Port Louis, Mauritius, 5 October 2017: – Following the successful close of the private placement with subscription far in excess of the $100 million minimum, Depositary Receipts (DRs) of the African Export-Import Bank (Afreximbank) started trading on the Stock Exchange of Mauritius (SEM) yesterday, with the Bank topping the list of issuers in terms of
Afreximbank Targets $500 Million Support for Chad’s National Development Plan Projects
Chad, 29 September 2017 – The African Export-Import Bank (Afreximbank) is to arrange at least $500 million in multi-sourced financing to support projects in agro-processing, energy, manufacturing, tourism and logistics sectors under Chad’s National Development Plan, following the country’s membership of the Bank, Afreximbank President Dr. Benedict Oramah has announced. Speaking in N’Djamena on Wednesday
Afreximbank pledges financial and advisory support for Burundi’s economic development
Bujumbura, 29 September 2017: – The African Export-Import Bank (Afreximbank) will provide financial and advisory support to Burundi to facilitate the development of the energy, mining, tourism and agriculture sectors to contribute to the country’s economic recovery, Dr. Benedict Oramah, President of the Bank, has said in Bujumbura. Speaking on Monday after a courtesy call
Afreximbank Beats Private Placement Target as it Goes to Market with DR
Cairo, 28 September 2017: – The African Export-Import Bank (Afreximbank) is off to a successful listing of its depositary receipts (DRs) on the official market of the Stock Exchange of Mauritius (SEM) following the successful close of the private placement with subscription far in excess of the $100 million minimum target set to launch the
Afreximbank Agrees $600-Million Line of Credit to Zimbabwe’s Reserve Bank
Harare, 24 September 2017: – The African Export-Import Bank (Afreximbank) yesterday entered into a memorandum of understanding (MOU) to provide a $600-million line of credit to the Reserve Bank of Zimbabwe (RBZ). Afreximbank President Dr. Benedict Oramah signed the MOU on behalf of Afreximbank during a ceremony in Harare while Dr. John Mangudya, Governor of
Afreximbank Announces Development of African Trade Centres
Harare, 23 September 2017: – The African Export-Import Bank (Afreximbank) has embarked on a concept to transform its buildings into iconic business complexes with integrated one-stop trade services shop, the President, Dr. Benedict Oramah, announced in Harare today. Dr. Oramah, said at a ceremony where he received the title for land donated by the Government
Comoros Joins Afreximbank as Participating State as Chad, South Sudan Conclude Ratification
Cairo, 21 September 2017: – Membership of the African Export-Import Bank (Afreximbank) has moved closer to full coverage of the African continent with the decision by the island of Comoros to join the continental multilateral trade finance institution as a participating state. Comoros activated its membership as Afreximbank’s 46th participating state on 12 September when
Afreximbank Appoints Kwabena Ayirebi Director of Banking Operations
Cairo, 20 September 2017: – The African Export-Import Bank (Afreximbank) has announced the appointment of Kwabena Ayirebi, as Director, Banking Operations. Mr. Ayirebi, a Ghanaian national, joins the Bank from the HSBC Holdings plc, where as an International Manager, he served variously as Senior Executive, Global Banking and Commercial Banking (Europe); Managing Director, Regional Head
Afreximbank, in First Tunisian Intervention, Grants Euro 50 Million Trade Facility to Loukil Group
Cairo, 20 September 2017: – The African Export-Import Bank (Afreximbank) has initiated its first–ever intervention in Tunisia with a 50-million Euro Global Trade Facility in favor of Loukil Group of Tunisia. The signing of the agreement for the global trade facility took place on 25 August while the issuance of the first guarantee under the
Afreximbank woos Kenyan Investors, Seeks $100 Million to $300 Million Equity through Depositary Receipts
Nairobi, 7 September 2017: – The African Export-Import Bank (Afreximbank) treated leading Kenyan investors to a breakfast meeting yesterday to present its equity offering aimed at raising between $100 million and $300 million through the issuance of Depositary Receipts backed by its Class “D” shares. The listing of the Depositary Receipts on the Stock Exchange
Afreximbank Invites Bankers to Structured Trade Finance Seminar in Cape Verde
Cairo, 25 August 2017: – The African Export-Import Bank’s (Afreximbank) has invited African banking and trade finance professionals to the 2017 edition of its annual Structured Trade Finance Seminar and Workshops scheduled to take place from 6 to 9 November in Sal, Cape Verde. The four-day event, expected to attract some 200 participants from banks
Afreximbank Touts Depositary Receipts to Nigerian Investors, Targets $300 Million Equity
Lagos, Nigeria, 23 August 2017: – The African Export-Import Bank’s (Afreximbank) in today Lagos met with leading Nigerian investors to push for strong participation in the Bank’s $300 million equity offering, for which it is using depositary receipts backed by its Class “D” shares. The depositary receipts, which will be listed on the Stock Exchange