Organisers of this year’s Intra-African Trade Fair has announced that the event which initially scheduled to take place in Rwanda in September, has been postponed to next year due to the ongoing COVID-19 pandemic. The event, co-organised by the African Export-Import Bank (Afreximbank), the
.Exceeds $1bn income mark The African Export-Import Bank (Afreximbank) on Wednesday released its audited financial statements for the year ended 31 December 2019, showing a strong and consistent growth, with total assets growth of 7.6 per cent to $14.44 billion, as against $13.42 billion declared in the corresponding period of 2018. The African lender reported […]
The African Export-Import Bank (Afreximbank) has delivered a training programme for Zimbabwean banks in an effort to enhance their technical skills in trade finance. The documentary trade finance training, held in Harare from 24 to 29 March, attracted 44 participants from 15 commercial banks, one non-bank financial institution and the Reserve Bank of Zimbabwe. The […]
The Federal Government says it will facilitate investments from African Export-Import Bank (Afreximbank) for the development of infrastructure around the Argungu international fishing and cultural festival to attract tourists. The Minister of Information and Culture, Alhaji Lai Mohammed disclosed this in Argungu after the traditional wrestling, boxing, tug of war
Governor of Central Bank of Kenya, Dr Patrick Njoroge, has said receivables finance is an important tool that can help to close the $90 billion funding gap faced by Small and Medium-sized Enterprises (SMEs) in Africa. Dr Njoroge was speaking in Nairobi on 27 February during the opening of a two-day Regional Conference on Factoring […]
The African Export-Import Bank (Afreximbank), in collaboration with FCI, will hold a two-day conference in Nairobi to promote the use of factoring to enhance access to financing for small and medium-sized enterprises (SMEs) in East Africa. The Regional Conference on Factoring and Receivables Finance is scheduled to take place on 27 and 28 February and […]
Stanbic IBTC Capital Limited has established a N300 billion Domestic Bond Programme for the African Export-Import Bank (Afreximbank). Afreximbank, a multi-product partner of Stanbic IBTC and the Standard Bank Group is one of Africa’s largest Developmental Finance Institutions and a seasoned issuer in the international capital markets. El-Rufai presents 24 jeeps to high
The second Intra-African Trade Fair (IATF2020) will provide key pathways for the Rwandan private sector to access intra-African trade opportunities offered by the African Continental Free Trade Area (AfCFTA), Kanayo Awani, Managing Director of Afreximbank’s Intra-African Trade Initiative, has said. Addressing the opening of a roadshow held in Kigali recently day to raise
Keystone Bank Limited has re-emphasised its commitment to the growth and development of the Africa’s creative industry as the lender recently partnered with the African Export-Import Bank (Afreximbank) and other multilateral agencies to host the maiden edition of the Creative Africa Exchange Weekend (CAX WKND) in Kigali, Rwanda. According to the organizers, the Creative
As the Creative Africa Exchange Weekend (CAX WKND) rounded up in Kigali, the African Export-Import Bank (Afreximbank) has announced a $500 million envelope to support the production and trade of African cultural and creative products over the next two years. CAX WKND, which is Africa’s first continental event dedicated to promoting exchange within the creative […]
…MVMO will provide a distribution platform to connect independent content producers with their audience and support growth in the creative industries across Africa …Focus will be on premium content including movies, news, drama and music …Unique video technology delivers high-quality entertainment on 2G and 3G mobile networks Kigali, Rwanda – 16 Jan 2020
KEYNOTE SPEECH DELIVERED BY PROF. BENEDICT ORAMAH, PRESIDENT AND CHAIRMAN OF THE BOARD OF DIRECTORS OF THE AFRICAN EXPORT – IMPORT BANK ON THE THEME: REFOCUSING TRADE POLICY AND INDUSTRIALIZATION IN NIGERIA: PROSPECTS AND CHALLENGES OF THE AFRICA CONTINENTAL FREE TRADE AGREEMENT” AT THE NIGERIAN 59TH INDEPENDENCE ANNIVERSARY CELEBRATION GALA NIGHT ASO ROCK, ABUJA, 1ST […]
President of the African Export-Import Bank (Afreximbank), Prof. Benedict Oramah received the 2019 African Renaissance and Diaspora Network Private Sector Development Award at the United Nations. The award presented by the African Renaissance and Diaspora Network (ARDN) during the “Africa: Open for Business Summit” on the sidelines of the United Nations General Assembly,
…as President Museveni highlights role of trade The African Export-Import Bank (Afreximbank) has concluded the formalities for the take-off of its East Africa Branch Office in Kampala as it signed the two principal documents with the Government of Uganda at a ceremony witnessed by President Yoweri Museveni of Uganda and former Nigerian President Olusegun Obasanjo. […]
Nigeria’s human capital resources has been described as the tool for attracting foreign direct investments and bridging the unemployment gap, if industrial policies are aimed at appreciating it. This is according to the President & Chairman of the Board of Directors, African Export-Import Bank (Afreximabank), Professor Benedict Oramah. Prof. Oramah who spoke at
Motolani Oseni The Managing Director of the Intra-African Trade Initiative at the African Export-Import (bank (Afreximbank), Kanayo Awani has said that efforts to achieve market opening should be accompanied by industrialization and capacity building initiatives to help African countries produce value-added goo In a keynote address during the opening of the Trade with
Experts have predicted that the trade turnover between Russia and Africa would double in the next three years. Last year, the total export volume of Russia and African countries grew by 18% and reached USD 17.5 billion. Managing Director of Afreximbank’s Intra-African Trade Initiative, Kanayo Awani and Deputy Governor of the Central Bank of Egypt, […]
Russia has declared interest in developing the mining industry in Africa through a multilateral approach. This was disclosed on Thursday during a panel session at the ongoing Afreximbank Annual Meeting in Moscow, Russia. One of the key focal points of the session was the Russian and African cooperation in the development of the mining industry […]
Mathew Dadiya- Abuja The African Export-Import Bank (Afreximbank) has made the case for factoring as a viable and sustainable solution to address the challenge of access to financing, which is hindering the growth of Africa’s Small and Medium Scale Enterprises (SMEs) in Africa. The Managing Director of the Intra-African Trade Initiative at Afreximbank, Kanayo Awani, […]
The African Export-Import Bank (Afreximbank), has opened registration for the 2019 Annual Meetings which will be held in Moscow. Afreximbank, in a statement by Adaeze Anyaoku on Thursday, which was obtained by the Daily Times, said that the announcement was made in Cairo urging intending participants for the meetings, dubbed AAM2019, to register by visiting […]