Cairo, 6 August 2020: – The African Export-Import Bank (Afreximbank), Africa’s foremost multilateral trade finance institution, is supporting the advancement of Mozambique’s energy industry and economy by committing up to US$400 million in guarantees and direct lending to the Area 1 LNG Project. The total Project is estimated to cost about US$24 billion and is
Cairo, 20 July 2020: – The African Export-Import Bank (Afreximbank) has been recognized by EMEA Finance’s 12th African Banking Awards for two transactions processed under its Intra-African Trade Initiative. Afreximbank was recognized for its leading role in the $737 million bundle of guarantee facilities granted to Elsewedy Electric Group and The Arab Contractors for the
4th August 2020:- Accelerated EIB financing under Team Europe initiative Over 25% of funds dedicated to women in business and climate action Pan-African rapid response to alleviate COVID-19 impact and support climate action Scheme to support trade and ensure medical supplies continue The European Investment Bank (EIB), the lending arm of the European Union, and
Cairo, 18 July 2020: – African Export-Import Bank (Afreximbank), Africa’s foremost multilateral trade finance institution, announces that the global credit ratings agency Moody’s, on 14 July affirmed the Bank’s long-term credit rating at Baa1, with a stable outlook.
Cairo, 15 July 2020: – The African Export-Import Bank (Afreximbank), Africa’s foremost multilateral trade finance institution, has disbursed a total of $3.55bn to the Egyptian Banking sector under its Pandemic Trade Impact Mitigation Facility (PATIMFA) since the outbreak of the pandemic in March this year. In its bid to strengthen long-term economic prosperity in the
Cairo, 14 June 2020: – Shareholders of African Export-Import Bank (Afreximbank) have voted and re-appointed Prof. Benedict Oramah as President of the Pan-African multilateral financial institution for a second 5-year term.
The African Import-Export Bank (Afreximbank) and International Trade Centre (ITC) team up to help businesses make the most of the African Continental Free Trade Area.
Cairo, 14 May 2020: – The African Export-Import Bank (Afreximbank) vaulted market uncertainties caused by COVID-19 pandemic to successfully conclude a dual-currency Syndicated Loan, raising the equivalent of US$907.5 million, comprised of two tranches of US$485 million and EUR390.4 million. Proceeds will be used for general corporate activities, and will strengthen the Bank’s liquidity position as it implements its
Cairo, 11 May 2020: – Due to the COVID-19 Pandemic, the African Export-Import Bank (Afreximbank) has made the decision to cancel the series of events which were set around its 27th Annual General Meeting and to hold the Shareholders’ meeting by correspondence. Afreximbank President Prof. Benedict Oramah said that the decision to hold the Shareholders’
Cairo, 29 April 2020: – In light of the COVID-19 pandemic, the African Export-Import Bank (Afreximbank), the African Union (AU) and the Government of Rwanda have decided to postpone by one year the second Intra-African Trade Fair (IATF2020) initially set to take place from 1 to 7 September 2020 in Kigali, Rwanda. This decision was
Cairo, 23 April 2020: – The African Export-Import Bank (Afreximbank) has announced a $3-million grant to complement continental efforts to combat the COVID-19 pandemic. Afreximbank President Prof. Benedict Oramah, who made the announcement in Cairo, said that the grant was in response to a request by African heads of state, through the auspices of the
Cairo, 08 April 2020: – The African Export-Import Bank (Afreximbank) today in Cairo released its audited financial statements for the year ended 31 December 2019, showing strong and consistent growth, with total comprehensive income of $324.2 million.