If you are familiar with PayPal, Skrill or Apple Pay, then you know what an e-wallet is; an online application that allows you to deposit, withdraw, send, receive and manage money for financial transactions online. The best e-wallets will provide you with similar services to a bank account, with…
EXIM
What is an Investment Bond?
A bond is essentially a loan contract between two parties. The seller of the bond receives a loan from the buyer of the bond, for the value stated on the bond. The bond issuer (seller) then pays the bondholder (buyer) the interest due on that loan (bond), periodically for the…
Rising Indian Exports of Light Vessels, Fire Boats & Floating Docks
India’s ship building industry is experiencing significant growth in the export of light vessels, fire boats & floating docks, based on healthy increases in 2019 export figures. These vessels and floating structures come under Commodity Group 8905 in the UN Harmonized System Codes and are defined as, “Light-vessels, fire-floats,…
How to Avoid an Escrow Dispute
Many international trade transactions are completed using an escrow account. This method works to increase trust between two parties who are not familiar with each other. For example, the exporter may request the importer to place a certain amount of money in an escrow account; either the full amount for…
Automation is Transforming Agriculture
Traditionally, farming evokes images of hard labour and toiling in the sun. While that has not entirely changed, the people (or should we say “things”) doing the toiling and hard labour, are changing rapidly. We are fast moving to an age of automated farming, and not the type of…
Africa Tech Hubs Strengthening Tech Ecosystem
There is a tech boom going on in Africa, like almost everywhere else. However, the growth of the space is incredibly rapid in the continent. Accordingly, in 2019 there were 618 active tech hubs, while in 2018, this figure was only 442. That is a 40% leap forward. Tech…