News articles

Afreximbank, Thelo DB Sign MoU for Railway Development in Africa

Johannesburg, South Africa, 12 Nov. 2019: The African -Export Import Bank (Afreximbank) and South Africa-based Thelo DB Proprietary Limited today in Johannesburg, South Africa, signed a memorandum of understanding (MoU) to develop, finance and operate railway projects in Africa. Under the terms of the MoU, signed on the sidelines of the ongoing Africa Investment Forum,

Afreximbank, Cote d’Ivoire Sign Agreement for Industrial Park Development

Abidjan, 10 Nov. 2019: – The drive for Africa’s industrialisation received a major boost on Friday with the signing of the development agreement for Industrial Park PK 24 in Abidjan by the government of Cote d’Ivoire and the African Export-Import Bank (Afreximbank). Afreximbank President Prof. Benedict Oramah signed the agreement on behalf of the institution

Afreximbank Hosts Compliance Forum

Compliance practitioners from financial institutions across Africa gathered in Durban, South Africa, from 6 to 7 November for the Afreximbank Compliance Forum hosted by the African Export-Import Bank (Afreximbank). Welcoming the participants, Amr Kamel, Afreximbank Executive Vice President in charge of Business Development and Corporate Banking, said that as the importance of compliance to organizations,

Afreximbank Urges Open Account Terms for Achievement of AfCFTA Intra-African Trade Goals

Durban, South Africa, 08 Nov. 2019: – The African Export-Import Bank (Afreximbank) has urged the use of open account terms for trade in Africa in order to facilitate the realization of the intra-African trade aspirations of the African Continental Free Trade Area (AfCFTA) and to enhance competitiveness. Kanayo Awani, Managing Director of the Intra-African Trade

Over 200 Receive Certificates as Afreximbank Trade Finance Seminar Ends

[caption id="attachment_20841" align="aligncenter" width="420"] Participants in the 2019 Afreximbank Trade Finance Seminar in Durban, South Africa[/caption] Durban, South Africa, 7 Nov. 2019: The African Export-Import Bank (Afreximbank) today in Durban, South Africa, awarded certificates in trade finance to more than 200 financial services professionals who participated in the 2019 Afreximbank Trade Finance Seminar. The seminar,

Afreximbank Trade Finance Seminar Prepares African Bankers For Difficult Environment

[caption id="attachment_20834" align="aligncenter" width="420"] Afreximbank Executive Vice President Amr Kamel speaking during the opening of the 2019 Afreximbank Trade Finance Seminar and Workshop in Durban, South Africa.[/caption] Durban, South Africa, 4 Nov. 2019: The 2019 Afreximbank Trade Finance Seminar and Workshop opened in Durban, South Africa, today with Amr Kamel, Executive Vice President in charge

President Putin Honours Afreximbank President with Russian National Award

Moscow, 04 Nov. 2019: – President Vladimir Putin of Russia today in Moscow bestowed the national honour of “The Order of Friendship” on Prof. Benedict Oramah, President of the African Export-Import Bank (Afreximbank). The award took place during a ceremony held in the Kremlin, seat of the Government of the Russian Federation, and was witnessed

Afreximbank President Discusses with Nigeria’s Transport Minister

The Nigerian Minister of Transport, Rotimi Amechi, has held consultations with Prof. Benedict Oramah, President of the African Export-Import Bank (Afreximbank), to discuss opportunities for collaboration by the Bank in the development of the transport sector in Nigeria where the government is in discussion with some Russian companies. The consultations, which took place in Sochi,

Ivorian President Receives Afreximbank Chief

The recent Russia-Africa Summit which took place in Sochi, Russian Federation, could lead to the emergence of Russia as another source of investment goods for Africa, Prof. Benedict Oramah, President of Afreximbank, has said Speaking in Sochi when he was received in audience by President Allasane Ouattara of Cote d’Ivoire on the sidelines of the

Afreximbank President Confers with Gabon Prime Minister

Gabon welcomes the opportunity to work with the African Export-Import Bank (Afreximbank) in supporting trade and economic development in the country, Julien Nkoghe Bekale, the Prime Minister, has said. Mr. Bekale was speaking in Sochi, Russian Federation, on Thursday when he received Prof. Benedict Oramah, President of Afreximbank, who led a delegation from the Bank

Russia-Africa Trade has Doubled Since Engagement, Says Afreximbank Chief

Sochi, Russian Federation, 24 Oct. 2019: – Trade between Africa and Russia has doubled in the years since the African Export-Import Bank (Afreximbank) started engaging with the Russian Export Center to promote trade between the two sides, Bank President Prof. Benedict Oramah said yesterday. Prof. Oramah, who was speaking during the opening of the Russia-Africa

Afreximbank Announces Cotton Initiative

[caption id="attachment_20753" align="aligncenter" width="442"] Kanayo Awani, Managing Director, Intra-African Trade Initiative, Afreximbank, speaking during launch of African Corner at World Cotton Day in Geneva.[/caption] Cairo, 21 Oct. 2019: – The African Export-Import Bank (Afreximbank) is developing an African Cotton Initiative (AFRICOTIN) to help to catalyse the African cotton sector, Kanayo Awani, Managing Director of the

Afreximbank Delegation Departs Washington After World Bank-IMF Meetings Participation

The African Export-Import Bank (Afreximbank) delegation led by Bank President Prof. Benedict Oramah to the 2019 Annual Meetings of the World Bank Group and the International Monetary Fund is departing Washington D.C. at the conclusion of the assignment. The delegation’s participation in the Annual meetings provided an opportunity for meetings and consultations with ministers, central

Address Security Sector Corruption and Abuse of Power for Effective AfCFTA Implementation, Former AFRICOM Commander Urges at Babacar Ndiaye Lecture

Washington, D.C., 19 Oct. 2019: – To ensure effective implementation of the African continental Free Trade Area (AfCFTA) Agreement, African countries must address corruption and abuse of power in the security sector as they could impede and raise the cost of trade, Gen. William Ward, former Commander of the United States Africa Command (AFRICOM), said

Afreximbank President Leads Delegation to U.S. EXIM

A delegation of the African Export-Import Bank (Afreximbank) led by the President, Prof. Benedict Oramah, visited the headquarters of the United States Export-Import Bank (U.S. EXIM) yesterday to discuss opportunities for collaboration between the two institutions. Kimberly A. Reed, President and Chairman of U.S. EXIM, received the Afreximbank delegation for the meeting held on the

Afreximbank President Drives Trade Development as he Meets African Leaders in Washington

Prof. Benedict Oramah, President of the African Export-Import Bank (Afreximbank), who is leading a Bank delegation to the ongoing Annual Meetings of the World Bank and the International Monetary Fund, is taking advantage of the presence of key minsters and senior African government officials to hold meetings aimed at strengthening Afreximbank’s support for Africa’s trade

Afreximbank President Receives Two Awards in the U.S.

Washington, D.C., 17 Oct. 2019: – Prof. Benedict Oramah, President of the African Export-Import Bank (Afreximbank), today in Washington, D.C., received the 2019 2019 Man of the Year Award from Diaspora Today magazine and the African Diaspora Distinguished Leadership Award of Prince Georges County of Maryland, United States. Presenting the two awards, Angela Alsobrooks, Prince

Afreximbank Rolling Out Quality Assurance Centres to Support Compliance with International Standards and Technical Regulations

[caption id="attachment_20656" align="aligncenter" width="1024"] Seminar participants in group photo.L-R (Seating) M. B. Marobela, Vice Chairperson, African Organisation for Standardisation (ARSO); Susannah Ochieng, Consultant; Dr. H. Nsengimana, Secretary General, ARSO; Kanayo Awani, Managing Director, Intra African Trade Initiative (IATI), Afreximbank; Dr. Oswald Chinyamakobvu, Senior Technical Advisor, Quality Infrastructure, African Union;(Standing) Francesco Lucci, Market Leader, CIF Africa;