Cairo, 13 October 2023: – African Medical Centre of Excellence (AMCE Abuja) established by Afreximbank, has held its inaugural board meeting in Cairo, Egypt on October 6, 2023. AMCE Abuja, a landmark and visionary initiative by African Export-Import Bank (Afreximbank), entails the implementation and operationalization of a 500-bed quaternary level medical facility that will offer
Inaugural Board Meeting of the AfCFTA Adjustment Fund Corporation Holds in the Republic of Rwanda
Kigali, Rwanda, 6 October 2023 – Following the mandate by the African Union (AU) Summit of Heads of State and Government and the AfCFTA Council of Ministers responsible for Trade , Afreximbank and the AfCFTA Secretariat were mandated to establish and operationalise the AfCFTA Adjustment Fund through a General Partnership – the AfCFTA Adjustment Fund Corporation –
Congolese President Confers National Honors on Afreximbank President and Executive Vice President
Brazzaville, 03 October 2023: – H.E. President Denis Sassou Nguesso of the Republic of Congo conferred one of the country’s most prestigious national honours, the Officer of the Congolese Order of Merit, on Prof. Benedict Okey Oramah, President & Chairman of the Board of the African Export-Import Bank (Afreximbank), and Dr. George Elombi, the Executive
Trident OGX Congo secures US$300 million Afreximbank facility in deal to raise crude oil production growth in Congo
Brazzaville, 2 October 2023: – The African Export-Import Bank (Afreximbank) in Brazzaville signed an agreement to provide a $300 million facility to Trident OGX Congo in a transaction expected to raise the Republic of Congo’s crude oil production by an estimated 30 per cent. Signed by Ibrahima Bagarama, Regional Chief Operating Officer – Central Africa,
African Continental Free Trade Area to create immense opportunities for Algerian businesses
Algiers, Algeria – 29 September 2023 – “It Is time for Africa to take her destiny in her own hands and to determine her own developmental agenda. However, doing so will not be easy. It will require commitment, courage, and deliberate action. Traders need to seek out new market opportunities rather than the conventional route of
Afreximbank urges prioritisation of export trading companies to drive African SME participation in global trade
New York, 25 September 2023: – The African Export-Import Bank (Afreximbank) has called on African countries to prioritise the development of public and private export trading companies (ETCs) in order to position the continent’s small and medium enterprises (SMEs) to participate effectively in global trade. In an address to the Africa International Exhibition, which opened yesterday
Afreximbank announces US$500,000 support for earthquake relief in Morocco
Cairo, 19 September 2023 – African Export-Import Bank (Afreximbank) has today announced a $500,000 donation to provide immediate humanitarian relief to the Kingdom of Morocco and especially towards the hard-hit regions of Al Haouz, Chichaoua, Taroudant, Amizmiz and Marrakesh, following the devastation caused by a massive magnitude 6.8 earthquake. The earthquake is the strongest to hit
Nigerian businesses poised to expand their footprints across the continent and lead intra-African trade growth
Lagos, Nigeria – 13 September 2023 “Independence is only the prelude to a new and more involved struggle for the right to conduct our own economic and social affairs” – Kwame Nkrumah, Pan-Africanist and father of African independence. “This statement made over 60 years ago continues to ring true today. It underlines the position that
Afreximbank announces first half 2023 results delivers strong 1H financials performance
Cairo, 12 September 2023: – African Export-Import Bank (“Afreximbank” or the “Group”) has released the consolidated financial statements of the Bank and its subsidiaries, for the half year ended 30 June 2023. The results demonstrate a strong and resilient performance, which was ahead of expectations. Afreximbank Group’s total balance sheet assets grew by 8% from US$27.9
Afreximbank signs MOU to support the development of Nigeria’s Anambra State, foresees $200-million debt financing
Awka (Nigeria), 07 September 2023: The African Export-Import Bank (Afreximbank) has signed a memorandum of understanding (MOU) with Nigeria’s Anambra State Government to collaborate on state development efforts through the provision of project preparation and advisory services, including a potential debt financing programme of up to US $200 million. Under the terms of the MOU