Yaounde, September 22, 2021: – A delegation of the top executives and directors of African Export-Import Bank (Afreximbank) visited the site of the future Afreximbank Trade Centre for Central Africa in Yaounde on Wednesday afternoon, September 22, 2021.
Led by Professor Benedict Oramah, President and Chairman of Board of Directors of Afreximbank, the delegation was composed of Mr. Aliyu Ahmed, Mr. Gamal Negm, Dr. Denny Kalyalya, Mr. Victor Jerome Nembelessini Silue and Mr. Jean Marie Benoit Mani, all members of the Board of Directors of the Bank. They were accompanied by Mr. Denys Denya, Mr. George Elombi and Mr. Amer Kamel, Executive Vice-Presidents of Afreximbank, as well as Mrs. Kanayo Awani, Managing Director of Afreximbank’s Intra-African Trade Initiative, and members of the Bank’s staff.
The site located in Etoudi will house the Afreximbank Africa Trade Centre (AATC) for Central Africa. This will be a landmark building that will host the Bank’s regional office as well as a world-class hotel, a trade information center, a conference center and a trade show center, among others.
Until the project is finalized, the Afreximbank office for Central Africa, officially opened on September 24, 2021, is temporarily housed in the headquarters building of the National social insurance Fund {Caisse nationale de prévoyance sociale-CNPS} in Yaoundé.
The Afreximbank Trade Center for Central Africa is part of a larger program to transform the Bank’s regional offices and headquarters into a network of African Trade Centers.
– ENDS –
About Afreximbank
African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution mandated to finance and promote intra-and extra-African trade. Afreximbank deploys innovative structures to deliver financing solutions that support the transformation of the structure of Africa’s trade, accelerating industrialization and intra-regional trade, thereby boosting economic expansion in Africa. The Bank has a rich history of intervening in support of African countries in times of crisis. Through the Pandemic Trade Impact Mitigation Facility (PATIMFA) launched in April 2020, Afreximbank has disbursed more than US$6.5 billion in 2020 to help member countries manage the adverse impact of financial, economic, and health shocks caused by the COVID-19 pandemic. A stalwart supporter of the African Continental Free Trade Agreement (AfCFTA), Afreximbank has completed the development of a Pan-African Payment and Settlement System (PAPSS) that was adopted by the African Union (AU) as the payment and settlement platform to underpin the implementation of the AfCFTA. Afreximbank is working with the AU and the AfCFTA Secretariat to develop an Adjustment Facility to support countries in effectively participating in the AfCFTA. As of December 31, 2020, the Bank’s total assets and guarantees stood at US$21.5 billion, and its shareholder funds amounted to US$3.4 billion. Afreximbank disbursed more than US$42 billion between 2016 and 2020. The Bank has ratings assigned by GCR (international scale) (A-), Moody’s (Baa1) and Fitch (BBB-). The Bank is headquartered in Cairo, Egypt.
For more information, visit: www.afreximbank.com.
Follow us on Twitter | Facebook | LinkedIn | Instagram
Media contact:
Amadou Labba Sall, asall@afreximbank.com