Trade finance rarely makes headlines, but it underpins the global economy. By some estimates, more than 80 percent of world trade relies on it. In Africa, however, the African Development Bank (AfDB) puts the trade finance gap at roughly $81 billion annually, a shortfall that limits small and mid-sized businesses from accessing capital.
Kevin Ramsamy, CEO of Alteia Fund, believes the opportunity is hiding in plain sight. "Trade finance itself is the oldest business model in the world," he said. "As long as people consume, trade finance will still be alive."
