Cairo, 06 March 2018: – The African Export-Import Bank (Afreximbank) will support the Ghana Export-Import Bank (GEXIM) to achieve its objective of playing significant role in driving Ghana’s industrialisation agenda, Dr. Benedict Oramah, President of the continental trade finance institution, said today in Cairo.
“We are very eager and very enthusiastic to work with GEXIM,” said Dr. Oramah at the Afreximbank Headquarters when he received a GEXIM delegation led by Robert Ahomka Lindsay, Deputy Minister of Industry of Ghana, noting that GEXIM’s focus areas were in line with the strategy being implemented by Afreximbank.
He said that Afreximbank had decided to take an interventionist approach in addressing the challenges affecting trade in Africa by taking actions to show that things were possible.
Afreximbank was focusing on intra-African trade because it believed that it was such trade that would drive everything else, including regional integration and industrialisation, stated Dr. Oramah. To do what it had set out to do, Afreximbank needed strong national institutions and governments as partners.
Earlier, Mr. Lindsay said that the delegation was in Cairo to see how GEXIM and Afreximbank could develop a relationship to support the important role which GEXIM was expected to play in Ghana.
He said that the Ghanaian government was looking forward to tangible and actionable steps which the two institutions could take together to foster the economic advancement of the Ghanaian people.
Accompanying Mr. Lawrence from GEXIM were Kwadwo Boateng Genfi, Chairman; Lawrence Agyinsam, CEO; and Nana Ama Poku, Deputy CEO.
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Media Contact: Obi Emekekwue (oemekekwue@afreximbank.com; Tel. +202-2456-4238)
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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, it has approved more than $51 billion in credit facilities for African businesses, including about $10.3 billion in 2016. Afreximbank had total assets of $11.7 billion as at 31 December 2016 and is rated BBB+ (GCR), Baa1 (Moody’s), and BBB- (Fitch). The Bank is headquartered in Cairo. For more information, visit: www.afreximbank.com