Cairo, 21 November 2017: – In a demonstration of its commitment to promoting intra-African trade and economic integration, South Africa has taken up shareholding in the African Export-Import Bank (Afreximbank), the African continental multilateral trade finance institution. With the shareholding, South Africa becomes the 47th African country to join Afreximbank as a participating state and/or

Cairo, 21 November 2017: – The East African country of Eritrea has joined the membership of the African Export-Import Bank (Afreximbank), becoming the 48th African country to become a participating state or a shareholder in the continental multilateral trade finance institution. In the instrument of accession, signed yesterday by Berhane Habtemariam, the Minister of Finance,

Sal Island, Cape Verde, 17 November 2017: – Innovative financial solutions like factoring and credit insurance offer keys to the growth of small and medium-sized enterprises (SMEs) in Africa and can enhance regional integration, participants at an annual workshop on factoring held on Sal Island in Cape Verde have heard. The one-day workshop was organized

Cairo, 17 November 2017: –. The African Export-Import Bank (Afreximbank) has successfully completed its first ever Samurai Syndicated Term Loan Facility, raising the equivalent of US$150 million, comprised of two tranches of JPY 6.2 billion and US$100 million. Bank of Tokyo Mitsubishi UFJ (MUFG) acted as sole Coordinator, Bookrunner, Facility and Documentation Agent Bank for

Asmara, 11 November 2017: – President Isaias Afwerki of Eritrea yesterday in Asmara urged African financial institutions to focus on assisting African countries to address the disadvantages arising from the underdevelopment of the continent’s economy. Speaking when he received a delegation of the African Export-Import Bank (Afreximbank) led by Dr. Benedict Oramah, President of the

Sal Island, Cape Verde, 10 November 2017: – Africa should create an environment that promotes trade and investment in order to enable its economies can grow, Olavo Correia, Minister of Finance of Cape Verde, said yesterday at the end of the Advanced Structured Trade Finance Seminar and Workshops organized by the African Export-import Bank (Afreximbank).

Sal Island, Cape Verde, 06 November 2017: – Prime Minister Jose Correia e Silva of Cape Verde today in Sal, Cape Verde, opened the Advanced Structured Trade Finance Seminar and Workshops organized by the African Export-Import Bank (Afreximbank), saying that the country was determined to become an international trade hub. “Cape Verde intends to be

Sal Island, Cape Verde, 06 November 2017: – The African Export-Import Bank (Afreximbank) today in Sal, Cape Verde, launched a new guarantee programme aimed at unlocking capital and leveraging much-needed financing into Africa. The Afreximbank Guarantee Programme (AFGAP), launched during the Advanced Structured Trade Finance Seminar and Workshops being organized by the Bank, will help

Washington D.C., 15 October 2017: – The Babacar Ndiaye Lecture Series, an international series introduced by the African Export-Import Bank (Afreximbank), debuted in Washington D.C. today with Nobel Laureate Joseph Stiglitz saying that African countries should adopt a coordinated strategy that encompassed the agriculture, manufacturing, mining, and service sectors in order to attain the same

Washington D.C., 13 October 2017: – Africa’s migrant resources, which amount to more than $110 billion, could be a major source of funding for key infrastructure projects across the continent if properly harnessed, Dr. Benedict Oramah, President of the African Export-Import Bank (Afreximbank), said in Washington D.C. yesterday. In a keynote address to the Frontier

New York, 11 October 2017: – African countries should lay far less emphasis on grants and aid in order to pull themselves out of poverty, Dr. Benedict Oramah, President of the African Export-Import Bank (Afreximbank), said in New York yesterday. Delivering a lecture titled “A Path to Making Africa Great Again” at New York University

Cairo, 08 October 2017: – The African Export-Import Bank (Afreximbank) has announced the institution of an international lecture series in honour of Dr. Babacar Ndiaye, the former President of the African Development Bank, who died on 13 July 2017. The Babacar Ndiaye Lecture series is aimed at honouring Dr. Ndiaye for his many important contributions