Mota-Engil Secures EUR100 Million Afreximbank Facility to Support Economic Integration Projects

Cairo, 18 April 2019: – The African Export-Import Bank (Afreximbank) has announced the disbursement of an EUR100 million revolving global credit facility to Mota-Engil Engenharia e Construçáo África, S.A. (Mota-Engil Africa) to support the company to implement key developmental projects in Africa. Such projects include the construction of trade-carrying and trade-supporting infrastructure required for the

Afreximbank Creating Digital Ecosystem to Ease Trade Finance Flows, Says President

Washington D.C., 15 April 2019: – The African Export-Import Bank (Afreximbank) is working, with the support of African Union (AU), to create a digital ecosystem that will eliminate the major bottlenecks to trade finance flows within Africa, Bank President Prof. Benedict Oramah has announced in Washington D.C. Delivering an address on 11 April at the

2019 Programme for Certificate of Finance in International Trade Takes Off

Cairo, 12 April 2019: – A cohort of 11 African trade finance practitioners have embarked on the 2019 version of the Certificate of Finance in International Trade (COFIT) offered by the African Export-Import Bank (Afreximbank) in collaboration with the FCI+IFG Union and the University of Malta. The 2019 COFIT cohort will be the fourth for

Afreximbank President Meets Turk Eximbank CEO

Prof. Benedict Oramah, President of the African Export-Import Bank (Afreximbank), on 5 April 2019 in Marrakesh, Moroco, met with Adnan Yıldırım, Chief Executive Officer (CEO) of the Export Credit Bank of Turkey (Turk Eximbank), to explore opportunities for collaboration between the two institutions. Speaking during the meeting, Prof. Oramah said that Afreximbank was seeing a

AFREXIMBANK Conveys $1.5-Million Tropical Cyclone Relief Donation to Affected Countries

Cairo, 29 March 2019: – The African Export-Import Bank (Afreximbank) yesterday made good on its donation of $1.5 million in support of the relief effort for victims of Tropical Cyclone Idai, sending a high-level delegation to the embassies of Mozambique, Zimbabwe and Malawi in Cairo to deliver documents formally conveying the donations to the three

Afreximbank Donates $1.5 Million to Support Tropical Cylone Idai Relief Efforts in Mozambique, Zimbabwe and Malawi; Also Plans Deployment of Post-Crisis Interventions

Cairo, 28 March 2019: – The African Export-Import Bank (Afreximbank) has announced the donation of $1.5 million to support the relief effort in aid of the victims of Tropical Cyclone Idai which devastated the southern African countries of Mozambique, Zimbabwe and Malawi recently. Afreximbank President Prof. Benedict Oramah said that the relief package was approved

Uganda’s Minister of State for Tourism Visits Afreximbank

26 March 2018 – A Ugandan delegation led by Kiwanda Ssuubi, the Minister of State for Tourism, visited the headquarters of the African Export-Import Bank (Afreximbank) yesterday to explore opportunities for working with the Bank, particularly in the tourism sector. Mr. Ssuubi said that the delegation wanted to gain an understanding of the Bank’s Construction/Tourism-Linked

Afreximbank Proffers Factoring to Ease Access to Financing for African SMEs

Cairo, 18 March 2019: – The African Export-Import Bank (Afreximbank) has made the case for factoring as a viable and sustainable solution to address the challenge of access to financing which is hindering the growth of Africa’s small and medium-scale enterprises (SMEs). Kanayo Awani, Managing Director of the Intra-African Trade Initiative at Afreximbank, said on

Eswatini Joins Afreximbank as 51st Participating State

Cairo, 06 March 2019: – The Kingdom of Eswatini today in Cairo deposited the instrument of its accession to the 1993 Agreement for the Establishment of the African Export-Import Bank (Afreximbank), making it the 51st African country to become a participating or shareholder state of the continental trade finance institution. The instrument, signed on 25

Afreximbank Appoints Audit Director

Cairo, 03 March 2019: – The African Export-Import Bank (Afreximbank) has announced the appointment of Abel Osuji as Director of its Internal Audit Department following the upgrade of that function into a full department. Until the appointment, Mr. Osuji had, since 2010, served as Senior Manager heading the internal audit function of the Bank which