News articles

Afreximbank appoints Mr. Emmanuel Assiak as Acting CEO of FEDA

[caption id="attachment_22468" align="aligncenter" width="682"] Mr. Emmanuel Assiak, Acting Chief Executive Officer, FEDA[/caption] Cairo, 24 March 2020: – The Board of the Fund for Export-Development in Africa (FEDA), an equity, development impact-oriented subsidiary of African Export-Import Bank (Afreximbank) has appointed Mr. Emmanuel Assiak as Acting Chief Executive Officer (CEO) effective March 11, 2021, until the recruitment

Afreximbank to Collaborate with Nigeria Export-Import Bank to Provide Project Preparation Facilities in Support of Nigeria’s Exports

Cairo/Abuja, 24 March 2021: – African Export-Import Bank (Afreximbank) and Nigeria Export-Import Bank (NEXIM) have entered into a Memorandum of Understanding (MoU) to establish a Joint Project Preparation Fund that will provide early project preparation financing and technical support services to public and private sector entities operating in Nigeria’s trade sector. Under the terms of

Intra-African Trade Fair (IATF2021) New Date Confirmed

Cairo/Kigali/Addis Ababa, 22 March 2021: – The second Intra-African Trade Fair (IATF2021) is now set to take place from 8 to 14 December 2021. African Export-Import Bank (Afreximbank), the African Union (AU) and the Government of Rwanda have decided to shift the date of the continental trade fair, which was previously scheduled to hold from

Afreximbank announces a US$350m Term Loan Facility for OCP Group

Cairo, 15 March 2021: – African Export-Import Bank (Afreximbank), the Pan-African multilateral EXIM Bank, announces the signing of a 7-year US$350 Million Term Loan Facility to provide financing to OCP Group, the world’s largest phosphate mining and leading fertilizer company. This facility will support OCP Group’s expansion plans across Africa. Prof. Benedict Oramah, President of

Afreximbank partners with COMESA to implement its US$1billion Continental Transit Guarantee Scheme

Cairo, 10 March 2021: – African Export-Import Bank (Afreximbank) has signed the Instrument of Accession to the Inter-Surety Agreement for the Implementation of the COMESA Regional Customs Transit Guarantee/bond Agreement. The Bank is now set to begin the implementation of its US$1billion Continental Transit Guarantee Scheme, of which about US$200 million is earmarked for the

IATF2021 Advisory Council Holds its Ninth Meeting

The Advisory Council of the Intra-African Trade Fair 2021 (IATF2021) has held its ninth meeting in preparation for the Trade Fair scheduled to take place in Kigali, Rwanda from 6 to 12 September 2021. IATF2021 Advisory Council members discussed preparatory arrangements and reviewed progress on the organisation of the continental trade exhibition. The meeting, held

African Export-Import Bank and AfCFTA call on President of the Republic of Ghana H.E. Nana Akufo-Addo on the Pan-African Payments and Settlements System (PAPSS)

[caption id="attachment_22430" align="aligncenter" width="1024"] From left to right, Governor of the Central Bank of Ghana, Dr. Ernest Addison; President of Afreximbank, Prof. Benedict Oramah; President of the Republic of Ghana, H.E. Nana Akufo-Addo; Secretary-General of AfCFTA, Mr. Wamkele Mene; Minister of Trade & Industries of Ghana, Mr. Alan Kyerematen; President of Ghana’s Representative at the

AAAM and Afreximbank sign an MoU to drive Automotive Investment in Africa

Cairo, Johannesburg, 18 February 2021: – The African Export-Import Bank (Afreximbank) and the African Association of Automotive Manufacturers (AAAM) have entered into a Memorandum of Understanding (MoU) for the financing and promotion of the automotive industry in Africa. Prof. Benedict Oramah, President of Afreximbank and Mike Whitfield, President of AAAM and Managing Director of Nissan

Afreximbank tops Bloomberg’s Africa Capital Markets League Tables as Mandated Lead Arranger, ranks highly in other categories

Cairo, 29 January 2021: – African Export-Import Bank (Afreximbank), has been ranked as Africa’s #1 mandated lead arranger in sub-Saharan Africa, according to Bloomberg’s 2020 full-year “Capital Markets League Tables”. This assessment of the Bank’s transactions recognizes the institution’s leadership role in mobilizing capital from both within and outside of the continent from a diverse

Mauritania becomes second signatory state of the Establishment Agreement of Fund for Export Development in Africa (FEDA)

Cairo, 25 January 2021: – The Islamic Republic of Mauritania has signed the Agreement for the Establishment of the Fund for Export-Development in Africa (FEDA), a development impact-oriented subsidiary of Afreximbank. The agreement was signed on 6th January 2021 by the Minister for Foreign Affairs and International Cooperation, Mr. Ismail Ould Cheikh Ahmed, on behalf

AMSP opens COVID-19 vaccines pre-orders for 55 African Union Member States

  Johannesburg, January 19, 2021 — Following the announcement by the African Union Chairperson, President Cyril Ramaphosa on the 14th of January 2021 that the African Union has secured a provisional 270 million COVID-19 vaccine doses for Africa through its COVID-19 African Vaccine Acquisition Task Team (AVATT), the Africa Medical Supplies Platform (AMSP), on behalf

African Development Bank, African Export-Import Bank & FCI work together to launch a major Grant to support the Capacity Building of Emerging Factoring Firms in Africa

Abidjan, Cairo, Amsterdam, 7 January 2021 – The African Export-Import Bank (Afreximbank) together with its partners the African Development Bank (AfDB) and FCI announce the creation of a special purpose Grant authorized and funded by the AfDB’s Trust Fund to support the capacity building of emerging factoring firms in Africa that will benefit many SMEs

FCI and Afreximbank appoint Mr. Nassourou Aminou as Regional Manager for Africa

[caption id="attachment_22266" align="aligncenter" width="810"] Mr. Nassourou Aminou, FCI Africa Chapter Regional Manager[/caption] Amsterdam, 4 January 2021 – FCI along with Afreximbank announce the appointment of Mr. Nassourou Aminou as the new Regional Manager for Africa. The recruitment of the Africa Chapter Regional Manager is a joint effort of FCI and Afreximbank. Mr. Nassourou Aminou is