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,

Business Headlines

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 […]

Business Headlines

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

Business Headlines

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

News

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 […]

News

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

Business Headlines

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

Business Headlines

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

News

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

News

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

Business Headlines

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 […]

Business Headlines

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,

Business Headlines

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 […]

Business Headlines

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

Business Headlines

China Bank, Afreximbank sign $500m pact on trade infrastructure

Ihesiulo Grace 8 September 2018 0

China Development Bank (CDB) has signed an agreement to provide a $500-million facility to the African Export-Import Bank (Afreximbank) to enable the African trade finance bank support trade enabling infrastructure projects across the continent. The facility will also be used to support Afreximbank’s trade finance intermediaries to provide medium to long term financing for

Business Headlines

Afreximbank offers new trade facilitation programme to Egyptian banks

Ihesiulo Grace 5 September 2018 0

The African Export-Import Bank (Afreximbank) has met in Cairo with leaders of the Egyptian Banking sector to present a new trade facilitation programme which it has developed to transform Africa’s trade. The Afreximbabnk Trade Finance Facilitation Programme, comprising Trade Confirmation Programme and a Trade Confirmation Guarantee Programme, is being offered in

Business News

Egyptian Petroleum Corporation gets $200m Afreximbank facility

Ihesiulo Grace 7 August 2018 0

The African Export-Import Bank (Afreximbank) has disbursed the sum of $200 million to the Egyptian General Petroleum Corporation (EGPC) to support EGPC’s investment in the Middle East Oil Refinery Company (MIDOR). The disbursement was done during a signing ceremony in Cairo on August 1. Afreximbank’s Head of Communications and Event Department, Mr Obi Emekekwue, also […]

Business Headlines

Nigeria to take country pavilion at IATF in Cairo

Ihesiulo Grace 18 July 2018 0

Nigeria has become the second country to announce plans to take a country pavilion at the Intra-African Trade Fair (IATF) being organised by the African Export-Import Bank (Afreximbank) in Cairo from December 11 to 17, 2018. Vice President Yemi Osinbajo made the announcement Monday during an engagement session on the IATF co-organised by Afreximbank and […]