News articles

IATF2021 Advisory Council Holds 7th Meeting Virtually

[caption id="attachment_22024" align="aligncenter" width="1002"] Chairman of the IATF Advisory Council, President Olusegun Obasanjo (bottom right); Vice Chairman Mr. Jean Louis Ekra (left) and Mrs. Kanayo Awani, Managing Director of the Intra-African Trade Initiative, Afreximbank.[/caption] The Advisory Council of the second Intra-African Trade Fair (IATF2021) convened on 4 September 2020 for its seventh session to review

Afreximbank tops Bloomberg’s Africa Capital Markets League Tables as Mandated Lead Arranger for Africa Borrower Loans

Cairo, 19 October 2020: The African Export-Import Bank (Afreximbank), the pan-African multilateral EXIM bank, has been ranked sub-Saharan Africa’s number 1 mandated lead arranger in Bloomberg’s Q3 2020 Capital Markets League Tables for Africa Borrower Loans. Afreximbank’s leading position for Mandated Lead Arranger services reflects its decisive response to the economic impacts of COVID-19. The

Afreximbank’s Fourth Annual Babacar Ndiaye Lecture

The African Export-Import Bank (Afreximbank) will be hosting its fourth annual Babacar Ndiaye Lecture on Tuesday 20 October 2020 from 2:30 pm – 4:00 pm (Cairo time), under the theme ‘Africa and the Remaking of the New World Order’. The keynote address will be delivered by H.E. Professor Kishore Mahbubani, a world-renowned geopolitical thinker and

The Cook-out Africa with Vincent Berry - Six-time Grammy Nominee

#TheCookoutAfrica continues its rollout virtually across the continent. This collaborative songwriting masterclass is presented by The African Export- Import Bank (Afreximbank) and multi-Grammy Award nominated composer and producer Vincent Le Carl Berry II. The third edition is headed to Francophone Africa on Thursday October 29th at 18:00 WAT GMT + 1 / 19:00 CAT GMT

Countdown to IATF2021: Revival of the African Economy and AfCFTA

Cairo, 7 October 2020: – Afreximbank, in collaboration with the African Union, has hosted the third in the series of five live events as a countdown for the African continent’s premier trade event, the Intra-African Trade Fair (IATF2021), which is to be held in Kigali, Rwanda, from 6 – 12 September 2021, under the theme

Afreximbank provides $100 million overdraft facility for African states to facilitate online procurement of COVID-19 supplies

Cairo, 29 September 2020: – African Export-Import Bank (Afreximbank), the pan-African multilateral EXIM bank, announces $100 million financing to enable its Member States to procure COVID-19 related medical resources through the Africa Medical Supplies Platform (AMSP). The funding is available to African governments to acquire medical supplies through the AMSP in the form of pre-approved

Afreximbank recognized for its role in promoting intra-African trade by the Africa-America Institute (AAI)

Cairo, 25 September 2020: – The African Export-Import Bank (Afreximbank) has been awarded the 2020 Africa-America Institute (AAI) ‘International Institution of Excellence Award’, during the Institute’s 36th Awards Virtual Awards Gala. Becoming the first organization to receive the award in the history of the institute since its establishment in 1953, Afreximbank was honored this award

Fitch affirms Afreximbank’s BBB- credit rating

Credit ratings agency highlights strong solvency and liquidity, bolstered by ongoing and expected capital increases Cairo, 24 September 2020: – The African Export-Import Bank (Afreximbank) announces that Fitch Ratings has affirmed the Bank’s long-term Issuer Default Ratings (IDR) at ‘BBB-‘ with a stable outlook. The agency also affirmed the Bank’s Short-Term IDR at ‘F3’ and

Afreximbank appoints new Director of Syndications and Agency

 Mr. Constantin von Moltke has more than 20 years’ experience of working for both commercial banks and development finance institutions in structured finance focused on syndicated lending   [caption id="attachment_21899" align="alignnone" width="238"] Constantin von MoltkeDirector, Syndications & AgencyAfreximbank[/caption] Cairo, 23 September 2020: – The African Export-Import Bank (Afreximbank) has announced the appointment of Mr. Constantin von

Afreximbank and ITFC Partner with ARSO to Facilitate Intra-African Trade in Pharmaceuticals and Medical Devices, under the Umbrella of the AATB Program

(Jeddah, Cairo, Nairobi, 14 September 2020) – The African Export-Import Bank (Afreximbank) and the International Islamic Trade Finance Corporation (ITFC), have partnered with the African Organisation for Standardisation (ARSO), to launch a new Arab-Africa Trade Bridges Program (AATB) initiative called the Harmonisation of Standards for Pharmaceutical and Medical Devices in Africa, aimed at promoting the

Afreximbank disburses US$200 million to Zenith Bank Plc Nigeria to cushion impact of COVID-19

Cairo, 11 September 2020: – African Export-Import Bank (Afreximbank) has disbursed US$200 million to Zenith Bank Plc Nigeria under its Pandemic Trade Impact Mitigation Facility (PATIMFA). The funds will assist Zenith Bank to continue to maintain foreign currency trade flows impacted by the COVID-19 pandemic. They will also allow Zenith Bank to on-lend to eligible

GCR affirms Afreximbank’s A- rating

Credit rating underpinned by Afreximbank’s strong status as one of the largest Multilateral Development Banks within the African region Cairo, 28 August 2020: – The African Export-Import Bank (Afreximbank), Africa’s foremost multilateral trade finance institution, announces that Global Credit Rating (GCR) has affirmed its international scale long-term and short-term issuer ratings of A- and A2,

Afreximbank wins Debt Deal of the Year Award at The African Banker Awards 2020

Cairo, 26th August 2020: – The African Export-Import Bank (Afreximbank), Africa’s foremost multilateral trade finance institution, was today announced winner of the Debt Deal of the Year Award at the 14th Annual African Banker Awards 2020 held virtually. The awards recognize institutions and individuals driving growth and development in Africa and creating new economic opportunities

Afreximbank provides $400m to the Export Trading Group to drive agricultural productivity and resilience

Three-year revolving global credit facility will strengthen African agricultural networks and bolster the continent’s food security Cairo, 26 August 2020: – The African Export-Import Bank (Afreximbank), Africa’s foremost multilateral trade finance institution, has approved a $400-million revolving global credit facility agreement for the Export Trading Group (ETG), one of the largest and fastest-growing integrated agricultural

Afreximbank Delivers Solid Performance in H1 2020

Cairo, 24 August 2020: – African Export-Import Bank (Afreximbank) today released its unaudited financial statements for the six months ended 30 June 2020. Despite the impact of the Covid-19 pandemic on socio-economic conditions globally, the Bank saw its Net Income rise by 10% from US$137.63 million in June 2019 to US$150.75 million in June 2020,

Masterclass in Collaborative Songwriting: Southern Africa

Join #TheCookoutAfrica with Vincent Berry – Six-time Grammy Nominee Masterclass in Collaborative Songwriting: Southern Africa Presented by  Intra-African Trade Fair 2021 / Promoted by the African Export-Import Bank The African Export-Import Bank (Afreximbank) is pleased to announce that the second edition of #TheCookoutAfrica Songwriting series with multi-Grammy Award nominated composer and producer Vincent Le Carl

Agence Française de Développement and the African Export-Import Bank sign a EUR 150 million agreement aimed at promoting sustainable and climate finance in Africa

Cairo, 19 August 2020: – On July 2nd 2020, Agence Française de Développement (AFD) and the African Export-Import Bank (AfreximBank) have announced a new facility agreement for a EUR 150 Million financing program to support Afreximbank in the implementation of its new climate finance strategy which will target green, low carbon, socially inclusive and more