Windhoek, 15 March 2016: – The African Export-Import Bank (Afreximbank) will work to expand the involvement of local entrepreneurs in key sectors of the Namibian economy in order to increase the country’s intra-African trade linkages, especially within the southern-African region, Afreximbank said in Windhoek today.
Speaking during the opening of a business forum organized by the Bank, Gift Simwaka, Afreximbank’s Regional Manager for Southern Africa, said that the intervention would focus on such sectors as agriculture, agro-processing, mining and fishing.
“The Bank is committed to deepening its activities in Namibia to support the country’s Vision 2030 strategy, which underlines its economic development agenda,” he said, pledging that Afreximbank would give lines of credit, loans and guarantees to qualifying entities engaged in export manufacturing activities.
Also speaking, Ebson Uanguta, Deputy Governor of the Bank of Namibia, stated that trade was at the heart of Namibia’s economic agenda and, as such, the country welcomed the opportunity to benefit from t
he facilities offered by Afreximbank.
The collaboration between the Bank of Namibia and Afreximbank in the marketing of Afreximbank products in Namibia represented an important step towards promoting regional cooperation and economic integration, said Mr. Uanguta.
The one-day forum brought together institutions and corporate entities engaged in trade finance and trade-related activities from different sectors of the economy along with members of the financial sector, business associations, chambers of commerce and government agencies in Namibia.
The event is part of an awareness campaign being organized by Afreximbank in its member countries to enhance knowledge about its products and programmes and to strengthen collaborative networks, gather insights about the needs of the business community and expand trade finance activities.
Media Contact: Fleur Tchibota (ftchibota@afreximbank.com; Tel. +202-2456-4260)
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About Afreximbank:
The African Export-Import Bank (Afreximbank) is the foremost Pan-African multilateral financial institution devoted to financing and promoting intra- and extra-African trade. The Bank was established in October 1993 by African governments, African private and institutional investors, and non-African investors. Its two basic constitutive documents are the Establishment Agreement, which gives it the status of an international organization, and the Charter, which governs its corporate structure and operations. Since 1994, Afreximbank has approved almost $35 billion in credit facilities for African businesses, including about $4.5 billion in 2014. Afreximbank is headquartered in Cairo. For more information, visit: www.afreximbank.com