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Trade finance in frontier and emerging markets: mobilizing capital for impact at scale

Across Frontier and Emerging Markets, access to finance is a persistent obstacle to sustainable growth. Nowhere is this truer than trade finance – without access to trade finance, many SMEs would simply die. While trade finance is a thriving global industry
comprising myriad public and private players, in Frontier and Emerging Markets it remains a crucial problem.

Sarona – a global leader in emerging markets impact investing – set its sights on this crucial problem. With funding support from Global Affairs Canada and MEDA, Sarona worked with Mbuyu Capital (based in Nairobi and London) to examine this issue.

To read a summary of the overall findings Click here.

Trade Finance Research Brochure

Sarona Asset Management is a Canada-based global impact investment manager with nearly USD 350 million under management* and a 16-year track record. We invest to unlock markets and build shared prosperity, combining institutional-grade expertise with local insight. Sarona serves as investment manager to Australian Development Investments (ADI), Australia’s AUD 250 million international impact fund-of-funds. Across our platform, we connect capital, people and opportunity to help markets grow and communities thrive.

*As of December 31, 2025.

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