{"id":37870,"date":"2023-06-07T15:02:29","date_gmt":"2023-06-07T15:02:29","guid":{"rendered":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/afreximbank-settles-on-kush-bank-as-trade-finance-partner"},"modified":"2023-06-07T15:19:37","modified_gmt":"2023-06-07T15:19:37","slug":"afreximbank-settles-on-kush-bank-as-trade-finance-partner","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/afreximbank-settles-on-kush-bank-as-trade-finance-partner","title":{"rendered":"Afreximbank settles on Kush Bank as trade finance partner"},"content":{"rendered":"

Africa-Press – South-Sudan. <\/strong><\/span>The African Export and Import Bank (Afreximbank) has appointed Kush Bank as the trade finance intermediary (TFI) to reinvigorate trade and investment in South Sudan.<\/p>\n

According to a statement issued by Kush Bank yesterday, the appointment came barely after it had outlined its commitment to South Sudan Oil and Power 2022 to build linkages to reduce the costs of financing international trade across the country.<\/p>\n

\u201cWe are thrilled to announce that after several months of strong due diligence by the African Export-Import Bank (Afreximbank), Kush Bank Plc. has been appointed as a Trade Finance Intermediary (TFI) for Afreximbank in South Sudan.<\/p>\n

\u201cThis appointment is a testament to our commitment to national development and supporting the growth of SMEs in the country,\u201d a statement from Kush Bank read in part.<\/p>\n

The appointment tasks Kush Bank with providing linkage between Afreximbank and the South Sudanese business community to allow them access to global markets.<\/p>\n

\u201cWe will also take advantage of the open account trade facilitation capabilities of Afreximbank to be able to settle our obligations using their various trade payment platforms,\u201d the statement added.<\/p>\n

\u201cWe are proud to be associated with Afreximbank and to have been appointed as their trade finance intermediary in South Sudan. We believe that this appointment will help us to achieve our mission of supporting national development and promoting economic growth in the country.\u201d<\/p>\n

Afreximbank<\/b><\/p>\n

In 1993, Afreximbank, a pan-African multilateral financial institution, was founded with the vision of promoting and financing African trade and exports and addressing the financial gap.<\/p>\n

According to Kush Bank, small and medium-sized enterprises (SMEs) in South Sudan hardly grow as they are confronted by a myriad of challenges, for instance, a lack of affordable financing.<\/p>\n

\u201cThe appointment of Kush Bank as the trade finance intermediary for Afreximbank in South Sudan is, therefore, a significant step forwards in promoting economic growth and development in the country,\u201d the bank added.<\/p>\n

\u201cBy providing SMEs, youth, and women with access to affordable financing and the support they need to manage their loans effectively, Kush Bank can play a crucial role in promoting financial inclusion and entrepreneurship, as well as driving economic growth and job creation in South Sudan.\u201d<\/p>\n

Source: The City Review South Sudan<\/b><\/p>\n

For More News And Analysis About South-Sudan<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Sudan. The African Export and Import Bank (Afreximbank) has appointed Kush Bank as the trade finance intermediary (TFI) to reinvigorate trade and investment in South Sudan. According to a statement issued by Kush Bank yesterday, the appointment came barely after it had outlined its commitment to South Sudan Oil and Power 2022 to […]<\/p>\n","protected":false},"author":84,"featured_media":37868,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[3109,234,265,4156,4155,233,4154],"class_list":["post-37870","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-afreximbank","tag-africa-press","tag-africa-press-south-sudan","tag-kush-bank","tag-kush-bank-plc","tag-south-sudan","tag-trade-finance-intermediary"],"yoast_head":"\nAfreximbank settles on Kush Bank as trade finance partner - South Sudan<\/title>\n<meta name=\"description\" content=\"The African Export and Import Bank (Afreximbank) has appointed Kush Bank as the trade finance intermediary (TFI) to rein ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/afreximbank-settles-on-kush-bank-as-trade-finance-partner\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Afreximbank settles on Kush Bank as trade finance partner\" \/>\n<meta property=\"og:description\" content=\"The African Export and Import Bank (Afreximbank) has appointed Kush Bank as the trade finance intermediary (TFI) to rein ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/afreximbank-settles-on-kush-bank-as-trade-finance-partner\" \/>\n<meta property=\"og:site_name\" content=\"South Sudan\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-07T15:02:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-07T15:19:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2023\/06\/sm_1686138035.764874.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/afreximbank-settles-on-kush-bank-as-trade-finance-partner#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/afreximbank-settles-on-kush-bank-as-trade-finance-partner\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Afreximbank settles on Kush Bank as trade finance partner\",\"datePublished\":\"2023-06-07T15:02:29+00:00\",\"dateModified\":\"2023-06-07T15:19:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/afreximbank-settles-on-kush-bank-as-trade-finance-partner\"},\"wordCount\":387,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/afreximbank-settles-on-kush-bank-as-trade-finance-partner#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2023\/06\/sm_1686138035.764874.jpg\",\"keywords\":[\"Afreximbank\",\"Africa Press\",\"Africa Press-South-Sudan\",\"Kush Bank\",\"Kush Bank PLC\",\"South-Sudan\",\"Trade Finance Intermediary\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/afreximbank-settles-on-kush-bank-as-trade-finance-partner#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/afreximbank-settles-on-kush-bank-as-trade-finance-partner\",\"url\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/afreximbank-settles-on-kush-bank-as-trade-finance-partner\",\"name\":\"Afreximbank settles on Kush Bank as trade finance partner - 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