UK development finance institution British International Investment (BII) has signed a $100-million risk-sharing facility for supply chain finance with trade and supply chain finance solutions multinational Citi to provide systemic liquidity and help Citi grow its supply chain finance product across Africa. The facility will enable Citi to increase supply chain finance facilities to existing customers and offer them to new customers. These facilities bring much-needed working capital to supply chains as they allow suppliers to Citi’s corporate clients to be paid early and at a beneficial rate of finance, BII says.
