Business

Russia-African trade volume to hit $17.5bn – Experts

Ihesiulo Grace 21 June 2019

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

Business

African mining sector attracts Russian investors in Moscow

Ihesiulo Grace 21 June 2019

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 […]

Business

Factoring a panacea to SMEs financing in Africa – Afreximbank

Ihesiulo Grace 19 March 2019

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, […]

Business

Afreximbank opens registration for Moscow 2019 Annual Meeting

Ihesiulo Grace 1 March 2019 0

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 […]

Business

Afreximbank boosts Tunisia-Africa Trade programme with $500m

Ihesiulo Grace 6 February 2019 0

Mathew Dadiya, Abuja The African Export-Import Bank (Afreximbank) is to implement a Tunisia-Africa Trade and Investment Promotion Programme (TATIPP) with an initial commitment of $500 million to promote trade between Tunisia and the rest of Africa, Prof. Benedict Oramah, President of the Bank, has announced. Speaking in Tunis on Tuesday during a meeting with President […]

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Africa needs $20bn yearly to fix rail sector – Afreximbank

Ihesiulo Grace 3 December 2018 0

…Signs MoU on rail devt with Russian Railways, REC The President of the African Export-Import Bank (Afreximbank), Prof. Benedict Oramah, has said that Africa requires $20 billion investment annually to develop its rail sector at par with the leading economies. Prof. Oramah said this on Friday in Moscow when he signed a memorandum of understanding […]

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IATF 2018 exhibitor registrations exceed 1000 target

Ihesiulo Grace 27 November 2018 0

…Afreximbank eyes $25bn in trade finance The African-Export Import Bank (Afreximbank) has disclosed that exhibitor registrations for the inaugural Intra-African Trade Fair (IATF 2018) taking place in Cairo in December has reached 1,054, surpassing the target of 1,000 exhibitors set by the organisers. The trade fair, which is being organized by Afreximbank in

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Afreximbank boosts African businesses with $15m bankability project facility

Ihesiulo Grace 15 November 2018 0

The African Export-Import Bank (Afreximbank) has launched a $15 million project preparation facility aimed at increasing the availability of viable well-prepared projects in Africa and at making such projects bankable and attractive to investors. The Afreximbank Project Preparation Facility (APPF), launched in Johannesburg, South Africa on the sidelines of the Africa

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Afreximbank Grants EUR 30 Million Facility to CDC Gabon to Support Operators at Special Economic Zone

Ihesiulo Grace 13 November 2018 0

The African Export-Import Bank (Afreximbank) today in Cairo signed an agreement granting an EUR 30 million revolving trade financing facility to Caisse des Dépôts et Consignations du Gabon (CDC Gabon) to support the operations of the tenants of the Gabon Special Economic Zone and to provide them with the capacity to export their products. Under […]

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Afreximbank, CDC Group Sign $100 Million Master Risk Participation Agreement

Ihesiulo Grace 12 November 2018 0

The African Export-Import Bank (Afreximbank) and CDC Group Plc. yesterday in Casablanca, Morocco, signed a $100-million master risk participation agreement to support Afreximbank’s Trade Facilitation Programme. Under the terms of the risk participation arrangement, CDC will provide unfunded risk participation to Afreximbank as the Bank provides trade finance products that

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Afreximbank, CDC Group sign $100m risk agreement to boost trade facilitation

Ihesiulo Grace 12 November 2018 0

As part of its continued effort in enhancing intra-African trade, the Export-Import Bank (Afreximbank), and CDC Group Plc have signed a $100 million master risk participation agreement to support Afreximbank’s Trade Facilitation Programme. Under the terms of the risk participation arrangement, CDC will provide unfunded risk participation to Afreximbank as the Bank provides

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Afreximbank tasks media, experts on promoting Intra-African trade

Ihesiulo Grace 8 November 2018 0

The Executive Vice President, Business Development & Corporate Banking of the African Export-Import Bank (Afreximbank), Mr. Amr Kamel, has called on the media and financial experts in the continent to promote the importance of the Intra-African trade. Kamel said that there was need for the media to consistently inform and enlighten the people on the […]

Business

Afreximbank: Trade Transformation is task for all financial institutions

Ihesiulo Grace 27 October 2018 0

African Export-Import Bank (Afreximbank) Executive Vice President, Business Development and Corporate Banking Amr Kamel has said that the transformation of trade in Africa is a task that all African financial institutions must collectively pursue as major stakeholders in its quest to facilitate African trade. Speaking during a roadshowin Dar Es Salam on Tursday, organized

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Afreximbank says transformation of African trade is task for all African financial institutions

Ihesiulo Grace 26 October 2018 0

The transformation of trade in Africa is a task that all African financial institutions must collectively pursue as major stakeholders in the African Export-Import Bank (Afreximbank) in its quest to facilitate African trade, Amr Kamel, Afreximbank Executive Vice President, Business Development and Corporate Banking, said in Dar Es Salam on Tursday. Speaking during a

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Obasanjo, Jeffrey Sachs Propose African Education Fund at Second Babacar Ndiaye Lecture

Ihesiulo Grace 14 October 2018 0

Former Nigerian President Olusegun Obasanjo and Prof. Jeffrey Sachs (seated) delivered the Second Babacar Ndiaye Lecture in Bali, Indonesia, today. Bali, Indonesia, 13 Oct. 2018: – Former Nigerian President Olusegun Obasanjo and development economist Jeffrey Sacks today in Bali, Indonesia, called for the establishment of an African fund for education as they delivered the

Business

Afreximbank urges Guinean banks to adopt new Trade Facilitation Programme

Ihesiulo Grace 11 October 2018 0

The African Export-Import Bank (Afreximbank) has taken its recently-introduced Afreximbank Trade Facilitation Programme (AFTRAF) to Guinean banks, advising representatives of the Guinean banking sector that the programme will lead to improved support from Afreximbank. Speaking during an interactive session in Conakry, the Afreximbank delegation said that AFTRAF would allow

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Afreximbank urges South economies to synergise against trade war

Ihesiulo Grace 11 October 2018 0

The President of the African Export-Import Bank (Afreximbank), Prof. Benedict Oramah, has said that the economies of the South must work together in order to deal with the uncertainties resulting from the current global trade environment. Oramah gave the advice while speaking during a Panel discussion on “The Growing Importance of South-South Cooperation Amid Trade […]

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Afreximbank’s Korea-Focused Club Facility oversubscribed by $160m

Ihesiulo Grace 18 September 2018 0

The African Export-Import Bank (Afreximbank) has closed a Korea-focused $150 million club facility which has Shinhan Bank as coordinator and lender. According to Afreximbank, the facility which targeted to raise $150 million; was oversubscribed to the tune of $160 million. Mr Denys Denya, Afreximbank’s Executive Vice President Finance, Administration and Banking Services,

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Afreximbank declares 2018 Structured Trade Finance Seminar, invites registrations

Ihesiulo Grace 12 September 2018 0

The Structured Trade Finance Seminar and Workshop, organized annually by the African Export-Import Bank (Afreximbank), will be hosted in Casablanca, Morocco, from 7 to 9 November, the Bank announced today in Cairo. The 2018 seminar and workshop, being organized in collaboration with the Ministry of Economy and Finance of Morocco, will be the 18th in […]

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NIB, Afreximbank sign €100m loan facility for infrastructure

Ihesiulo Grace 12 September 2018

The Nordic Investment Bank (NIB) and the African Export-Import Bank (Afreximbank) have signed a 10-year loan programme of EUR 100 million to finance various infrastructure projects in African countries. The €100 million made available to Afreximbank under the joint facility would be used for financing eligible investments, which mainly include projects within