Cairo, 10 August 2023: – In continuation of its strategy to assist African businesses in increasing their international presence, the African Export-Import Bank (Afreximbank) and international consultants Development Reimagined (DR) have entered into a partnership to promote the entry and sale of high-end sustainable African brands in China. The partnership which includes a grant from
AFREXIMBANK OPENS CARICOM OFFICE IN BARBADOS
Bridgetown Friday 4 August 2023 – Prof. Benedict Oramah, President and Chairman of the Board of Directors of African Export-Import Bank (Afreximbank), in the company of the Hon. Mia Amor Mottley, Prime Minister of Barbados, Dr. the Hon. Ralph Gonsalves, Prime Minister of St. Vincent and the Grenadines, the Hon. Phillip Pierre, Prime Minister of St.
Afreximbank reiterates prioritization of food security, promoting trade & investment and advancing the African Continental Free Trade Agreement (AfCFTA) at 2nd Russia-Africa Economic & Humanitarian Forum
St. Petersburg, Russia, 30 July 2023: – With the prevalent dependency of African economies on external supply of fertilizers and grains and up to 30% of cereals imported from Russia, ensuring that critical trade flows continue uninhibited, remains the priority of Afreximbank and its African member states. The lingering global food security challenges and the
Moody’s Maintains Afreximbank’s Credit Rating at Baa1
Cairo, 25 July 2023: – The African Export-Import Bank (Afreximbank), Africa’s foremost multilateral trade finance institution, announces that the global credit ratings agency Moody’s has maintained its rating at Baa1 in its annual credit analysis, with the outlook categorized as stable. The agency determines its rating for supranationals based on three criteria: capital adequacy, liquidity,
Afreximbank leads US$155 million strategic facility to Djibouti Ports and Free Zone Authority.
Nairobi, 17 July 2023: – The African Export-Import Bank (Afreximbank) today in Nairobi announced the disbursement of a $120-million financing facility to Djibouti’s Great Horn Investment Holding (GHIH) for the execution of a series of development projects in the country’s Damerjog Industrial Development Free Trade Zone. The deal, announced after a meeting between Afreximbank President
Gemcorp, Africa Finance Corporation and Afreximbank announce the financial close of Cabinda Oil Refinery with a US$335-million project financing facility
On completion of phase 1, the refinery will process 30,000 barrels of crude oil per day, delivering c. 10% of the country’s total demand for refined oil products LONDON and CAIRO, Egypt and LAGOS, Nigeria, July 17, 2023 — Gemcorp Holdings Limited (GHL), Africa Finance Corporation (AFC) and African Export-Import Bank (Afreximbank) are pleased to
Afreximbank, Digiloop sign MoU to Collaborate to Boost Sovereign Client’s Revenue Origination Capacity in Africa
Cairo, 11 July 2023: – The African Export-Import Bank (Afreximbank) and Digiloop, a Mauritius-based leading provider of technology-driven project finance solutions, have signed a memorandum of understanding (MoU) to collaborate in revenue origination, enhancement, and monitoring services across Africa. The MoU, signed by Mrs. Kanayo Awani, Executive Vice President, Intra-African Trade Bank, Afreximbank, and Sabelo
AFREXIMBANK LAUNCHES THE AFRICAN TRADE REPORT 2023
Accra, 10 July 2023: – The African Export-Import Bank’s (Afreximbank), 2023 edition of the African Trade Report (ATR2023) was launched at the Bank’s Annual Meeting – AAM2023 and 30th Anniversary celebrations in Accra, Ghana. Launching the ATR2023 along with HE Ambassador Albert Muchanga, the African Union Commissioner for Economic Development, Trade, Industry and Mining, Professor
Cairo Hosts IATF2023 Business Roadshow to Promote Trade Between Egypt and Africa
Cairo, Egypt – July 9, 2023: The African Export-Import Bank (Afreximbank), in collaboration with the African Union Commission (AUC), the African Continental Free Trade Area (AfCFTA) Secretariat and the Ministry of Trade & Industry of Egypt hosted a high-level business roadshow,ahead of the Intra-African Trade Fair (IATF 2023) scheduled to hold on the 9th to
Guyana To Host Second AfriCaribbean Trade and Investment Forum 30-31 October 2023.
Georgetown, Guyana, 7 July 2023: – The second AfriCaribbean Trade and Investment Forum (ACTIF23) will be hosted in Georgetown, Guyana, from 30 to 31 October 2023, African Export-Import Bank (Afreximbank) and Government of Guyana (GoG) announced today. Organised under the overarching theme “Creating a Shared Prosperous Future”,and convened by Afreximbank and the GoG, ACTIF23 will