President of the African Export-Import Bank (Afreximbank),Dr. Benedict Oramah, said in New York yesterday, that African countries should lay far less emphasis on grants and aid in order to pull themselves out of poverty, which has been their development bane over the decades. Delivering a lecture titled: “A Path to Making Africa Great Again,” at […]
The Egyptian construction conglomerate, The Arab Contractors (Osman Ahmed Osman & Company) Limited, yesterday entered into an agreement with the African Export-Import Bank (Afreximbank) to receive a $200-million multi-currency guarantee facility to enable it meet its obligations under construction contracts within Africa and the Middle East. The facility agreement signed at the Afreximbank Headquarters provides […]
President Idriss Deby Itno of Chad has ratified the Agreement on the Establishment of the African Export-Import Bank (Afreximbank), concluding the formalisation of the country’s membership of the continental trade finance bank. An official message from Ngabo Seli Mbogo, Minister of Finance and Budget of Chad, transmitting the instrument of ratification to Dr. Benedict Oramah, […]
Active participation in intra-African trade has made it possible for a number of African countries to maintain resilient trade figures in the midst of falling commodity prices that have led to an overall sluggish economic growth story on the continent, Dr. Benedict Oramah, President of the African Export-Import Bank (Afreximbank), said on Friday. Speaking in […]