Cairo, 20 May 2022 – African Export-Import Bank (Afreximbank) has signed an Agreement with the African Petroleum Producers Organization (APPO) according to which both parties will collaborate on the establishment of an African Energy Transition Bank in support of an Africa-led energy transition strategy. The new institution will accelerate Africa’s economic development, whilst ensuring this
African Export-Import Bank (Afreximbank) and FCI concluded a two-day conference last week in Brazzaville, Republic of Congo, to promote factoring and receivables finance in the Central Africa region. The event which held during 12-13 May, attracted about 250 participants from 15 countries in finance, legal and business sectors, as well as government, regulators and policy
Having regard to the long, mutually beneficial relationship and cooperation between the African Petroleum Producers’ Organization (APPO) and African Export-Import Bank (AFREXIMBANK), Considering the current discussions by APPO and AFREXIMBANK to jointly establish an African Energy Transition Bank, Concerned about the challenge posed to the African oil and gas industry and Africa’s economic development, by
Cairo, 13 May 2022: – African Export-Import Bank (Afreximbank) has announced the appointment of Ms. Marlene Ngoyi as the Chief Executive Officer of the Fund for Export-Development in Africa (FEDA), the Bank’s development-oriented subsidiary. Mr. Emmanuel Assiak has been appointed Chief Investment Officer. Ms. Ngoyi, who hails from the Democratic Republic of Congo (DRC), has
Brazzaville, Republic of Congo, Tuesday, 10 May 2022: FCI and African Export-Import Bank (Afreximbank) are proud to announce the confirmation of the presence of the Minister of Finance and Budget and Public Portfolio of the Republic of Congo at the upcoming Central Africa Regional Promotion Conference on Factoring. Mr Rigobert Roger ANDELY will deliver the
Cairo, 10 May 2022: Registration is open for the 2022 Annual Meetings of the African Export-Import Bank (Afreximbank), which will be held in the New Administrative Capital of the Arab Republic of Egypt from 15to 18 June 2022. The 29th Afreximbank Annual Meetings with the theme “Realising the AfCFTA Potential in the post COVID-19 Era—Leveraging
Cairo, 6 May 2022 – African Export-Import Bank (Afreximbank) is delighted to announce its receipt of the award for Best Multilateral Development Bank at the Trade Finance Global (TFG) 2022 International Trade Awards. The award was presented to the Bank at the Global Annual Meeting of BAFT held in Washington DC on 4th May 2022.
Cairo, 29 April 2022 – The Managing Director of Afreximbank’s Intra-African Trade Initiative Division, Mrs. Kanayo Awani, has been named among the 100 outstanding women leaders in Nigeria, according to the list published in the 2022 edition of Nigeria Women Annual: 100 Leading Women. Mrs. Awani’s listing acknowledges her distinguished career and contributions to the
Cairo, 19 April 2022: – African Export-Import Bank (“Afreximbank” or the “Bank”) has released the consolidated financial statements of the Bank and its wholly owned subsidiaries, altogether referred to as the Afreximbank Group (the “Group”), for the year ended 31 December 2021. The Group results demonstratedstrong and resilient growth, with interest income crossing the US$1
Cairo, 26 April 2022: The Pan-African Payment and Settlement System (PAPSS) operated by African Export-Import Bank (Afreximbank) in collaboration with the African Continental Free Trade Area (AfCFTA) Secretariat, announced today the signing of a Memorandum of Understanding (MoU) with BUNA, the cross-border and multi-currency payment system owned by the Arab Monetary Fund (AMF). Interoperability among
Cairo, 6 April 2022 – The Board of Directors of African Export-Import Bank (Afreximbank) on 31 March 2022 approved the launch of the Ukraine Crisis Adjustment Trade Financing Programme for Africa (UKAFPA), a programme of credit facilities that the Bank has developed to manage the impacts of the Ukraine crisis on African economies and businesses.
Cairo, 01st April 2022 – The African Export-Import Bank (Afreximbank) conducted a business roadshow in Mozambique from the 28th to the 31st of March, which targeted local businesses and showcased the Bank’s programmes, facilities and initiatives to an audience comprised of local business stakeholders, parastatals, and financial institutions, among others. Afreximbank showcased various products including