Cairo, 4 June 2019: – The African Export-Import Bank (Afreximbank) and the Japan Bank for International Cooperation (JBIC) have signed a general agreement for a $300-million export credit line, which can be availed in US dollars and euros, to support projects in Afreximbank member states. The credit line, signed in Cairo on 31 May,

Cairo, 22 May 2019: – The African Export-Import Bank (Afreximbank) has released its abridged unaudited financial performance for the three months ending 31 March 2019, showing a 59 per cent growth in total revenues to $240.71 million compared to the $151.17 achieved during the same period in 2018. The results, released in Cairo, show that

Antananarivo, 17 May 2019: – President Andry Rajoelina of Madagascar has urged the African Export-Import Bank (Afreximbank) to partner with the government in its effort to make the country the “window into a modern Africa”. Speaking yesterday in Antananarivo when he received an Afreximbank delegation led by Prof. Benedict Oramah, President of the Bank, President

    Moroni, 15 May 2019: – The African Export-Import Bank (Afreximbank) is in discussions to provide financing for transactions valued at about $100 million in Comoros, Bank President Prof. Benedict Oramah, said today in the country’s capital city of Moroni. Prof. Oramah, who was speaking when he led an Afreximbank delegation on a visit

      Kigali, 14 May 2019: – The second Intra-African Trade Fair (IATF2020) scheduled to take place in Kigali from 1 to 7 September 2020 will target the execution of intra-African trade deals worth more than $40 billion, Prof. Benedict Oramah, President of the African Export-Import Bank (Afreximbank), announced today. Prof. Oramah was speaking

Cairo, 18 April 2019: – The African Export-Import Bank (Afreximbank) has announced the disbursement of an EUR100 million revolving global credit facility to Mota-Engil Engenharia e Construçáo África, S.A. (Mota-Engil Africa) to support the company to implement key developmental projects in Africa. Such projects include the construction of trade-carrying and trade-supporting infrastructure required for the

  Cairo, 17 April 2019: – The African Export-Import Bank (Afreximbank) has been awarded the mandate to serve as the exclusive financial adviser and mandated lead arranger for the $130-million bauxite mine expansion project by Sierra Mineral Holdings 1 Limited (Vimetco) in Sierra Leone. The mandate was announced in Freetown on 4 April during a

Washington D.C., 15 April 2019: – The African Export-Import Bank (Afreximbank) is working, with the support of African Union (AU), to create a digital ecosystem that will eliminate the major bottlenecks to trade finance flows within Africa, Bank President Prof. Benedict Oramah has announced in Washington D.C. Delivering an address on 11 April at the

Cairo, 12 April 2019: – A cohort of 11 African trade finance practitioners have embarked on the 2019 version of the Certificate of Finance in International Trade (COFIT) offered by the African Export-Import Bank (Afreximbank) in collaboration with the FCI+IFG Union and the University of Malta. The 2019 COFIT cohort will be the fourth for

Prof. Benedict Oramah, President of the African Export-Import Bank (Afreximbank), on 5 April 2019 in Marrakesh, Moroco, met with Adnan Yıldırım, Chief Executive Officer (CEO) of the Export Credit Bank of Turkey (Turk Eximbank), to explore opportunities for collaboration between the two institutions. Speaking during the meeting, Prof. Oramah said that Afreximbank was seeing a

Cairo, 07 April 2019: – The African Export-Import Bank (Afreximbank) has released its abridged audited financial statements for the year ended 31 December 2018, showing strong financial and operational performance, with total comprehensive income for the year amounting to $285.4 million. The total comprehensive income reflects a solid growth of 24 per cent compared to

Cairo, 29 March 2019: – The African Export-Import Bank (Afreximbank) yesterday made good on its donation of $1.5 million in support of the relief effort for victims of Tropical Cyclone Idai, sending a high-level delegation to the embassies of Mozambique, Zimbabwe and Malawi in Cairo to deliver documents formally conveying the donations to the three