Cairo, 25 September 2020: – The African Export-Import Bank (Afreximbank), in collaboration with the African Union, has hosted the second of its five webinars raising awareness for the African continent’s premier trade event, the Intra-African Trade Fair (IATF2021), which is to be held in Kigali, Rwanda, from 6 – 12 September 2021, under the theme
Fitch affirms Afreximbank’s BBB- credit rating
Credit ratings agency highlights strong solvency and liquidity, bolstered by ongoing and expected capital increases
Afreximbank appoints new Director of Syndications and Agency
Mr. Constantin von Moltke has more than 20 years’ experience of working for both commercial banks and development finance institutions in structured finance focused on syndicated lending
Emerging trends arising from Covid-19 yield trade and investment opportunities for agile businesses
Cairo, 21 September 2020: The African Export-Import Bank (Afreximbank), in collaboration with the African Union, has hosted the first of five webinars to raise awareness of the African continent’s premier trade event, the Intra-African Trade Fair (IATF2021), which is to be held in Kigali, Rwanda, from 6 – 12 September 2021
Afreximbank and ITFC Partner with ARSO to Facilitate Intra-African Trade in Pharmaceuticals and Medical Devices, under the Umbrella of the AATB Program
(Jeddah, Cairo, Nairobi, 14 September 2020) – The African Export-Import Bank (Afreximbank) and the International Islamic Trade Finance Corporation (ITFC), have partnered with the African Organisation for Standardisation (ARSO), to launch a new Arab-Africa Trade Bridges Program (AATB) initiative called the Harmonisation of Standards for Pharmaceutical and Medical Devices in Africa, aimed at promoting the
Afreximbank disburses US$200 million to Zenith Bank Plc Nigeria to cushion impact of COVID-19
Cairo, 11 September 2020: – African Export-Import Bank (Afreximbank) has disbursed US$200 million to Zenith Bank Plc Nigeria under its Pandemic Trade Impact Mitigation Facility (PATIMFA). The funds will assist Zenith Bank to continue to maintain foreign currency trade flows impacted by the COVID-19 pandemic. They will also allow Zenith Bank to on-lend to eligible
GCR affirms Afreximbank’s A- rating
Credit rating underpinned by Afreximbank’s strong status as one of the largest Multilateral Development Banks within the African region
Afreximbank wins Debt Deal of the Year Award at The African Banker Awards 2020
Cairo, 26th August 2020: – The African Export-Import Bank (Afreximbank), Africa’s foremost multilateral trade finance institution, was today announced winner of the Debt Deal of the Year Award at the 14th Annual African Banker Awards 2020 held virtually. The awards recognize institutions and individuals driving growth and development in Africa and creating new economic opportunities
Afreximbank provides $400m to the Export Trading Group to drive agricultural productivity and resilience
Three-year revolving global credit facility will strengthen African agricultural networks and bolster the continent’s food security
Afreximbank Delivers Solid Performance in H1 2020
Cairo, 24 August 2020: – African Export-Import Bank (Afreximbank) today released its unaudited financial statements for the six months ended 30 June 2020. Despite the impact of the Covid-19 pandemic on socio-economic conditions globally, the Bank saw its Net Income rise by 10% from US$137.63 million in June 2019 to US$150.75 million in June 2020,
Agence Française de Développement and the African Export-Import Bank sign a EUR 150 million agreement aimed at promoting sustainable and climate finance in Africa
Cairo, 19 August 2020: – On July 2nd 2020, Agence Française de Développement (AFD) and the African Export-Import Bank (AfreximBank) have announced a new facility agreement for a EUR 150 Million financing program to support Afreximbank in the implementation of its new climate finance strategy which will target green, low carbon, socially inclusive and more
Afreximbank commits US$400 million to Mozambique’s LNG Project
Cairo, 6 August 2020: – The African Export-Import Bank (Afreximbank), Africa’s foremost multilateral trade finance institution, is supporting the advancement of Mozambique’s energy industry and economy by committing up to US$400 million in guarantees and direct lending to the Area 1 LNG Project. The total Project is estimated to cost about US$24 billion and is