Cairo/Porto, 19 July 2021: African Export-Import Bank (Afreximbank) and Portugal’s National Association of Young Entrepreneurs (Associação Nacional de Jovens Empresários – ANJE), have announced a three-year partnership to support and promote Africa’s Fashion Apparel and Textile Manufacturing Industry in Portugal and across Europe. This partnership is part of Afreximbank’s Creative Africa Nexus (CANEX) programme, which
Statue Unveiled Honouring H.E. Issoufou Mahamadou’s Leadership in establishing the AfCFTA
Accra, 16 July 2021 – The African Continental Free Trade Area (AfCFTA) Secretariat, the African Union (AU), the United Nations Economic Commission for Africa (UNECA) and the African Export-Import Bank (Afreximbank) announce the unveiling of a statue in honour of His Excellency Issoufou Mahamadou, former President of the Republic of Niger and African Union Champion of
Fitch and GCR Upgrade Afreximbank’s Outlook to Positive, Moody’s Affirms Stable Ratings
Cairo, 16 July 2021: – African Export-Import Bank (Afreximbank) has received a set of strong credit rating affirmations and “Positive” outlooks from Moody’s, Fitch Ratings, and GCR Ratings, underlining its resilient financial position and performance. The ratings reinforce the Bank’s access to capital at a competitive cost, ensuring the continued success of key strategic initiatives
BCEAO, COFEB, AFREXIMBANK and FCI promote Factoring and financing of receivables
The Central Bank of West African States (BCEAO) through its training center, the West African Center for Training and Banking Studies (COFEB), in partnership with AFREXIMBANK and the international factoring network, FCI, joined their forces to increase and improve the financing of the West African Monetary Union. It is within this framework that the BCEAO
Standard Chartered Commits USD 200m Facility With Afreximbank for African Union COVID-19 Vaccination Acquisition Programme
Cairo, 15 July 2021: – African Export-Import Bank (Afreximbank) and Standard Chartered today announced an agreement for Standard Chartered to provide USD 200m of not-for-profit funding towards Afreximbank’s structured framework to help finance the acquisition of COVID-19 vaccines for African nations. The collaboration between Standard Chartered and Afreximbank will help ensure that 55 countries across
Afreximbank Supports Ground-Breaking Trade Collaboration Agreement Between Malawi and South Sudan
Cairo, 12 July 2021: – African Export-Import Bank (Afreximbank) has announced its support for the first ever memorandum of understanding (MoU) on trade collaboration between the Governments of Malawi and South Sudan. The Bank will provide financial backing and payment instruments to facilitate trade of agricultural commodities and essential consumer goods between the two nations.
Afreximbank and ACBF Enter 5-year Capacity Building Pact
Cairo / Harare, 12 July 2021:- Africa Export-Import Bank (Afreximbank) and the African Capacity Building Foundation (ACBF), on 21st June 2021, signed an agreement to support capacity development initiatives over a period of five years, ending in 2025.
Durban Announced as the New Host of Intra-African Trade Fair (IATF2021) – Dates rescheduled to 15-21 November 2021
Cairo/Durban/Addis Ababa/Accra, 5 July 2021: – The second Intra-African Trade Fair (IATF2021) has been rescheduled to take place in Durban, KwaZulu-Natal, South Africa from 15 to 21 November 2021. The Trade Fair was previously due to be held in Kigali, Rwanda from 8 to 14 December 2021.
Joint BCEAO-Afreximbank-FCI Webinars on the theme: “Factoring and receivables finance in Africa”
BCEAO, COFEB, AFREXIMBANK and FCI are organizing three webinars on the theme: “Factoring and Receivables Finance in Africa”. The Central Bank of West African States (BCEAO) through its training center, the West African Center for Training and Banking Studies (COFEB), in partnership with Afreximbank and the international factoring network, FCI, announces the organization of a
Afreximbank awarded Deal of the Year – Agriculture at the 2021 African Banker Awards
Cairo, 02 July 2021: – African Export-Import Bank (Afreximbank) has been awarded the 2021 African Banker Award – Deal of the Year (Agriculture), for providing a $400million global credit facility to the Export Trading Group (ETG) aimed at tackling challenges faced by African farmers and exporters.
Afreximbank Recognised For Role in Africa’s Fight Against COVID-19
Cairo, 02 July 2021: – African Export-Import Bank (Afreximbank) has been recognized by Global Trade Review (GTR) as Leader in Trade for Pandemic Support and ranked by Global Finance Magazine, in its annual World’s Best Investment Bank’s list 2021, as the best bank offering Crisis Finance Solutions in Africa in the fight against the COVID-19
The World Bank and the African Union’s Covid-19 Africa Vaccine Acquisition Task Team (AVATT) agree to work together to deploy vaccines for 400 million Africans
14 June 2021 – The President of the World Bank, Mr David Malpass, and his senior management team comprised of Dr Axel van Trotsenburg and Dr Makhtar Diop met with the African Union’s COVID-19 Vaccine Acquisition Task Team (AVATT) to discuss modalities for a partnership that will accelerate vaccine deployment to Africa. In a historic