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 Africa (TWA) […]
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 […]
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 […]
…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 […]
…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 collaboration with […]
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 Investment Forum, would provide […]
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 […]
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 include trade confirmation services; trade […]
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 trade finance […]
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 […]
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 by […]
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 roadshow […]
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 second […]
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 the Bank to increase its intervention […]
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 […]
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, disclosed this at […]
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 […]