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
Cairo, 18 March 2020: – Registration for the 2020 Annual Meetings of the African Export-Import Bank (Afreximbank), which will be held in Sharm El Sheikh, Egypt, has opened, according to information released today by the Bank. Afreximbank announced that intending participants for the meetings, dubbed AAM2020, could register by visiting the Annual Meetings website at:
Afreximbank, PSF Will Showcase Opportunities from IATF2020 Participation