Cairo, 15 May 2016: – The African Export-Import Bank (Afreximbank) today announced the appointment of Kanayo Awani as Managing Director of its intra-African Trade Initiative. “Ms. Awani will lead Afreximbank’s efforts to raise the level of intra-regional trade in Africa by 50 per cent in the next five years to reach a trade volume of
Togo becomes Afreximbank’s 40th participating state, targets becoming regional logistic hub
Lomé, 5 May 2016: –Togolese President Faure Gnassingbé yesterday in Lomé announced Togo’s accession to the African Export-Import Bank (Afreximbank) Establishment Agreement, making the country the 40th African state to officially join the continental trade finance institution as a participating state. President Gnassingbé, who made the announcement during a call on him by Afreximbank President
African DFIs urged to partner for solutions to intra-African trade finance
Abidjan, 3 May 2016: – African development finance institutions must come together in partnership in order to more effectively tackle the challenges affecting the financing of intra-African trade, participants at the first ever continental conference on intra-African trade finance and payment systems have urged. In discussions during the closing session of the two day the
Intra-African trade named path to Africa’s industrialization as finance and payment systems conference begins
Abidjan, 2 May 2016: – The first ever continental conference on intra-African trade finance and payment systems and their impact on the achievement of enhanced trade among African countries opened in Abidjan today with Dr. Benedict Oramah, President of the African Export-Import Bank (Afreximbank), saying that putting Africa on the path to industrialization and greater
BADEA grants $50 million line of credit to Afreximbank
Khartoum, 1 May 2016: – The Arab Bank for Economic Development in Africa (BADEA) and the African Export-Import Bank (Afreximbank) have signed an agreement for a $50 million line of credit granted to Afreximbank by BADEA for the financing of trade operations between Arab and African countries aimed at guaranteeing regular flows of goods and
At first business forum in DRC, Afreximbank promises support for local entrepreneurs
Kinshasa, 25 April 2016: – The African Export-Import Bank (Afreximbank) will support the effort to achieve industrialisation in the Democratic Republic of Congo (DRC) and to expand the involvement of local entrepreneurs in the major sectors of the economy, Dr. George Elombi, Executive Vice President of the Bank, announced in Kinshasa today. Speaking during the
Abidjan to host Africa’s first-ever Intra-African Trade Finance and Payment Systems Conference
Cairo, 22 April 2016: – Leaders of Africa’s top financial institutions will gather in Abidjan from 2 to 3 May for the first ever continental conference looking at the current state of intra-African trade finance and payment systems and at their impact on the drive to achieve enhanced trade among the countries of the continent.
Nigeria’s Anambra state seeks Afreximbank’s support for economic development
Cairo, 14 April 2016: – The Government of Anambra State of Nigeria has entered into discussions with the African Export-Import Bank (Afreximbank) to seek the support of the African trade finance institution for its effort to speed up the industrialisation and development of trade in the state. A three-member delegation from the state, led by
Togo pledges commitment to African economic integration
Cairo, 11 April 2016: – Togo is strongly committed to achieving an economically integrated Africa and to the deepening of intra-African trade, Togolese President Faure Gnassingbé said in Cairo today. Speaking when he visited the Headquarters of the African Export-Import Bank (Afreximbank), President Gnassingbé said that African countries must first seek to use resources available
New Afreximbank strategy to increase intra-African trade to $250 billion by 2021
Johannesburg (South Africa), 5 April 2016: – The African Export-Import Bank (Afreximbank) is to implement a new strategy aimed at driving industrialization across Africa and increasing intra-African trade by at least 50 per cent in the next five years. The Afreximbank Intra-African Trade Strategy, approved by the Board of Directors at its quarterly meeting in
China Eximbank and Afreximbank plan $1 billion industrialization programme for Africa
Beijing, 1 April 2016: – The African Export-Import Bank (Afreximbank) and the Export-Import Bank of China (China Eximbank) are to develop a new $1 billion-dollar investment and industrialization programme to help accelerate Africa’s industrialization and enhance trade between the continent and China. The programme, to be implemented in the context of the plan announced by
Republic of Congo formalises Afreximbank membership, commits to boosting intra-African trade
Brazzaville, 30 March 2016: – President Denis Sassou Nguesso of the Republic of Congo yesterday in Brazzaville announced his country’s commitment to supporting the development of intra-African trade and industrialisation of the continent. President Nguesso, who was speaking in his office when he presented the instrument of ratification of Congo’s accession to the Establishment Agreement of