REGIONAL CONFERENCE ON FACTORING AND RECEIVABLES FINANCE IN SOUTHERN AFRICA

CODIX WAS A SPONSOR OF THE REGIONAL CONFERENCE ON FACTORING AND RECEIVABLES FINANCE IN SOUTHERN AFRICA

CODIX was a sponsor of the Regional Conference on Factoring and Receivables Finance in Southern Africa. The event took place in Avani Hotel, Gaborone, Botswana, from Tuesday 12 March to Wednesday 13 March 2019.

The event focused on the characteristics, the benefits and the operational & legal aspects of Factoring, of the FCI Two-Factor System and of the new FCI-reverse service. Case studies illustrated the benefits realized for all parties in such financial arrangements.

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, as well as markets development, but also to network with players from the same region. It is generally recognised that Africa presents some of the most exciting global opportunities for economic development and expansion. The African industry is capable of providing support to this growth, but knowledge and capability need to be developed and shared. The African Chapter is in place to help support this expansion and skills creation at a regional level.

The topics of the event covered the World of Factoring, FCI, cross-border factoring opportunities for the Southern African Region, factoring in Africa, practical workshop and case studies. The aim of the meeting was to allow senior executives from African banks, government officials, regulators and entrepreneurs interested in starting a factoring activity, to learn about international factoring, its benefits and growth opportunities. The idea was to bring support and additional focus on cross border open account and supply chain finance services to the region.

The conference was attended by an audience of senior executives from the African region and beyond and, in particular, by leaders of:

• Factoring companies;
• Banks;
• Financial institutions;
• Regulators and law makers;
• Government agencies;
• Official organizations;
• SMEs;
• Companies offering their services to the world of factoring (lawyers, insurers, IT providers);
• Consulting firms;
• Exporters and other companies interested in the world of factoring.