News articles

Afreximbank signs Memorandum of Understanding with the African Petroleum Producers Organization to establish an African Energy Transition Bank

Cairo, 20 May 2022 – African Export-Import Bank (Afreximbank) has signed an Agreement with the African Petroleum Producers Organization (APPO) according to which both parties will collaborate on the establishment of an African Energy Transition Bank in support of an Africa-led energy transition strategy. The new institution will accelerate Africa’s economic development, whilst ensuring this

Afreximbank and FCI tout the merits of factoring for SME financing in Central Africa

African Export-Import Bank (Afreximbank) and FCI concluded a two-day conference last week in Brazzaville, Republic of Congo, to promote factoring and receivables finance in the Central Africa region. The event which held during 12-13 May, attracted about 250 participants from 15 countries in finance, legal and business sectors, as well as government, regulators and policy

JOINT COMMUNIQUE BETWEEN AFREXIMBANK AND APPO ON THE NEED FOR THE ESTABLISHMENT OF AN AFRICAN ENERGY BANK

Having regard to the long, mutually beneficial relationship and cooperation between the African Petroleum Producers’ Organization (APPO) and African Export-Import Bank (AFREXIMBANK), Considering the current discussions by APPO and AFREXIMBANK to jointly establish an African Energy Transition Bank, Concerned about the challenge posed to the African oil and gas industry and Africa’s economic development, by

Afreximbank appoints new Chief Executive Officer and Chief Investment Officer for FEDA

Cairo, 13 May 2022: – African Export-Import Bank (Afreximbank) has announced the appointment of Ms. Marlene Ngoyi as the Chief Executive Officer of the Fund for Export-Development in Africa (FEDA), the Bank’s development-oriented subsidiary. Mr. Emmanuel Assiak has been appointed Chief Investment Officer. Ms. Ngoyi, who hails from the Democratic Republic of Congo (DRC), has

Registration opens for 2022 Afreximbank Annual Meetings

Cairo, 10 May 2022: Registration is open for the 2022 Annual Meetings of the African Export-Import Bank (Afreximbank), which will be held in the New Administrative Capital of the Arab Republic of Egypt from 15to 18 June 2022. The 29th Afreximbank Annual Meetings with the theme “Realising the AfCFTA Potential in the post COVID-19 Era—Leveraging

2022 Africa CEO Trade Survey – What does the AfCFTA mean for African business?

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

Afreximbank Declared “Best Multilateral Bank” at Trade Finance Global International Trade Awards 2022; and Receives Four EMEA Finance Achievement Awards

Cairo, 6 May 2022 –  African Export-Import Bank (Afreximbank) is delighted to announce its receipt of the award for Best Multilateral Development Bank at the Trade Finance Global (TFG) 2022 International Trade Awards.  The award was presented to the Bank at the Global Annual Meeting of BAFT held in Washington DC on 4th May 2022.

Afreximbank’s Kanayo Awani makes  Nigeria Women Annual’s “100 Leading Women” list

Cairo, 29 April 2022 –  The Managing Director of Afreximbank’s Intra-African Trade Initiative Division, Mrs. Kanayo Awani, has been named among the 100 outstanding women leaders in Nigeria, according to the list published in the 2022 edition of Nigeria Women Annual: 100 Leading Women.  Mrs.  Awani’s listing acknowledges her distinguished career and contributions to the

Afreximbank releases consolidated financial results for 2021, showing strong growth despite the challenging operating environment

Cairo, 19 April 2022: – African Export-Import Bank (“Afreximbank” or the “Bank”) has released the consolidated financial statements of the Bank and its wholly owned subsidiaries, altogether referred to as the Afreximbank Group (the “Group”), for the year ended 31 December 2021. The Group results demonstratedstrong and resilient growth, with interest income crossing the US$1

PAPSS announces collaboration with BUNA to build a payment gateway between Africa and the Arab region

Cairo, 26 April 2022: The Pan-African Payment and Settlement System (PAPSS) operated by African Export-Import Bank (Afreximbank) in collaboration with the African Continental Free Trade Area (AfCFTA) Secretariat, announced today the signing of a Memorandum of Understanding (MoU) with BUNA, the cross-border and multi-currency payment system owned by the Arab Monetary Fund (AMF). Interoperability among

Afreximbank conducting business roadshow in Mozambique

Cairo, 01st April 2022 – The African Export-Import Bank (Afreximbank) conducted a business roadshow in Mozambique from the 28th to the 31st of March, which targeted local businesses and showcased the Bank’s programmes, facilities and initiatives to an audience comprised of local business stakeholders, parastatals, and financial institutions, among others. Afreximbank showcased various products including

Côte d'Ivoire signs hosting agreement for intra-African trade fair (IATF2023)

Abidjan, 28 March 2022 – The Intra-African Trade Fair (IATF2023) will take place from November 21-27, 2023, in Abidjan, Côte d’Ivoire. The Ivorian Government has signed the hosting agreement that officially confirms Côte d’Ivoire as the host country for the trade fair organized by the African Export-Import Bank (Afreximbank) in collaboration with the African Union

AVAT establishes a No-Fault Compensation Scheme to support widespread COVID-19 vaccine delivery

23 March 2022 –  The African Vaccine Acquisition Trust (AVAT) yesterday in Abidjan, Côte d’Ivoire, officially launched a no-fault compensation programme for COVID-19 vaccines in participating countries in Africa and the Caribbean. The AVAT No-Fault Compensation Scheme (AVAT NFCS) provides eligible individuals with prompt, fair and transparent compensation for unlikely adverse events associated with COVID-19

Arab-Africa Trade Bridges (AATB) Board of Governors Meeting

Cairo, 22 March 2022 – The 3rd Annual Board of Governors (BoG) Meeting of the Arab-Africa Trade Bridges (AATB) Program recently held in Cairo, Egypt, chaired by Dr. Hala ElSaid, Minister of Planning and Economic Development, convened all partners, strategic stakeholders, and public and private sector players in the Program to reinforce the role of

Afreximbank agrees to a US$207 facility with NEXI in support of efforts to combat Covid-19

Cairo, 17 March 2022 – African Export-Import Bank (Afreximbank) today in Cairo announced the finalization of a US$207 million facility granted by Nippon Export and Investment Insurance (NEXI), the state-owned Japanese organization focused on trade and investment. The facility will support the Bank’s broader response measures to the Covid-19 pandemic, especially its financing efforts for

Afreximbank congratulates the Republic of Congo as it adopts Factoring Law

Cairo, 10 March 2022: – African Export-Import Bank (Afreximbank) announced that the Republic of Congo has enacted a factoring law to support business activities. The Bank congratulated the Republic of Congo saying that the move constitutes a critical milestone in  its efforts to increase Africa’s share of global factoring volumes from its current level of

Afreximbank in collaboration with the Djibouti Chamber of Commerce conducts a roadshow for the Business Community

    Cairo, 4 March 2022 – African Export-Import Bank (Afreximbank) and the Djibouti Chamber of Commerce (CCD) conducted a three-day business roadshow in the country, to promote the Bank’s programmes, facilities, and initiatives to stakeholders, including Government Agencies, Parastatals, Financial Institutions and the businesses community among others. The roadshow consisted of a one-day seminar