundation for the successful issuance. The Commercial Paper was registered with the FMDQ Securities Exchange, and Cordros Capital Limited acted as the Lead Arranger on the transaction. Copyright © 2022 Nigerian Tribune Provided by SyndiGate Media Inc. (
