Cairo, 02 December 2016 – Active participation in intra-African trade has made it possible for a number of African countries to maintain resilient trade figures in the midst of falling commodity prices that have led to an overall sluggish economic growth story on the continent, Dr. Benedict Oramah, President of the African Export-Import Bank (Afreximbank),
Afeximbank urges enabling factoring environment to improve African business competitiveness
Port Louis, 24 November 2016 – Governments should create enabling environments for factoring in Africa in order to improve the competitiveness of African businesses, Dr. Benedict Oramah, President of the African Export-Import Bank (Afreximbank), said today in Port Louis. In an address read on his behalf by Kanayo Awani, Managing Director of Afreximbank’s Intra-African Trade
African bankers urged to counter challenge of withdrawal of international banks with structured trade finance
Port Louis, 21 November 2016 – With international banks once again withdrawing from African trade finance and with the continent’s trade finance gap estimated at more than $120 billion, African banks, have an opportunity to step in, through structured trade finance, to ensure that Africa, never again descends into economic chaos because of a sudden
Mauritius to host Afreximbank’s structured trade finance training
Cairo, 16 November 2016 – Banks and other financial institutions involved in financing trade in Africa will gather in Mauritius from 21 to 24 November for a seminar organized by the African Export-Import Bank (Afreximbank) to enhance Africa’s capacity to take advantage of opportunities offered by structured trade finance to boost trade in the face
Role of knowledge in Africa’s economic development stressed at launch of book on structured trade finance
Lagos (Nigeria), 10 November 2016 – The urgent need for Africa to focus on the economic returns of knowledge and the role of trade in the development process were highlighted yesterday as the book, Foundations of Structured Trade Finance, written by Dr. Benedict Oramah, was launched in Lagos, Nigeria. Dr. Oramah, also President of the African
Afreximbank to attract up to $1 billion financing for trade and related infrastructure development in Togo
Lomé, 2 November 2016: – The African Export-Import Bank (Afreximbank) expects to attract up to $1 billion in financing and investments to support trade activities and infrastructure development, including industrial parks and logistics facilities, in Togo, Bank President Dr. Benedict Oramah has said in Lomé. Speaking on Monday after meetings with Togolese President Faure Gnassingbé
Afreximbank Forum ends with call for strengthened financial control mechanisms and capacity building on corporate governance
Kigali, 28 October 2015 – Africa must institute stronger financial control mechanisms and capacity-building for customer due diligence and corporate governance in order to attract capital competitively and ensure greater financial stability and sustainable development, participants in the Third Annual Forum on Customer Due Diligence and Corporate Governance organised by the African Export-Import Bank’s (Afreximbank)
Afreximbank forum hears call to tackle Africa’s $50 billion annual loss to illicit financial flows
Kigali, 26 October 2016 – The estimated $50 billion being lost annually by Africa due to illicit financial flows should be a source of concern to the continent, especially as access to finance and capital was a key constraint to growth and economic development, Claver Gatete, Minister of Finance and Economic Planning of Rwanda, said
Afreximbank, KEXIM sign MOU; Agree $100 million facility to boost Korea-Africa trade
Seoul, 26 October 2016: – The African Export-Import Bank (Afreximbank) and the Export-Import Bank of Korea (KEXIM) today in Seoul entered into a memorandum of understanding (MOU) expected to inject $100 million to support trade between Africa and South Korea. Under the terms of the MOU signed by Afreximbank President Dr. Benedict Oramah and his
Afreximbank introduces model law to improve legal frameworks for factoring’s growth in Africa
Cape Town (South Africa), 24 October 2016: – The African Export-Import Bank (Afreximbank) has introduced a model law on factoring to provide a benchmark for African national legislatures enacting arrangements aimed at fostering the growth of factoring activities across the continent. The Afreximbank Model Law on Factoring, which was unveiled in Cape Town, South Africa,
Afreximbank-supported medical centres of excellence to help improve life expectancy in Africa, stem foreign exchange outflow
Cairo, 20 October 2016: – The range of specialist healthcare services to be delivered through the Centre of Excellence Initiative being developed by the African Export-Import Bank (Afreximbank) will enable Africa stem the outflow of billions in scarce foreign exchange and improve life expectancy and the quality of the continent’s workforce, Bank President Dr. Benedict
Trade Rep credits AGOA with spurring four-fold boost in Africa-U.S. non-oil trade
Cairo, 17 October 2016: – The Africa Growth and Opportunity Act (AGOA), implemented by the United States government, has resulted in a four-fold increase, from $1.4 billion in 2001 to $4.1 billion in 2015, in the continent’s non-oil trade with the country, Florizelle Liser, Assistant U.S. Trade Representative for Africa, said today in Cairo. In