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SMEs' Demand for Trade Finance in Africa: the Case of Kenya and Tanzania - Volume 14

The trade finance gap in Africa has been widely researched over the years and remains unacceptably high, at USD 81.8-billion in 2019 (AfDB-Afreximbank, 2020). The Covid-19 pandemic, which further disrupted trade in Africa, also affected the trade finance activities of banks across the continent, according to a survey on the impact of Covid-19 on African Trade Finance (Afreximbank et al., 2020). Small and medium-sized enterprises (SMEs), which are among the most significant contributors to African economies, were particularly affected by limitations in the supply of trade finance (Afreximbank et al., 2020). ....

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