
How does FCI two-factor system work?
What is the great fascination about FCI?
What we have found most interesting in our work with FCI is the strong enthusiasm to support the much-needed growth of factoring in Africa, it is a coalition that has proven most effective in various ways, For instance
- Advocacy: Together we have undertaken joint advocacy work in relation to the creation of enabling legal and regulatory environment for factoring to thrive. In Nigeria, FCI and Afreximbank have made presentations before the National Assembly in Nigeria in support of the Factoring Bill that enabled a public hearing in the House of Representatives and under consideration by the Senate; and to the Central Bank of Nigeria to influence policy in favour of open account trade and in licensing requirements. In Botswana and Kenya Afreximbank and FCI have provided support to regulators in capacity building activities. We have also supported Egypt towards a revised Factoring and leasing law that came into effect in 2018 and which has had an impact on the growth of factoring companies in Egypt, from 4 firms some 5 years ago to 13 firms today.
- Awareness and Capacity building: This will arguably be the main flagship support of FCI to Africa – through the process of imparting knowledge and developing skills. We run series of workshops and conference every year, make available E-Learning courses as well as skills upgrade and capacity building through education.
- Membership mobilization: Afreximbank and FCI continue to carry out membership mobilizations missions to support our members (for relationship and retention purposes) as well as attract new members. In the last few years, we have focused on the big banking groups in Africa such as Ecobank, Orabank, Banque Atlantique, Banque of Africa, among others. These have resulted in FCI members growing to about 40 today.
- FCI has made Practical inputs and brought ideas on important projects/initiatives such as ways of facilitating credit insurance support to African factors, the AfDB Fund for Private Sector Assistance (FAPA) which for FCI has been instrumental in the approval, closure of the $500,000 grant,

International Importer and Exporters
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Factoring Company, Bank or Financial Institution
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