Access Bank Seeks to Bridge Africa’s $81bn Trade Finance Gap

Access Bank Plc has announced plans to host its inaugural Africa Trade Conference to tackle the continent’s $81bn annual trade finance gap.

Scheduled for March in Cape Town, South Africa, the conference will be held under the theme “Empowering Africa Through Trade, Innovation, and Sustainable Growth.” It aims to address systemic challenges limiting trade, particularly for SMEs and domestic businesses, by fostering collaboration among key stakeholders. Discussions will focus on innovative solutions, sustainable trade practices, and strategies to integrate African economies into global value chains.

Group Managing Director and CEO of Access Bank, Roosevelt Ogbonna, highlighted the importance of the event:

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“The Africa Trade Conference represents a crucial step in redefining Africa’s trade potential. By creating platforms for dialogue, innovation, and actionable solutions, Access Bank is enabling African businesses to connect and thrive in the global economy.”

With operations in 24 countries, including 15 across Africa, Access Bank is strategically positioned to facilitate both intra- and inter-African trade. Its expanding footprint enhances its ability to address trade complexities and drive inclusive growth across the continent.

Executive Director, African Subsidiaries, Seyi Kumapayi, further emphasized the broader vision of the conference:

“The Africa Trade Conference is a platform to not only address Africa’s trade challenges but to champion the continent’s opportunities. Through strategic partnerships and tailored financial solutions, built on the ethos of sustainability, we are paving the way for Africa’s businesses to take their place on the global stage.”

The event will bring together a distinguished lineup of speakers, including top executives from international banks, development finance institutions, and key industry leaders across Africa.

A major focus will be the Africa Continental Free Trade Area (AfCFTA), which seeks to eliminate trade barriers, improve infrastructure, and integrate African economies into global trade networks.

Additionally, discussions will cover digitization and innovation in global trade, overcoming trade barriers, enhancing market access, sustainable trade practices, and innovative financing models. The conference aims to provide a strategic roadmap for positioning Africa as a key player in global commerce.