Business

Africa Trade: Afreximbank, ECIC partner to boost trade with $1bn

Ihesiulo Grace 16 March 2018 0

The African Export-Import Bank (Afreximbank) and the Export Credit Insurance Corporation of South Africa (ECIC) have entered into a memorandum of understanding (MOU) to launch a $1 billion financing programme to promote and expand trade and investments between South Africa and the rest of

Business

Afreximbank to sell share worth $1bn in 5 years

Ihesiulo Grace 3 March 2018 0

In order to diversify its shareholders and add more private investors to its ownership, the African Export-Import Bank (Afreximbank) has concluded plans to sell shares worth as much as $1 billion over the next five years. The trade bank, rated “BBB-” by Fitch, plans to issue the shares via depository receipts to new and existing […]

Business

S’Africa joins Afreximbank as shareholder

Ihesiulo Grace 22 November 2017 0

…. Becomes 47th member In a bid to show its commitment to promoting intra-African trade and economic integration, South Africa has taken up shareholding in the African Export-Import Bank (Afreximbank), the African continental multilateral trade finance institution. With the shareholding, South Africa becomes the 47th African country to join Afreximbank as a

Capital Market

Afreximbank seeks $100m of $300m D.Receipt from Kenya

Ihesiulo Grace 11 September 2017 0

In a bid to attract the Kenyan investors to its ongoing Depository Receipt targeting $300 million, the African Export-Import Bank recently treated leading Kenyan investors to a breakfast meeting to present its equity offering. The offering is aimed at raising between $100m and $300m through the issuance of Depositary Receipts backed by its Class “D” […]

Money

Afreximbank narrows Africa’s financing gap with $300m D.Receipt

Ihesiulo Grace 23 August 2017 0

Development of Africa’s economy has continued to be the focus of African Export- Import Bank (Afreximbank), following its efforts to mobilize funds for infrastructure development and sustainable business initiatives across the African continent. To further expand the Africa’s growth initiative through better funding opportunities, the bank is inaugurating a $300 million