Kampala law firm, Cymbell Advocates partners with London-based Rexton Capital Partners to offer unsecured Trade Finance facilities in Uganda Since 1998, Rexton Capital has built expertise in complex trade transactions in various jurisdictions on all continents. The facilities on offer in Uganda will include Letters of Credit, Bank Guarantees, Bid/Tender Bonds, Comfort Letters, Proof of Funds, among others.

International trade has been recognized as Africa’s answer to overcome the disadvantages of the continent’s relatively small economies. Unfortunately, such trade is hampered by various factors, key among which is Access to affordable finance or facilities. For many African countries, Uganda inclusive, the cost of finance is prohibitive, and the options are limited. In many cases, financial institutions require a suite of documents, information and security before advancing facilities for trade purposes. Most financial institutions insist on taking mortgage facilities, coupled with a charge over the entire assets and undertakings of a borrower. As a result, the number of traders,…