News articles

Afreximbank commits US$500 Million to support Ethiopian Commercial Banks

Cairo, 15 September 2021: – The African Export-Import Bank (Afreximbank) has committed to provide US$500 Million to support Ethiopian commercial banks through the Afreximbank Trade Facilitation (AfTRAF) Programme, which incorporates various products devised to increase intra-extra African trade volumes, diversify the character of this trade, and assure the confidence of trade partners in the settlement

African Private sector urged to reap benefits of attending the Intra-African Trade Fair 2021 at pre-event Roadshow in Cape Town

Cape Town, 16 September 2021: – After Johannesburg on 14 September 2021, the organisers of the Intra-African Trade Fair (IATF2021) met with the business community in Cape Town on 15 September to raise awareness about the substantial benefits of attending the continental trade fair. Organised by the African Export-Import Bank (Afreximbank) in collaboration with the

CHAD Trade and Investment Promotion Forum

The opportunities for trade and investment in Chad are palpable – and yet they are too often overlooked or neglected. Indeed, despite an economy primed and poised for accelerated economic growth, the country’s share of intra-African exports in 2019 stood at a paltry 0.1% – clearly indicating that, supply-side constraints and information gaps around Chad’s

The Fund for Export Development in Africa (FEDA) makes its inaugural investment into Liquid Intelligent Technologies

Cairo, 06 September 2021: – African Export-Import Bank (Afreximbank) has announced a minority investment by the Fund for Export Development in Africa (FEDA) into Liquid Intelligent Technologies (Liquid), a pan-African telecommunications technology group. This is the first investment made by FEDA, a development impact-oriented subsidiary of Afreximbank, which provides equity and quasi-equity funding to companies

Organisers of the Intra-African Trade Fair 2021 explain the benefits of participating in the event during a roadshow in Kenya

Nairobi, 31 August 2021: – Kenya hosted a Country Roadshow to raise awareness about the substantial benefits of attending the second Intra-African Trade Fair (IATF2021). Organised by the African Export-Import Bank (Afreximbank) in collaboration with the African Union (AU) and the African Continental Free Trade Area (AfCFTA) Secretariat, IATF2021 will take place in Durban, KwaZulu-Natal,

Afreximbank records solid financial performance and made significant progress in its Strategic initiatives during the first half of 2021 amid the continuing negative impact of Covid 19 pandemic

Cairo, 02 September 2021: – African Export-Import Bank (Afreximbank) has released its audited financial statements for the six months ended 30 June 2021, showing a solid performance, in line with expectations. The results, which reflected a net income of $168.9 million for the period a 12% increase over $150.75 million recorded in 2020, were achieved

Afreximbank is keen on supporting sustainability and growth of trade in Kenya

[caption id="attachment_23751" align="aligncenter" width="1024"] Hon Betty Maina, Cabinet Secretary Ministry of Industrialisation, Trade and Enterprise, Kenya(R), and Ms Kanayo Awani, Managing Director, Intra-African Trade Initiative, African Import-Export Bank.[/caption] African Export-Import Bank (Afreximbank) remains committed in supporting sustainability and growth of trade in Kenya through the financial support of trade expansion opportunities. During a courtesy call

Establishment Agreement of Afreximbank’s Fund for Export Development in Africa (FEDA): Rwanda Ratifies, Togo and South Sudan join three other signatories

Cairo, 31 August 2021: – The Republic of Rwanda has become the first African country to ratify the Agreement for the Establishment of the Fund for Export Development in Africa (FEDA), while the Republic of Togo and the Republic of South Sudan have recently acceded to the Agreement establishing this development impact-oriented subsidiary of the

France works with African partners to deliver 10 million vaccines to Africa

  30 August 2021 – African Union Member States will receive an additional 10 million doses of Astra Zeneca and Pfizer COVID-19 vaccines over the next three months through a new partnership between the French government and the African Union. The vaccines will be allocated and distributed by the initiative known as the Africa Vaccine Acquisition Trust (AVAT) and the COVAX global vaccine

Organisers of the Intra-African Trade Fair 2021 extol the benefits of participating in the event during a roadshow in Ghana

Accra, 23 August 2021: – Ghana hosted a roadshow to raise awareness about the substantial benefits of attending the second Intra-African Trade Fair (IATF2021). Organised by the African Export-Import Bank (Afreximbank) in collaboration with the African Union (AU) and the African Continental Free Trade Area (AfCFTA) Secretariat, IATF2021 will take place in Durban, KwaZulu-Natal, South

Afreximbank partners with YALDA to enhance youth involvement in the implementation of the AfCFTA

Cairo, 11 August 2021: – African Export-Import Bank (Afreximbank) has announced funding and technical support to the Youth Alliance for Leadership and Development in Africa (YALDA), an international nonprofit organisation that aims to contribute to the development of Africa’s young leaders and enhance youth participation in the implementation and achievement of the African Continental Free

Afreximbank and BAFT Deliver Virtual Training Workshops on Correspondent Banking in Africa

Cairo/Washington 26 July 2021 – African Export-Import Bank (Afreximbank) and the Bankers Association for Finance and Trade (BAFT) today announced the launch of a series of training workshops for African respondent banks to enhance their ability to obtain and maintain correspondent banking relationships. The first round of workshops, to be held virtually on 27, 28

Afreximbank backs Vista Group acquisition of BICIGUI and BICIAB

Cairo, 21 July 2021: – African Export-Import Bank (Afreximbank) has closed a EUR 59.2 million Intra Africa Investment Finance Facility to finance Vista Group Holdings SA’s acquisition of majority stakes in Banque Internationale pour le Commerce et l’Industrie de la Guinée (BICIGUI) and Banque Internationale pour le Commerce, l’Industrie et l’Agriculture du Burkina (BICIAB). The

Afreximbank and Portugal’s National Association of Young Entrepreneurs announce a 3-year partnership to promote Africa’s fashion apparel and textile manufacturing industry

Cairo/Porto, 19 July 2021: African Export-Import Bank (Afreximbank) and Portugal’s National Association of Young Entrepreneurs (Associação Nacional de Jovens Empresários – ANJE), have announced a three-year partnership to support and promote Africa’s Fashion Apparel and Textile Manufacturing Industry in Portugal and across Europe. This partnership is part of Afreximbank’s Creative Africa Nexus (CANEX) programme, which

Statue Unveiled Honouring H.E. Issoufou Mahamadou’s Leadership in establishing the AfCFTA

Accra, 16 July 2021 – The African Continental Free Trade Area (AfCFTA) Secretariat, the African Union (AU), the United Nations Economic Commission for Africa (UNECA) and the African Export-Import Bank (Afreximbank) announce the unveiling of a statue in honour of His Excellency Issoufou Mahamadou, former President of the Republic of Niger and African Union Champion of

Fitch and GCR Upgrade Afreximbank’s Outlook to Positive, Moody’s Affirms Stable Ratings

Cairo, 16 July 2021: – African Export-Import Bank (Afreximbank) has received a set of strong credit rating affirmations and “Positive” outlooks from Moody’s, Fitch Ratings, and GCR Ratings, underlining its resilient financial position and performance. The ratings reinforce the Bank’s access to capital at a competitive cost, ensuring the continued success of key strategic initiatives

BCEAO, COFEB, AFREXIMBANK and FCI promote Factoring and financing of receivables

The Central Bank of West African States (BCEAO) through its training center, the West African Center for Training and Banking Studies (COFEB), in partnership with AFREXIMBANK and the international factoring network, FCI, joined their forces to increase and improve the financing of the West African Monetary Union. It is within this framework that the BCEAO

Standard Chartered Commits USD 200m Facility With Afreximbank for African Union COVID-19 Vaccination Acquisition Programme

Cairo, 15 July 2021: – African Export-Import Bank (Afreximbank) and Standard Chartered today announced an agreement for Standard Chartered to provide USD 200m of not-for-profit funding towards Afreximbank’s structured framework to help finance the acquisition of COVID-19 vaccines for African nations. The collaboration between Standard Chartered and Afreximbank will help ensure that 55 countries across