The President of African Export Import Bank, Afreximbank, Benedict Oramah, on Wednesday launched a new book on structured trade finance.
The book marks a major attempt in simplifying the complex subject of structured trade finance for easy understanding by trade professionals, academics and the business community in Africa and beyond.
In his opening address, Mr. Oramah said the book was borne out of his desire to share the secrets of structured trade finance with business people and the financial world.
“ I wrote this book out of my passion and desire to share my wealth of experience and knowledge of structured trade finance to the world in my belief that it will allow for better understanding of the dynamics surrounding the subject.”
In a keynote speech, the Minister for Trade and Investment, Okechukwu Enelamah, represented by his special adviser on trade, Femi Edun, eulogized the author for making it possible for millions to have an insight on the secrets behind structured trade finance.
He described Mr. Oramah as a made in Nigerian product exported to the African continent.
Mr Edun expressed optimism that Africa can solve her trade and economic problems with support of some of the people present at book launch including Aliko Dangote , Pat Utomi, Tony Elumelu and Donald Duke.
The launch of the 230-page book also had a panel discussion on“ Finance ,Trade and Economic Dominance- The Knowledge Of Power and the Power of Knowledge”
The book dwells on the subject as an effective instrument for attracting trade finance to regions like Africa which receive limited trade finance and lag behind in trade and economic performance.
Structured trade finance further stresses the urgent need for detailed guidance on the subject as it grows and becomes more complex in an increasingly risk based regulatory environment.