Regional Conference on Factoring and Receivables Finance in East Africa

Radisson Blu Hotel Nairobi Upperhill Elgon Road Nairobi, Kenya From Thursday 27 February 09:00 to Friday 28 February 13:00

For this edition, Afreximbank and FCI decided to organise the yearly regional conference in Nairobi, Kenya.

 

Factoring continues to grow successfully both in mature and in emerging markets. Through their control methods and permanent monitoring of the receivables of their clients, factoring companies or factoring divisions/departments of banks are able to provide more financing than traditional lenders to Small and Medium-sized Enterprises (SMEs) and at the same time limit their credit risk to acceptable levels.
Companies use Factoring as a flexible source of financing as it facilitates the much-needed access to finance by corporates and SMEs thereby improving their competitiveness based on the focus on Open Account Trade and the Two–Factor System, which have proven to be most effective during periods of financial and economic challenges.
A typical service provided by a Factor includes investigating the creditworthiness of the seller’s buyers, assuming credit risk on those same buyers and providing credit protection against the debtor default and/or bankruptcy.
Ultimately, the Factor provides the seller a guarantee of the debtors’ inability to pay, prompt collection of accounts receivable, manages the receivables ledger, and provides financing through immediate cash advances against outstanding and assigned receivables.

FCI’s African Chapter decided to organize a regional event, focusing on a regional view on factoring, offering attendees a unique opportunity, not only to discuss the current state of the industry, new challenges and products & markets development, but also to network with players from the same region.

More information in the brochure

Registrations are closed.

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