Durban, 23 November 2021 – The second Intra-African Trade Fair (IATF 2021) has ended on Sunday in Durban, KwaZulu-Natal, South Africa, with a collective commitment to ensure that the economic stimulation triggered by the event translates into the continued strengthening of the African Continental Free Trade Area (AfCFTA). Speaking during the closing ceremony of IATF
Curtain comes down at IATF 2021 in Durban – Deals worth US$36 billion recorded so far
Durban, 22 November 2021 – Deals worth $36 billion were recorded as of 21 November 2021 at the second Intra Africa Trade Fair (IATF 2021). IATF 2021 took place from 15 to 21 November in Durban, KwaZulu-Natal, South Africa. Presenting the preliminary report of the IATF 2021, Mrs. Kanayo Awani, Managing Director of Afreximbank’s
Afreximbank signs US$50 million new debt financing for the Geometric Power IPP Power Project completing US$332 million recapitalisation
Durban, 20 November 2021 – African Export-Import Bank (Afreximbank) has signed a US$50 million Term Loan facility with Geometric Power Limited in connection with the Aba Integrated Power Project in Nigeria. The deal was signed on 15 November 2021 in Durban during the second Intra-African Trade Fair (IATF 2021). The facility provided by Afreximbank to
IATF2021 Exhibitions Showcase Businesses Developing Africa’s Trade Routes
Durban, 20 November 2021: The second Intra-African Trade Fair 2021 (IATF2021) featured exhibitors from a range of sectors in participating countries showcasing a variety of products and industries covering both industrial trade and the creative economy. Some of the entrepreneurs that stood out with their exhibitions included Mr. Monageng, a small-scale designer from the Northern
Automotive Sector Experts Urge Policy Reform to Boost Africa’s Annual Vehicle Production to 5 million
Durban, 20 November 2021: Increasing the number of vehicles produced in Africa requires the implementation of policy changes and access to finance, Ebrahim Patel, Minister of Trade and Industry and Competition of South African, has said in Durban, South Africa. Speaking during a discussion on the automotive sector at the second Intra African-Trade Fair (IATF2021),
The Creative Africa Nexus (CANEX) Summit kicks off on Day 5 of IATF 2021
Durban, 20 November 2021 – The Creative Africa Nexus (CANEX), a programme put in place by the African Export-Import Bank (Afreximbank) to support Africa’s creative and cultural industries debuted with great fanfare on Friday 19th November setting the stage to revolutionize the continent’s untapped talents. Designed specifically for African creatives including digital innovators and experts,
Afreximbank positions creative industry as a major tool for Africa’s GDP growth
Prof Benedict Oramah, President and Chairman of the Board of Directors of Afreximbank at the opening of the CANEX Summit on 19 November in Durban, South Africa. Launch of Creative Africa Nexus (CANEX) Sets Durban Ablaze! Durban, 20 November 2021 – Africa’s creative industry represents a potent instrument that could grow the GDP of African
IATF2021 Conference Makes Way for CANEX
Durban, 19 November 2021 – The IATF2021 Conference segment of the second Intra-African Trade Fair (IATF2021), ended on 18 November 2021 in Durban, South Africa, with African Export-Import Bank hailing the contribution of the trade fair to addressing the challenge of African businesses transacting business with counterparts within the continent. In a closing statement, Amr
Afreximbank expands its support for African trade with new multi-million-dollar commitments made at IATF2021
Durban, 19 November 2021 – African Export-Import Bank (Afreximbank) on 18 November 2021 in Durban, South Africa, further consolidated its position as a leader in funding the development of trade infrastructure across Africa with the signing of four major business transactions on Day Four of the Intra-African Trade Fair 2021 (IATF2021). In a transaction with
AFREXIMBANK COMMITS US$250 MILLION SEED CAPITAL FOR SUB SOVEREIGN GOVERNMENTS
Durban, 19 November 2021 – African Export Import Bank (Afreximbank) has committed US$250 million as seed capital towards the establishment of an African Sub Sovereign Governments Network. Prof. Benedict Oramah, President and Chairman of the Board of Directors of Afreximbank made the announcement yesterday during an inaugural conference of the Sub Sovereign Governments at the
Zimbabwean Companies Sign Deals worth over $188 Million With Afreximbank at IATF2021
Durban, 19 November 2021 – African Export-Import Bank (Afreximbank) has signed financing agreements with four Zimbabwean entities for a total of US$188,600,000. The deals, concluded during the second Intra-African Trade Fair (IATF2021) currently taking place in Durban, were agreed on Tuesday and Wednesday. The trade fair opened on 15 November in Durban and runs until
Silverbird Group and AAA Entertainment Sign $50 Million Deal at IATF
Silverbird Group and AAA Entertainment are entering into a partnership to develop and produce a slate of cinematic African feature films on the continent. AAA Entertainment will bring to the partnership an experienced film development, financing and production team, facilities and partnership network, while Silverbird Group brings its cinema exhibition and distribution infrastructure and experience