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,”
Afreximbank Ready to Assist Egyptian Business Women Expand Into Rest of Africa.
Cairo, 05 March 2018:- The African Export-Import Bank (Afreximbank) can support Egyptian business women in expanding their trading activities into other African countries, participants in the Fourth Annual Multinational Conference of the Association of Business Women in Egypt (BWE 21) were told. Maureen Mba, Afreximbank’s Associate Director in Charge of Compliance, who represented the Bank at
ETC Receives $300 Million Afreximbank Facility for Agricultural Trade
Cairo, 23 February 2018: – The African Export-Import Bank (Afreximbank) has signed a three-year $300 million revolving global credit facility agreement to provide financing to Export Trading Company (ETC) in a bid to support and promote intra-African trade. The facility agreement, signed recently between Afreximbank and ETC, provides for the funds to be used to
Afreximbank Elevates Two, Names Obi Emekekwue, Chandi Mwenebungu Directors
Cairo, 23 February 2018: – The African Export-Import Bank (Afreximbank) has announced the appointment of two staff members to Directorship positions to head its Communications and Events Management Department and Treasury and Markets Department respectively. Obi Emekekwue was named Director and Global Head of the Communications and
Afreximbank targets $1.5 billion in financing for trade and related infrastructure in Mauritania
Nouakchott, 19 February 2018: – The African Export-Import Bank (Afreximbank) will attract $1.5 billion to Mauritania to finance development of trade and related infrastructure under the terms of a memorandum of understanding signed with the country on Monday, Bank President Benedict Oramah has announced. Speaking in Nouakchott on Monday following meetings with President Mohamed
Afreximbank Urges Use of Factoring to Expand Africa’s Regional Value Chains
Dakar, 13 February 2018:- African countries should take make use of factoring in order to take advantage of the opportunities for expanding the continent’s regional value chains, participants at a regional factoring conference held in Dakar have heard. Kanayo Awani, Managing Director of the Intra-African Trade Initiative at the African Export-Import Bank (Afreximbank), said on
Abuja Selected to Host Afreximbank’s 2018 Annual Meetings and 25th Anniversary
Cairo, 09 February 2018: – Nigeria has emerged the host country for the 2018 African Export-Import Bank (Afreximbank) Annual Meetings (AAM2018) and 25th Anniversary celebrations scheduled to take place from 9 to 14 July, the Bank announced today in Cairo. Kemi Adeosun, Minister of Finance of Nigeria, conveyed the country’s readiness to host the event
President Al-Bashir Commends Afreximbank’s Support in Sustaining Economic Activity in Sudan
Cairo, 02 February 2018: – President Omar al-Bashir of Sudan has commended the African Export-Import Bank (Afreximbank) for the important role it has continuously played to promote trade and economic development in Sudan, which is one of the founding shareholders and member states of Afreximbank. President al-Bashir, who was speaking in Addis Ababa when he
Aenergy Joins Afreximbank Shareholding
Cairo, 29 January 2018: – Continuing the broadening of its shareholder base targeting African investors, the African Export-Import Bank (Afreximbank) has announced the coming on board of Angola-based pan-African conglomerate Aenergy as a shareholder, following its successful subscription to Class “B” shares of the African multilateral trade finance bank The shareholding became effective on 25
JSC Russian Export Centre Joins Afreximbank as Shareholder
Cairo, 22 January 2018: – JSC Russian Export Centre (REC) has become the latest international financial organisation to join the African Export-Import Bank (Afreximbank) as a shareholder following its successful subscription to Class “C” shares of the African multilateral trade finance bank The shareholding, which became effective on 29 December 2017, followed discussions between the
The Islamic Corporation for the Development of the Private Sector (ICD) and African Export-Import Bank (Afreximbank) sign First-ever Line of Financing agreement
Jeddah, December 24, 2017. The Islamic Corporation for the Development of the Private sector (ICD) and the African Export-Import Bank (Afreximbank) signed a Line of financing agreement for a USD 100-million facility. The USD 100-million line of financing facility will be utilized by Afreximbank to provide Shariah-compliant financing to small and medium-sized enterprises (SMEs) in
Registration Opens for 2018 Certificate of Finance in International Trade Programme
Cairo, 22 December 2017: – The African Export-Import Bank (Afreximbank), the FCI and the University of Malta today in Cairo announced the opening of registrations for the 2018 cohort of the Certificate of Finance in International Trade (COFIT). Stephen Kauma, Afreximbank’s Director & Global Head of the Human Resources Department, said that COFIT 2018, which