The African Export-Import Bank (Afreximbank) has arranged a 200 million-Euro syndicated bridge financing facility for Cote d’Ivoire’s state-owned Port Autonome d’Abidjan (PAA) to enable the company expand facilities at the Abidjan Port.

Although the volume of factoring business in Africa has risen substantially from $5 billion in 2000 to about $25 billion in 2012, the continent’s volumes remain significantly less than those of other regions of the world, the African Export-Import Bank (Afreximbank) has told legislators and regulators attending a seminar on factoring.

The African Export-Import Bank (Afreximbank) will hold will, one-day seminar on 13 June in Lagos for legislators and regulators from across West and Central Africa on the development of factoring in Africa.

Demonstrating their strong support for the efforts to improve the Bank’s capitalization, shareholders of the African Export-Import Bank (Afreximbank) have decided to reinvest $20.5 million, recommended by the Board of Directors as dividends, into the equity in the Bank.

The African Export-Import Bank (Afreximbank) will inject a fresh $18.7 million dollars into the Gabonese economy under the terms of a trade finance agreement signed with Societe de l’Hotel Mandji at the just-concluded Annual General Meeting of the Bank’s shareholders in Libreville.

Determined to empower African countries to take full advantage of the many benefits of factoring as a trade finance instrument, the African Export-Import Bank (Afreximbank) will, on 13 June in Lagos, bring together legislators and regulators from across West and Central Africa for a one-day seminar to discuss the development of factoring in Africa.

Activities marking the 21st Annual General Meeting of the African Export-Import Bank (Afreximbank) opened in Libreville today with a call on African countries to restructure their national economies in order to achieve the sustainable economic development of the continent.

The African Development Bank (AfDB) has approved a trade finance package totalling $280 million for the African Export-Import Bank (Afreximbank) to enable Afreximbank expand its risk bearing capacity and provide medium-term funds for financing trade transactions and projects across Africa.

Cairo – The African Export-Import Bank will hold the 21st Annual General Meeting of Shareholders and related activities in Libreville, Gabon, from 3 to 7 June 2014. African ministers and political leaders, central bank governors, and experts in African trade finance will be joined at the events by representatives of the continent’s top banking institutions.

Africa’s economic transformation will take the centre stage as the African Export-Import Bank (Afreximbank) holds its 21st Annual General Meeting of Shareholders, and related activities, in the Gabonese Capital, Libreville, from 3 to 8 June, according to a programme of events released by the Bank.

The African Export-Import Bank (Afreximbank) has granted the Gabonese hotel group, Gabonaise de Tourisme et de l’Hotellerie (GTH), a 24-million Euro loan facility for the development of the Decapolis Rapontchombo which would be managed under the Decameron brand.

The Democratic Republic of Congo (DRC) has taken its place as the latest African country to become a member of the African Export-Import Bank (Afreximbank) with the signing of the instrument of accession to the Bank’s agreement.