Cairo, 6 April 2022 – The Pan-African Private Sector Trade and Investment Committee (PAFTRAC) has announced today the launch of the 2nd edition of its Africa CEO Trade Survey. The focus this year will be on the opportunities being created by the African Continental Free Trade Area (AfCFTA) Agreement. The AfCFTA agreement creates the largest
Durban, 18 November, 2021. The African Export-Import Bank (Afreximbank) and African Risk Capacity (ARC) Group signed a Memorandum of Understanding (MoU) to jointly enhance resilience and disaster risk financing initiatives that also impacts the trade and supply chain across the continent. The purpose of this MOU is to enable joint member states to enhance disaster
Abidjan, 29 September 2021: – The organisers of the Intra-African Trade Fair (IATF2021) met with the business community in Abidjan, Côte d’Ivoire, on 27 September to raise awareness and encourage private sector participation in the African continent’s premier trade and investment event. Organised by the African Export-Import Bank (Afreximbank) in collaboration with the African Union
Cairo, 19 July 2021: – The African Export-Import Bank (Afreximbank) has announced a US$300,000 grant to the World Food Programme (WFP) in Egypt to fund the rehabilitation of the Luxor Coordination Centre for Knowledge sharing and Innovation to promote Resilience in Upper Egypt. The Luxor Center, established by WFP in partnership with the Ministry of
Cairo/Abuja, 24 March 2021: – African Export-Import Bank (Afreximbank) and Nigeria Export-Import Bank (NEXIM) have entered into a Memorandum of Understanding (MoU) to establish a Joint Project Preparation Fund that will provide early project preparation financing and technical support services to public and private sector entities operating in Nigeria’s trade sector. Under the terms of
The Advisory Council of the Intra-African Trade Fair 2021 (IATF2021) has held its ninth meeting in preparation for the Trade Fair scheduled to take place in Kigali, Rwanda from 6 to 12 September 2021. IATF2021 Advisory Council members discussed preparatory arrangements and reviewed progress on the organisation of the continental trade exhibition. The meeting, held
Cairo, 29 January 2021: – African Export-Import Bank (Afreximbank), has been ranked as Africa’s #1 mandated lead arranger in sub-Saharan Africa, according to Bloomberg’s 2020 full-year “Capital Markets League Tables”. This assessment of the Bank’s transactions recognizes the institution’s leadership role in mobilizing capital from both within and outside of the continent from a diverse
Cairo, 29 December 2020 – African Export-Import Bank (Afreximbank) announces the closing of a US$1 billion facility for the Bank of Industry, Nigeria’s state-owned development bank. The Facility provides much needed support to Nigerian businesses across key sectors and is the largest international syndicated loan to a Nigerian financial institution since the onset of the
Cairo, 15 December 2020: – During 2020, the African Export-Import Bank (Afreximbank) has increased the number of its Trade Finance Intermediaries (TFIs) to more than 65 in 30 African countries. A key component of the Bank’s business model, the Trade Finance Intermediary initiative enables a smoother delivery of Afreximbank’s initiatives and credit solutions. In line
Cairo, 03 December 2020: – A Framework Agreement was signed on December 1st in Cairo between the African Export-Import Bank (Afreximbank) and the African Energy Investment Corporation (AEICorp), an affiliated entity of the African Petroleum Producers’ Organization (APPO) that was established to support the development of Africa’s hydrocarbon and energy sectors.
The African Import-Export Bank (Afreximbank) and International Trade Centre (ITC) team up to help businesses make the most of the African Continental Free Trade Area.
Cairo, 14 May 2020: – The African Export-Import Bank (Afreximbank) vaulted market uncertainties caused by COVID-19 pandemic to successfully conclude a dual-currency Syndicated Loan, raising the equivalent of US$907.5 million, comprised of two tranches of US$485 million and EUR390.4 million. Proceeds will be used for general corporate activities, and will strengthen the Bank’s liquidity position as it implements its