News articles

Afreximbank Bucks COVID-19 On Course to Raise over US$1 billion in Syndicated Loan

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

Afreximbank Cancels 2020 Annual Meeting Side Events due to COVID-19 | Shareholders to Consider 27th Annual Meeting Resolutions by Correspondence

Cairo, 11 May 2020: – Due to the COVID-19 Pandemic, the African Export-Import Bank (Afreximbank) has made the decision to cancel the series of events which were set around its 27th Annual General Meeting and to hold the Shareholders’ meeting by correspondence. Afreximbank President Prof. Benedict Oramah said that the decision to hold the Shareholders’

IATF2020 Postponed due to COVID-19

Cairo, 29 April 2020: – In light of the COVID-19 pandemic, the African Export-Import Bank (Afreximbank), the African Union (AU) and the Government of Rwanda have decided to postpone by one year the second Intra-African Trade Fair (IATF2020) initially set to take place from 1 to 7 September 2020 in Kigali, Rwanda. This decision was

Afreximbank Announces $3-Million COVID-19 Response Grant for African Countries

Cairo, 23 April 2020: – The African Export-Import Bank (Afreximbank) has announced a $3-million grant to complement continental efforts to combat the COVID-19 pandemic. Afreximbank President Prof. Benedict Oramah, who made the announcement in Cairo, said that the grant was in response to a request by African heads of state, through the auspices of the

With tariffs gone, the work begins for African trade. By Dr. George Elombi, Executive Vice President (Governance, Legal & Corporate Services), Afreximbank, in the Financial Times, 14 March 2020.

Removal of tariff barriers by the AfCFTA is a starting point, not a destination. When the African Continental Free Trade Area (AfCFTA) came into force in May last year, it set a course for radical increases in prosperity across the continent. The agreement strips away tariffs on 90 per cent of goods and opens up

Afreximbank Announces $3-Billion Facility to Cushion Impact of COVID-19

Cairo, 24 March 2020: – The African Export-Import Bank (Afreximbank) has announced a $3-billion facility, named Pandemic Trade Impact Mitigation Facility (PATIMFA), to help African countries deal with the economic and health impacts of the COVID-19 pandemic. PATIMFA, approved by the Bank’s Board of Directors during its sitting on 20 March, will provide financing to

Afreximbank Holds Trade Finance Training for Zimbabwean Banks

Harare, 19 March 2020: – The African Export-Import Bank (Afreximbank) has delivered a training programme for Zimbabwean banks in an effort to enhance their technical skills in trade finance. The documentary trade finance training, held in Harare from 24 to 29 February, attracted 44 participants from 15 commercial banks, one non-bank financial institution and the

President Oramah's Message to Afreximbank Clients, Customers and Shareholders on COVID-19

Dear Afreximbank Clients, Customers and Shareholders, The COVID-19 pandemic has emerged as one of the biggest global challenges in recent times and is forcing nations, markets, corporations and individuals to take unprecedented actions to ensure public safety and business continuity. Africa has largely been spared the brunt of the outbreak, but the continent remains in

Registration Opens for 2020 Afreximbank Annual Meetings

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:

Given Opportunity, Youth Have Been the Force for Positive Change, says Afreximbank’s Prof. Oramah

[caption id="attachment_21287" align="aligncenter" width="821"] Afreximbank President Prof. Benedict Oramah delivering the 14th Convocation Lecture at Nnamdi Azikiwe University, Awka, Nigeria[/caption] Awka, Nigeria, 13 March 2020: The new Africa presents the continent’s youth with an excellent battleground to join and wage the economic struggle that will finally liberate Africa, Prof. Benedict Oramah, President of the African

Egyptian Ministry of Foreign Affairs hosts briefing on the African Export-Import Bank and ways to promote Egyptian economic presence in African markets

Within the framework efforts by Egypt’s Ministry of Foreign Affairs to foster partnership among governmental bodies, the private sector and regional financial institutions in order to benefit from the opportunities which can be offered by these institutions, so as to maximize the Egyptian economic presence in African markets, Ambassador Omar Abou Eish, Assistant Minister of

IATF2020 Advisory Council Holds Fifth Meeting in Kigali

The Advisory Council of the second Intra-African Trade Fair (IATF2020) has met in Kigali for its fifth session to review the event workplan and other initiatives accompanying the trade fair. Addressing the meeting, Chief Olusegun Obasanjo, IATF2020 Advisory Council Chairman and former President of Nigeria, told the organisers and partners “to remain fully committed with

Afreximbank, FCI to Promote Factoring to East African SMEs

Cairo, 24 Feb. 2020: – The African Export-Import Bank (Afreximbank), in collaboration with FCI, will hold a two-day conference in Nairobi to promote the use of factoring to enhance access to financing for small and medium-sized enterprises (SMEs) in East Africa. The Regional Conference on Factoring and Receivables Finance is scheduled to take place on

Afreximbank Urges Rwandan Businesses to Exploit IATF2020 to Tap AfCFTA Benefits

Kigali, 14 Feb. 2020: – The second Intra-African Trade Fair (IATF2020) will provide key pathways for the Rwandan private sector to access intra-African trade opportunities offered by the African Continental Free Trade Area (AfCFTA), Kanayo Awani, Managing Director of Afreximbank’s Intra-African Trade Initiative, has said. Addressing the opening of a roadshow held in Kigali on

Registration Opens for Second Intra-African Trade Fair

IATF2020 to Showcase AfCFTA Opportunities, Boost Intra-African Trade Cairo, 10 Feb. 2020 – Registration has opened for the second Intra-African Trade Fair (IATF2020) scheduled to take place in Kigali from 1 to 7 September 2020. Organised by the African Export-Import Bank (Afreximbank) in collaboration with the African Union and hosted by the Government of Rwanda,

Roadshow to Help Rwandan Businesses Tap Into AfCFTA

Afreximbank, PSF Will Showcase Opportunities from IATF2020 Participation Kigali, 06 Feb. 2020 – The African Export-Import Bank (Afreximbank) has announced a roadshow in Kigali to show the Rwandan private sector how it can become a primary beneficiary of the African Continental Free Trade Area (AfCFTA) which will provide significant opportunities to access the largely untapped

VP Amr Kamel Leads Afreximbank Delegation to President Saied of Tunisia

[caption id="attachment_21139" align="aligncenter" width="1024"] Afreximbank Executive Vice President Amr Kamel (left) with President Kais Saied of Tunisia after their meeting in Tunis.[/caption] A delegation of the African Export-Import Bank (Afreximbank) led by Amr Kamel, Executive Vice President (Business Development and Corporate Banking), met yesterday with President Kais Saied of Tunisia as part of a mission

Afreximbank Signs to Launch 300-Billion Naira Medium-Term Note Programme in Nigeria

[caption id="attachment_21127" align="aligncenter" width="655"] Afreximbank President Prof. Benedict Oramah (left) passes signed document to Bank Treasurer Chandi Mwenebungu as Dr. Demola Sogunle, Chief Executive, Stanbic IBTC Bank PLC, signs during the ceremony in Lagos.[/caption] Lagos, Nigeria, 27 Jan. 2020: – The African Export-Import Bank (Afreximbank) today in Lagos, Nigeria, signed documents to complete the registration