Stakeholders in the African financial services sector have established an African customer due diligence repository to assist in reducing costs incurred by financial institutions in meeting compliance requirements on African transactions and to mitigate other negative impacts of current due diligence requirements on African trade and trade finance.

The increasing costs confronted by African banks and financial institutions in complying with the constantly evolving compliance regulations imposed by the principal international financial centres has made it necessary to find standardized Africa-specific solutions to challenges in the financial services sector, Jean-Louis Ekra, President of the African Export-Import Bank (Afreximbank), has told the first-ever Customer Due Diligence and Corporate Governance Forum organized by the Bank.

The African Export-Import Bank (Afreximbank) and Nigeria’s Heritage Bank today in Cairo signed the agreement formalising Afreximbank’s $272 million facility in support of Heritage Bank’s acquisition of Enterprise Bank from the Assets Management Corporation of Nigeria (AMCON).

To achieve its mandate of expanding intra- and extra-African trade, the African Export-Import Bank (Afreximbank) is holding a series of back-to-back training activities aimed at enhancing the finance capabilities of African financial institutions and corporates.

To develop Africa-specific and standardized solutions to challenges in the financial services sector and the area of corporate governance, the African Export-Import Bank (Afreximbank) will hold its first-ever Customer Due Diligence and Corporate Governance Forum in Dakar this October.

The African Export-Import Bank (Afreximbank) and the Government of Cote d’Ivoire have formalised the establishment of a Branch Office of the Bank in Abidjan to serve Francophone West Africa with the signing of the two foundation agreements for the Branch. At a signing ceremony presided over by the Ivorian Prime Minister, Daniel Kablan Duncan, in

The African Export-Import Bank (Afreximbank) is to receive a $500-million capitalization following a decision by the Bank’s shareholders today to authorise a share offering to the Bank’s existing shareholders.

With advisory services provided by the African Export-Import Bank (Afreximbank), leading Nigerian bank and member of the Ecobank Group, Ecobank Nigeria, has successfully concluded a highly-anticipated $200 million bond issuance aimed at raising needed capital for its operations.

Targeting a major boost in its petroleum products manufacturing and distribution capacity, leading indigenous West Africa oil and gas sector operator, A-Z Petroleum Products limited of Nigeria, today signed on to an African Export-Import Bank (Afreximbank) $80-million dual tranche loan and credit facility.

Standard Chartered Bank, Commerzbank & Investec Asset Management Joint Mandated Lead Arrangers (MLAs) in facilitative syndication for the benefit of Zimbabwean consumers.

The African Export-Import Bank (Afreximbank) today in Cairo announced the successful closing of a US$150 million financing facility for Econet Wireless Global Limited, Mauritius, to enable the company fund its expansion programme.

King’s College Hospital NHS Foundation Trust in London, UK has today (Tuesday, 29 July) signed a Memorandum of Understanding with the African Export-Import Bank (Afreximbank).