Mr. Nassourou Aminou, FCI Africa Chapter Regional Manager
Amsterdam, 4 January 2021 – FCI along with Afreximbank announce the appointment of Mr. Nassourou Aminou as the new Regional Manager for Africa. The recruitment of the Africa Chapter Regional Manager is a joint effort of FCI and Afreximbank. Mr. Nassourou Aminou is a Cameroonian and joins FCI with tremendous experience in factoring, credit insurance and IT support solutions for factoring and receivables finance. He was previously a consultant specializing in the development and implementation of factoring software in African countries. Before then he worked with Coface as Regional Head of Factoring Projects. During this period, he launched the first factoring activity in West & Central Africa with ten commercial banks, combining credit insurance and technology coupled with their financing to support the growth of the factoring activities of these banks. Mr. Aminou who also worked as an auditor for PwC and other accounting firms in the region holds a master’s degree in Accounting and Finance from the Catholic University of Central Africa, Yaoundé, Cameroon.
FCI Secretary General, Peter Mulroy commenting on the recent hire said: “I am delighted that Nassourou has joined the FCI team. As Africa is still in its infancy stage in terms of a developing factoring market, it requires the support of experienced professionals to promote factoring and its best practices. Nassourou will be close to factoring providers to assist them in launching the product. He possesses significant experience, skills and an abundance of enthusiasm, and we know that Nassourou will make a great addition to our team and support FCI and the Afreximbank in our mission to help spread factoring to all corners of the continent”
Mrs. Kanayo Awani, Managing Director, Intra-African Trade Initiative at Afreximbank and Chairperson of the FCI Africa Chapter added: “The FCI Africa Chapter will benefit a great deal from Nassourou Aminou’s experience. He will support the Bank and FCI’s efforts in promoting and creating much-needed awareness about factoring as well as its legal and regulatory advocacy work on the adoption of the Afreximbank Model Law on Factoring. Aminou will help in capacity building and bespoke training to support emerging factors, regulators, lawmakers, and other stakeholders. The perennial challenge of the absence of payment and credit information resulting in the conspicuous lack of access to credit insurance, a key requirement for the growth of factoring, will be given prominence”
About FCI (previously known as Factors Chain International):
FCI was set up in 1968 as a non-profit global association for factoring companies around the world. Today, FCI has grown into the world’s representative factoring and receivables finance association and business network with close to 400 members in 95 countries. Today, FCI is truly the global representative body for the Factoring & Receivables Finance Industry. FCI offers three primary pillars of support to the Industry:
CONNECT: the Business network aids its members by providing a legal and messaging platform to execute cross-border factoring activities between both export and import factors
EDUCATE: FCI promotes and develops best practices in both domestic and international factoring and related Open Account Finance products
INFLUENCE: FCI promotes and defends the Industry with stakeholders and policy makers worldwide
Website: www.fci.nl Email: fci@fci.nl
About Afreximbank
The African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution with the mandate of financing and promoting intra-and extra-African trade. Afreximbank was established in October 1993 and owned by African governments, the African Development Bank and other African multilateral financial institutions as well as African and non-African public and private investors. The Bank was established under two constitutive documents, an Agreement signed by member states, which confers on the Bank the status of an international organization, and a Charter signed by all Shareholders, which governs its corporate structure and operations. Afreximbank deploys innovative structures to deliver financing solutions that are supporting the transformation of the structure of Africa’s trade, accelerating industrialization and intra-regional trade, thereby sustaining economic expansion in Africa. At the end of 2019, the Bank’s total assets and guarantees stood at USD$15.5 billion and its shareholders funds amounted to US$2.8 billion. Voted “African Bank of the Year” in 2019, the Bank disbursed more than US$38 billion between 2016 and 2020. Afreximbank has ratings assigned by GCR (international scale) (A-), Moody’s (Baa1) and Fitch (BBB-). The Bank is headquartered in Cairo, Egypt. The Bank implements its mandate using three broad services:
- Credit (Trade and Project Finance)
- Risk Bearing (Guarantees)
- Trade Information and Advisory Services
Website: www.afreximbank.com