Axios Credit Bank Ltd

29/01/2024

Kenyan Government to Terminate G2G Oil Supply Deal

The Kenyan government has announced plans to exit a controversial oil supply agreement launched last April between state entities and three Gulf exporters.

Introduced by President William Ruto to halt the plummeting Kenyan Shilling against foreign currencies, the G2G deal involved three national oil exporters from the Gulf. However, according to a report by the International Monetary Fund (IMF), the Treasury revealed that the scheme has failed to yield the expected results.

Quoting the Treasury, the report states, "The government intends to discontinue the oil import arrangement due to the distortions it has caused in the FX market, along with the increased rollover risk of private sector financing facilities supporting it. We remain committed to seeking private market solutions in the energy sector."

Read more: https://bit.ly/3ShPyUT

The Kenyan government has announced plans to exit a controversial oil supply agreement launched last April between state entities and three Gulf exporters.

29/01/2024

Unlock growth opportunities with Axios Credit Bank Ltd, Streamline international transactions, and secure your trade deals with our tailored solution!

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Website: https://www.axioscreditbank.com/

03/01/2024

International Economic Growth Is Expected To Fall In 2024, Says Banks

Many leading banks anticipate based on certain studies and surveys that growth is expected to diminish in #2024 and the reasons might be high interest rates, elevated energy prices, and the retardation of two top global . Banks warn that the financial and wars in the Middle East and seem to be adding more to worsen the international financial outlook. agree that the world will try its best to avoid getting into a , however, there will be a chance of a mild recession in the and .

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Global economic growth to slow in 2024, and recession risks grow. Know how global economies in 2024.

31/12/2023

HAPPY NEW YEAR 2024.🎇🎆

#2024

25/12/2023

Merry Christmas 2023 🎄🎁

22/12/2023

Embark on a journey of global business excellence with Axios Credit Bank's hassle-free International Trade Finance Services. 🌍 Our tailored solutions ensure smooth and secure transactions, empowering your ventures across borders. From letters of credit to documentary collections, we provide comprehensive services to enhance your international trade experience. At Axios Credit Bank, we understand the intricacies of global commerce, offering personalized support to streamline your transactions. 🚀💼



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Website: https://www.axioscreditbank.com/
For Callers : +65 3158 1809
Email: [email protected]

11/11/2023

May this Diwali bring with it fresh hopes, brighter days, and new dreams! Wishing you and your family a very happy Diwali!

21/09/2023

Crisis Management – Strategies to Keep Business Afloat

In this world, if talking about disasters then they are a fact of life. Does not matter, it is a global epidemic, a financial downturn, an interruption in the supply chain, or anything else out of the normal, companies need to be equipped to ride out the storm. Services dealing in trade finance include the bank guarantee and letter of credit, are the best tools for disaster management. They can help businesses get through rough times while maintaining their operations going.

Getting a handle on why crisis management is important
If it comes to crisis management then it is a system of getting ready, responding to, and bouncing back from a disaster or emergency that affects the business operations, image, or more. It is impossible to exactly understand what will happen in every condition, companies can manage different kinds of issues well.

Read more: https://bit.ly/48e0x8G

Discover the strategies and best practices for crisis management to help your business stay afloat during challenging times.

21/09/2023

Russia's Transition to the 1.6 Billion Asian Market, Attracting Investment from India, China, and Other Countries

The Eastern Economic gathering is an annual global gathering hosted in Vladivostok, Russia, to encourage investment in Russia's Far East. The conference has been a platform for host Russia and international trade partners India, China, Laos, Mongolia, and ASEAN states to discuss strategic concerns since its formal inception.

President Putin presented a blueprint of Russia's trade finance service towards Asia, particularly with China, Japan, Korea, India, and the ASEAN states, as well as Russia's Arctic goals, at the 8th Far Eastern Economic Forum between September 10 and 13.

Read more: https://bit.ly/46ondBL

Learn how Russia is transitioning to the 1.6 billion Asian market and attracting investment from India, China, and other countries.

21/09/2023

G20 Summit Unveiled: Five Crucial Insights for the World

Notwithstanding having acknowledged that there were certain stipulations made on the turmoil in the Ukraine and the need for environmental action, the G20 summit in New Delhi nevertheless proceeded to surpass expectations and reach agreement on a single declaration by world leaders. The G20 summit's ability to bridge divergent viewpoints and forge a consensus on critical global issues showcased its capacity to drive international cooperation and address pressing challenges.

Read more: https://bit.ly/3EMsmaP

Learn about the groundbreaking discussions and agreements at the G20 Summit and unlock the five most impactful insights for the world.

14/09/2023

China’s highest exports fall in the last three years

China faces the highest exports fall in the last three years in June, slumping a worse-than-expected 12.4% year-on-year, these signs mount on stress from the struggling global economy and Chinese policymakers face growing pressure for stimulus measures. Imports also fell more than expected, down by 6.8%, customs data showed.

The momentum in China’s post-pandemic recovery has slowed after the pickup in the first quarter, the analysts are now degrading their projections for the economy for the rest of the year as factory output slows in the face of persistently weak global demand.

The outbound shipments from the world’s second-largest economy slumped a worse-than-expected 12.4% year-on-year in June, this data was shown by China’s Customs Bureau on Thursday, following a drop of 7.5% in May. The imports contracted to 6.8% steeper than the expected 4% decline and the previous month’s fall of 4.5%.

Read more: https://bit.ly/45Saveq

Highest export fall experienced by China in the last three years in June with a worse-than-expected 12.4% year-on-year. The Chinese policymakers face growing pressure.

13/09/2023

Do You Really Need Financial Help for Exports?

Exporting goods and services across international borders has the potential to generate significant profits for businesses, but it also comes with a number of challenging financial challenges. The highly complex world of international trade is further complicated by the existence of numerous more trade instruments, such as bank guarantees and letters of credit. For businesses to successfully traverse this environment and accomplish their objectives, they need export finance services, which offer the necessary money as well as risk mitigation. We'll delve into the reasons why export financing is crucial for companies engaged in international trade in this piece, as well as the methods it may help these companies overcome financial challenges and succeed in the global market.

Read more: https://bit.ly/3EDrUMc

Do you need financial help to be able to export your goods and services? Learn more about getting the support and guidance you need to make your exporting dreams a reality.