Estimated reading time: 3 minutesIn 2023, the World Factoring industry exhibited robust resilience and growth, with a 3.6% increase in volume compared to 2022. Although the growth rate has stabilised compared to recent years’ volatility, it reflects a return to pre-pandemic stability. Over the past two decades, factoring has shown remarkable strength, with a compounded annual growth rate of 8.3%. AfricaAfrica accounts for 1.2% of the global volume at €47 billion, with a growth rate of 13.5%. Middle EastThe Middle East, with 0.3% of the global volume, remained flat, largely due to data collection challenges.

Source: The North Africa Journal May 21, 2024 13:01 UTC