Sao Tomé and Príncipe, 15 February 2017 – The African Export-Import Bank (Afreximbank) is committed to providing financial and advisory support to assist Sao Tomé and Principe achieve its structural transformation which focuses on expanding and diversifying its blue economy, Dr. Benedict Oramah, President of the Bank, has said. Speaking in Sao Tomé and Príncipe

Cairo, 14 February, 2017 – The African Export-Import Bank (Afreximbank) and Ecobank Transnational Incorporated (ETI), parent company of the Ecobank Group have signed a memorandum of understanding (MOU) to promote joint corporate objectives through the financing of private sector projects and trade finance transactions, focusing particularly on transactions involving trade and investment in Afreximbank member countries where Ecobank also has

Cairo, 08 February 2017: – A delegation from Abia State of Nigeria, led by Governor Okezie Ikpeazu, today in Cairo conducted a one-day visit to the Headquarters of the African Export-Import Bank (Afreximbank), holding discussions with Bank representatives on how the continental trade finance bank could support the state’s effort at industrialization. Mr. Ikpeazu told

Nairobi, 2 February 2017: – African countries must implement strong legislation to foster the growth of factoring in order to enhance access of the continent’s small and medium-sized enterprises (SMEs) to much-needed finance, participants at a sensitisaton seminar discussing Afreximbank’s Model Law on Factoring heard today in Nairobi. The seminar, organized by the African Export-Import

Cairo, 25 January 2017 – The global rating agency Moody’s Investors Service (Moody’s) has announced an upgrade of the issuer rating of the African Export-Import Bank (Afreximbank) from Baa2 to Baa1, with the outlook as stable. Information released by Moody’s in New York on Monday showed that the main driver of the upgrade was the

Cairo, 18 January 2017 – The African Export-Import Bank (Afreximbank) has announced the inception of new five-year strategic plan that will see the African continental trade finance institution disburse no less than $90 billion in support of African trade between 2017 and 2021. The plan, dubbed “IMPACT 2021: Africa Transformed”, was approved by the Afreximbank

Cairo, 11 January 2017 – The African Export-Import Bank (Afreximbank) and the Government of the Republic of Congo yesterday in Cairo signed a facility agreement under which the Bank will provide $250 million in future flow pre-financing to meet the Government’s strategic plan for its oil fields. Afreximbank President Dr. Benedict Oramah, who signed on

Cairo, 09 January 2017: – President Idriss Deby Itno of Chad, on 30 December 2016, ratified the Agreement on the Establishment of the African Export-Import Bank (Afreximbank), concluding the formalisation of the country’s membership of the continental trade finance bank. An official message from Ngabo Seli Mbogo, Minister of Finance and Budget of Chad, transmitting

Cairo, 27 December 2016: – Djibouti has entered into an agreement with the African Export-Import Bank (Afreximbank) to collaborate in the financing and promotion of the country’s industrial base for export manufacturing and in the development of its trade-related infrastructure. Under the terms of a protocol signed today at Egypt’s Al Qobba Presidential Palace in

Cairo, 14 December 2016: – The African Export-Import Bank (Afreximbank) has announced the appointment of Rene Awambeng, formerly of Ecobank Transnational Inc., as Director, Client Relations (Headquarters and Branches). Until the appointment, Mr. Awambeng was Group Head, Global Corporates, Corporate and Investment Bank, at Ecobank Transnational Inc. in Paris, a position he assumed in July

Cairo, 06 December 2016 – The African Export-Import Bank (Afreximbank) today in Cairo signed a $200-million loan facility agreement with the Egyptian General Petroleum Company (EGPC) to support the expansion of electricity generation and distribution in the country. At a ceremony at the premises of the Egyptian Petroleum Ministry, Dr. Benedict Oramah, President of Afreximbank,

The African Export-Import Bank (“Afreximbank” or the “Borrower”) is pleased to announce the successful signing of a US$761,000,000 and €105,000,000 Dual Tenor Dual Currency Syndicated Term Loan Facility (the “Facility”) on 24 November 2016, following strong support from the Borrower’s core relationship banks and a highly successful general syndication phase. The Facility was launched at