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

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 a Cameroonian and joins FCI with tremendous experience in factoring, credit insurance

Afreximbank and Credit Suisse complete a US$1 billion 3-year syndicated term loan for Nigeria’s Bank of Industry

Cairo, 29 December 2020 – African Export-Import Bank (Afreximbank) announces the closing of a US$1 billion facility for the Bank of Industry, Nigeria’s state-owned development bank. The Facility provides much needed support to Nigerian businesses across key sectors and is the largest international syndicated loan to a Nigerian financial institution since the onset of the

Afreximbank expands Trade Finance Intermediary Initiative

Cairo, 15 December 2020: – During 2020, the African Export-Import Bank (Afreximbank) has increased the number of its Trade Finance Intermediaries (TFIs) to more than 65 in 30 African countries. A key component of the Bank’s business model, the Trade Finance Intermediary initiative enables a smoother delivery of Afreximbank’s initiatives and credit solutions. In line

MUFG leads on ground-breaking $520 million COVID-19 response facility for Afreximbank

  London, Cairo, 14 December 2020 – MUFG and African Export-Import Bank (Afreximbank) have closed a ground-breaking $520 million facility, the first to be covered by Nippon Export and Investment Insurance (NEXI). NEXI’s proactive support for this facility was agreed on the basis of Afreximbank being a strategic partner, participation from Japanese investors, and the

AfCFTA: Afreximbank supports factoring as a viable alternative source of finance for SMEs

Cairo, 11 December 2020 – The African Export-Import Bank (Afreximbank) considers factoring as a viable alternative financing instrument for supporting Small and Medium-sized Enterprises (SMEs) at a time when traditional commercial bank lending is tightening while trading is about to begin under the African Continental Free Trade Area (AfCFTA). Kanayo Awani, Managing Director of Afreximbank’s

Afreximbank and CNNIC partner for a unique multi-year initiative that puts African scale-up companies in the spotlight

CNN International Commercial (CNNIC) and African Export-Import Bank (Afreximbank) are collaborating on a new long-term initiative to showcase, empower and tell the stories of emerging and expanding businesses – known as scale-up companies – across Africa. In the first partnership of its kind, CNNIC has combined a rich suite of branded content and sponsorship solutions

The Governing Council of the Pan-African Payment and Settlement System Holds Inaugural Meeting

  Cairo, 07 December 2020: – The interim Governing Council of the Pan-African Payment and Settlement System (PAPSS) held its inaugural meeting in Cairo on 3 December 2020, a historic step towards the operationalization of the payment system. Developed by African Export-Import Bank (Afreximbank), under the auspices of the African Continental Free Trade Area (AfCFTA)

Afreximbank Signs Framework Agreement with African Energy Investment Corporation

Cairo, 03 December 2020: – A Framework Agreement was signed on December 1st in Cairo between the African Export-Import Bank (Afreximbank) and the African Energy Investment Corporation (AEICorp), an affiliated entity of the African Petroleum Producers’ Organization (APPO) that was established to support the development of Africa’s hydrocarbon and energy sectors.

Afreximbank launches MANSA, Africa’s Digital Due Diligence Repository

Cairo, 30 November 2020: – African Export-Import Bank (Afreximbank) today in Cairo officially launched the operations of ‘MANSA’, a pan-African customer due diligence repository for financial institutions, corporate entities and SMEs, developed to address the perceived risk of doing business in Africa and with Africans.

Afreximbank’s African Commodity Index declines moderately in Q3-2020

Cairo, 18 November 2020: – African Export-Import Bank (Afreximbank) has released the Afreximbank African Commodity Index (AACI) for Q3-2020. The AACI is a trade-weighted index designed to track the price performance of 13 different commodities of interest to Africa and the Bank on a quarterly basis.