Afreximbank Donates $1.5 Million to Support Tropical Cylone Idai Relief Efforts in Mozambique, Zimbabwe and Malawi; Also Plans Deployment of Post-Crisis Interventions

Cairo, 28 March 2019: – The African Export-Import Bank (Afreximbank) has announced the donation of $1.5 million to support the relief effort in aid of the victims of Tropical Cyclone Idai which devastated the southern African countries of Mozambique, Zimbabwe and Malawi recently. Afreximbank President Prof. Benedict Oramah said that the relief package was approved

Uganda’s Minister of State for Tourism Visits Afreximbank

26 March 2018 – A Ugandan delegation led by Kiwanda Ssuubi, the Minister of State for Tourism, visited the headquarters of the African Export-Import Bank (Afreximbank) yesterday to explore opportunities for working with the Bank, particularly in the tourism sector. Mr. Ssuubi said that the delegation wanted to gain an understanding of the Bank’s Construction/Tourism-Linked

Afreximbank Proffers Factoring to Ease Access to Financing for African SMEs

Cairo, 18 March 2019: – The African Export-Import Bank (Afreximbank) has made the case for factoring as a viable and sustainable solution to address the challenge of access to financing which is hindering the growth of Africa’s small and medium-scale enterprises (SMEs). Kanayo Awani, Managing Director of the Intra-African Trade Initiative at Afreximbank, said on

Eswatini Joins Afreximbank as 51st Participating State

Cairo, 06 March 2019: – The Kingdom of Eswatini today in Cairo deposited the instrument of its accession to the 1993 Agreement for the Establishment of the African Export-Import Bank (Afreximbank), making it the 51st African country to become a participating or shareholder state of the continental trade finance institution. The instrument, signed on 25

Afreximbank Appoints Audit Director

Cairo, 03 March 2019: – The African Export-Import Bank (Afreximbank) has announced the appointment of Abel Osuji as Director of its Internal Audit Department following the upgrade of that function into a full department. Until the appointment, Mr. Osuji had, since 2010, served as Senior Manager heading the internal audit function of the Bank which

Afreximbank President Welcomes Cape Verde Vice Prime Minister

Cairo 28 Feb. 2019 – The President of the African Export-Import Bank (Afreximbank), Prof. Benedict Oramah, yesterday in Cairo received Olavo Avelino Garcia Correia, Vice Prime Minister and Minister of Finance of Cape Verde, who visited the Bank’s headquarters on a courtesy call. Speaking during the meeting, Mr. Correia said that Cape Verde intended to

Afreximbank Opens Registration for 2019 Annual Meetings

Cairo, 28 February 2019: – Registration for the 2019 Annual Meetings of the African Export-Import Bank (Afreximbank), which will be held in Moscow, has opened, according to information released today by the Bank. Afreximbank announced in Cairo that intending participants for the meetings, dubbed AAM2019, could register by visiting the Annual Meetings website at: http://2019.afreximbankevents.com/.

Afreximbank Names Maureen Mba Director for Compliance

Cairo, 26 Feb. 2019: – The African Export-Import Bank (Afreximbank) has upgraded its compliance function to a full department, naming long-serving banker Maureen Mba as Director. Until her appointment, Ms. Mba was Associate Director in charge of the Compliance Unit, as it then was, having assumed that position in 2017. Prior to that, she served

Afreximbank signs MoU with The Arab Organisation for Industrialization

Cairo, 26 Feb. 2019 – Afreximbank President Prof. Benedict Oramah (R) and Lt. Gen. Abdel Moneim Eltarass, Chairman, Arab Organization for Industrialization (AOI), signing the memorandum of understanding at the AOI headquarters in Cairo. Afreximbank President Prof. Benedict Oramah (centre), flanked by other members of the Afreximbank delegation, makes a point at the signing ceremony.

Olaleye Babatunde Heads Afreximbank’s IT Department

Cairo, 25 Feb. 2019: – The African Export-Import Bank (Afreximbank) has named Olaleye Babatunde as director of its Information Technology Department, following an upgrade of the function from its former unit status. Mr. Babatunde had headed the Information Technology Unit as a Senior Manager, starting in February 2014 when he joined the Bank. Prior to

Russian Ambassador visits Afreximbank

Cairo, 14 Feb. 2019:- Afreximbank President Prof. Benedict Oramah yesterday in Cairo received Serge Kirpichenko, the Ambassador of the Russian Federation to Egypt, who visited the Bank’s headquarters on a courtesy call. Amb. Kirpichenko told the President that he was at the Bank to deliver some messages from Moscow and to discuss ways of strengthening

Nigerian Government Allocates Land for Afreximbank’s Medical Centre of Excellence

Abuja, 08 Feb. 2019: – The Federal Government of Nigeria has allocated a 5.12-hectare piece of land in Abuja to the African Export-Import Bank (Afreximbank) for the development of a centre of excellence for medical services to serve Nigeria and the West African sub-region. The centre of excellence, the first by Afreximbank in Nigeria, will be