News articles

African sub-sovereign government leaders urged to take ownership of the AfCFTA

Abuja, 3 October 2022 – The second edition of the African Sub-sovereign Governments Network (AfSNET) conference, held on 30 September 2022 in Abuja, Nigeria, unanimously called on African sub-nationals to play their full role in facilitating the implementation of the African Continental Free Trade Area (AfCFTA). Organised by African Export-Import Bank (Afreximbank) in collaboration with

2nd African Sub-Sovereign Governments Network

Abuja, Nigeria, 30 September 2022 WE, the Network of African Sub-Sovereign Governments, having attended the 2ndAfrican Sub-Sovereign Governments Network (AfSNET) Conference jointly convened by the Nigeria Governors’ Forum (NGF) and the African Export-Import Bank (Afreximbank), under the theme “African Sub-Sovereign Governments Network-Championing Africa’s Development”; ACKNOWLEDGING that African sub-sovereign authorities and economies have a critical role

Afreximbank Trade Payment Services (AfPAY) launched

Harare, Zimbabwe, 29 September 2022 – African Export-Import Bank (Afreximbank) is delighted to announce the commercial launch of Afreximbank Trade Payment Services – or “AfPAY” – an intervention designed to facilitate the settlement of international trade on open account terms on behalf of identified African financial institutions and their clients. Afreximbank developed the product specifically

Afreximbank President Benedict Oramah wins 2022 Margaret H. Demant African Art Award, presented by the Detroit Institute of Arts

Detroit, Michigan, USA, 28 September 2022 – Professor Benedict Oramah, President and Chairman of the Board of Directors of African Export-Import Bank (Afreximbank) has received in Detroit, Michigan, USA, the 2022 Margaret H. Demant African Art Award, presented by the Friends of African and African American Art (FAAAA) of the Detroit Institute of Arts. The

Afreximbank and the Nigeria Governors Forum Announce the 2nd African Sub-Sovereign Governments Conference in Abuja

Abuja, 28 September 2022 – African Export-Import Bank (Afreximbank), in collaboration with the Nigerian Governors Forum (NGF), has announced the second edition of the African Sub-Sovereign Governments Network (AfSNET) Conference set to take place on 30th September 2022 in Abuja, Nigeria. Under the theme “African Sub-Sovereign Governments Network, Championing Africa’s development”, the Conference will herald,

The Fund for Export Development in Africa (FEDA) announces its first close of US$670 million across four fund strategies

Kigali, 27 September 2022: The Fund for Export Development in Africa (“FEDA”), the impact investment arm of the African Export-Import Bank (“Afreximbank”), set up to support intra-African trade growth, value-add export development and industrialization, is pleased to announce its first close of US$670 million across its four fund strategies. Of the $670 million raised, $270

JOINT PRESS RELEASE: AFDB, AFREXIMBANK, ATI, AUDA-NEPAD, GUARANTCO AND ICIEC

Africa Co-Guarantee Platform partners reaffirm commitment to catalyzing trade and investment Cairo, 27 September 2022 – Amid rising urgency for  instruments to de-risk investment across Africa, the Africa Co-Guarantee Platform’s (CGP) six partners have affirmed commitments to better leverage guarantee and insurance products, resulting in more trade and investment across Africa.  The partners pledged to

Afreximbank welcomes the adoption of factoring laws in Niger and Burkina Faso

Cairo, 26 September 2022 – African Export-Import Bank (Afreximbank) has commended the Governments of Niger and Burkina Faso for adopting a factoring law to support the business activities of SMEs. The enactment of the factoring law by these two countries will support the emergence and growth of factoring, which in turn will support SMEs in

Afreximbank and Export Development Fund Limited of Malawi host inaugural Joint Project Preparation Facility (JPPF) Workshop in Lilongwe, Malawi

Cairo 26 September 2022 – African Export-Import Bank (Afreximbank) and Export Development Fund Limited (EDF) of Malawi recently co-hosted a workshop in Lilongwe under the theme “Leveraging Project Preparation to Unlock Industrialization and Export Development Opportunities in Malawi.” This first-of-a-kind workshop was aimed at raising awareness of the ongoing collaboration between Afreximbank and EDF in

Afreximbank’s legal director wins General Counsel of the Year at the African Legal Awards

Samallie Kiyingi, Afreximbank Director Legal Services, receiving the General Counsel of the Year Award on 2 September in Johannesburg, South Africa. Cairo, 15 September 2022 – African Export-Import Bank (Afreximbank) is delighted to announce that Samallie Kiyingi, the Bank’s Director Legal Services, has won General Counsel of the Year at the African Legal Awards, held

Côte d'Ivoire to Host next CANEX Weekend in November 

Abidjan, 15 September 2022 – The next Creative Africa Nexus Weekend (CANEX WKND) will be hosted in Abidjan, Côte d’Ivoire, from 25 to 27 November 2022, the Government of Côte d’Ivoire and the African Export-Import Bank (Afreximbank) have announced. The announcement released today in Abidjan stated that Côte d’Ivoire had agreed to host CANEX WKND

Signing of High-Profile Agreements and MoUs Herald Conclusion of ACTIF2022

Bridgetown, Barbados, 13 Sept. 2022: The three-day AfriCaribbean Trade and Investment Forum 2022 (ACTIF2022) hosted in Bridgetown, Barbados, ended on a high note with the signing of a total of 14 agreements and memorandums of understanding (MoUs) aimed at deepening economic ties between Africa and the Caribbean. The agreements, expected to form the foundation for

ACTIF2022 ends with a commitment to building a commercial bridge for shared prosperity

Bridgetown, Barbados, 03 September 2022: The AfriCaribbean Trade and Investment Forum 2022 (ACTIF2022) successfully concluded in Bridgetown, Barbados, with a commitment by participants to remove the scars of the past and build a commercial bridge towards forging a prosperous future for Africa and the Caribbean. In the communique presented at the end of the Forum,

Africa and the Caribbean Can Remove Scars of Middle Passage Through Cooperation on Regions’ Great Issues, says PM Mottley of Barbados

Bridgetown, Barbados, 01 Sept. 2022: Africa and the Caribbean have it within their capacity “forever to remove the scars of the middle passage” by cooperating on the great issues confronting the two regions, Prime Minister Mia Mottley of Barabados said today at the opening of the first-ever AfriCaribbean Trade and Investment Forum (ACTIF2022) in Bridgetown,

Afreximbank reveals plans for Caribbean Exim Bank as AfriCaribbean Trade and Investment Forum opens

Professor Benedict Oramah, President and Chairman of the Board of Directors of Afreximbank at the opening ceremony of the inaugural AfriCaribbean Trade and Investment Forum on 1 September 2022 in Bridgetown, Barbados. Bridgetown, Barbados, 1 September 2022 – The first-ever AfriCaribbean Trade and Investment Forum (ACTIF2022) opened today in Bridgetown, Barbados, with African Export-Import Bank

Afreximbank attends ground-breaking ceremony for Gasmeth project in Lake Kivu, Rwanda

Lake Kivu, Rwanda, 31 August 2022 – African Export-Import Bank (Afreximbank) was delighted to attend the ground-breaking ceremony marking an historical milestone in the GasMeth Compressed Natural Gas project. The project, being developed by Gasmeth Energy Limited, has the capacity to rapidly transform the industrial and trade landscape of Rwanda and the broader East African sub-region. Afreximbank’s

CARICOM Chairman and other senior African and Caribbean officials to address inaugural AfriCaribbean Trade and Investment Forum

Over 1,500 delegates from 93 countries already registered for ACTIF2022 Bridgetown/Cairo, 30 August 2022 – The first-ever AfriCaribbean Trade and Investment Forum (ACTIF2022), being held at the Lloyd Erskine Sandiford Centre in Bridgetown, Barbados, from 1 to 3 September, will hear addresses from Barbados’ Prime Minister Hon. Mia Amor Mottley; President Chandrikapersad Santokhi of Suriname,

JCR Rating Agency Ltd affirms Afreximbank’s long-term issuer rating at A-, with a “Stable” outlook

Cairo, 23 August 2022 – African Export-Import Bank (Afreximbank) has announced that Japan Credit Rating Agency (JCR) has affirmed its long-term issuer rating of A- and maintained the “Stable” outlook. The affirmation of Afreximbank’s issuer rating is testament of the Bank’s ever strengthening credit profile and positions to continue to expand and escalate its interventions

Participants in AfriCaribbean Trade and Investment Forum to benefit from Barbados visa waiver

11 August 2022, Bridgetown, Barbados – African participants in the first-ever AfriCaribbean Trade and Investment Forum (ACTIF2022) taking place in Bridgetown, Barbados, from 1 to 3 September will benefit from a decision by the Government to waive visa requirements for passport holders from 24 African countries who would have needed visas to enter the country.