News articles

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

Shareholders Invest Half a Billion Dollars in New Equity in Afreximbank

Cairo, 23 Jan. 2020: – The African Export-Import Bank (Afreximbank or the Bank) announces that existing shareholders, including the Federal Republic of Nigeria and the Arab Bank for Economic Development in Africa, have invested $200 million through Class A, B and C shares and $300 million in callable capital, bringing the total value of new

Afreximbank Signs Term Sheet for $190 Million Facility to Made in Africa Inc.

Kigali, 17 Jan. 2020: – The African Export-Import Bank (Afreximbank) today in Kigali signed a term sheet with Made In Africa Inc. (MIA) to provide the company with a $190-million facility to finance the acquisition of a company involved in designing, producing and distributing African fashion fabrics. The facility, broken into two tranches, will also

Afreximbank Announces $500-Million Creative Industry Support Fund as CAX WKND Opens

Kigali, 17 Jan. 2020: – The Creative Africa Exchange Weekend (CAX WKND), Africa’s first continental event dedicated to promoting exchange within the creative and cultural industry, kicked off in Kigali today with Prof. Benedict Oramah, President of the African Export-Import Bank (Afreximbank) announcing a $500-million envelope to support the production and trade of African cultural

Nigeria’s Imo State Allocates Land to Afreximbank for Quality Assurance Centre

Owerri, 09 Jan. 2020: – The African Export-Import Bank (Afreximbank) has received the certificate of occupancy for a five-hectare plot of land granted to it by the government of Imo State of Nigeria for the development of an internationally accredited quality assurance centre in the state. Afreximbank is supporting the establishment of such internationally accredited

Over 2,000 Participants From 68 Countries Expected at CAX Weekend in Kigali

Cairo, 03 Jan. 2020: – More than 2,000 participants from 68 countries are expected at the Creative Africa Exchange (CAX) Weekend which opens in Kigali on 16 January in what the organisers are describing as Africa’s first continental event dedicated to promoting exchange within the creative and cultural industry. Organised by Times Multimedia (TMM) and