African trade finance sees $5 bn in portfolio outflows in Q1 2020 due to Covid-19, but opportunities exist

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African trade finance sees $5 bn in portfolio outflows in Q1 2020 due to Covid-19, but opportunities exist - report

« on: April 23, 2021, 07:05:47 AM »

African trade finance sees $5 bn in portfolio outflows in Q1 2020 due to Covid-19, but opportunities exist - report

Constrained global financial conditions caused by Covid-19 have led to massive portfolio outflows from Africa, exceeding $5 billion in the first quarter of 2020, a new continent-wide survey on trade finance has shown. About $3.1 billion left the South African market alone, the report found.
Source: African trade finance sees $5 bn in portfolio outflows in Q1 2020 due to Covid-19, but opportunities exist - report

- gist culled from pulseng

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