14 June 2021 – The President of the World Bank, Mr David Malpass, and his senior management team comprised of Dr Axel van Trotsenburg and Dr Makhtar Diop met with the African Union’s COVID-19 Vaccine Acquisition Task Team (AVATT) to discuss modalities for a partnership that will accelerate vaccine deployment to Africa. In a historic
Cairo, 9 June 2021: – African Export-Import Bank (Afreximbank) and Banque du Caire (BDC) today in Cairo signed the agreement formalising Afreximbank’s US$200 million Intra-African Investment Finance Facility to support BDC’s expansion across Africa.
Cairo/Nairobi/Johannesburg, 8 June 2021: – African Export-Import Bank (Afreximbank) is supporting the African Organisation for Standardisation (ARSO) to harmonise standards in the automotive sector in Africa in order to facilitate an accelerated development of the sector across the continent. The harmonised standards are to be adopted by individual African countries, facilitating cross-border trade, under the
King’s College Hospital, London (KCH) affirmed as Clinical Partner Cairo, 03 June 2021: – African Export-Import Bank (Afreximbank) has announced the commencement of its African Medical Centre of Excellence (AMCE) project in Abuja, Nigeria. It will provide world-class care to both low and high-income patient groups across the continent.
Cairo/Abuja, 31 May 2021: – African Export-Import Bank (Afreximbank) and Nigeria Export-Import Bank (NEXIM) have announced a US$750,000 grant to support the charting of the main channel of the Niger-Benue river in Nigeria, as part of the Regional Sealink Project, which aims to bridge the gap in maritime transport infrastructure and improve trade connectivity
Cairo, 28 May 2021: – African Export-Import Bank (Afreximbank) has signed a collaboration agreement with Africa Finance Corporation (AFC) to facilitate and support manufacturing of vaccines on the continent, critical to supporting Africa’s fight against diseases, such as COVID-19. Under the agreement signed in April, Afreximbank and AFC will identify and engage partners, and co-finance
Cairo, 27 May 2021: – African Export-Import Bank (Afreximbank) today, in Cairo, released its unaudited financial statements for the three months ended 31 March 2021, showing strong and resilient growth, ahead of prior year results and in line with expectations. The Bank reported a net income of US$87.3 million, a 4% increase over the 2020
Cairo, 19 May 2021 – African Export-Import Bank (Afreximbank) has announced the commencement of construction of the Africa Quality Assurance Centre (AQAC) in Ogun State, Nigeria. The Centre will be a state-of-the-art facility with the capacity to offer testing, certification, inspection, and training services covering agricultural products. It is the first in a series of
Cairo, 18 May 2021: – African Export-Import Bank (Afreximbank) on 10 May 2021 successfully closed a US$1.3 billion dual tenor bond issuance, the Bank’s largest-ever transaction in the international debt capital markets. Afreximbank printed a US$600 million 5-year note at a spread of T+185bps and a US$700 million 10-year note at a spread of T+220bps,
Cairo, 17 May 2021: – The Republic of Guinea has signed the Agreement for the Establishment of the Fund for Export-Development in Africa (FEDA), a development impact-oriented subsidiary of the African Export-Import Bank (Afreximbank). The Establishment Agreement was signed on 31 March 2021 by the Minister for Foreign Affairs, Mr. Ibrahima Khalil Kaba, on behalf
Cairo, 19 April 2021: – African Export-Import Bank (Afreximbank), in collaboration with the United Nations Economic Commission for Africa (ECA), the African Development Bank (AfDB) and Making Finance Work for Africa Partnership (MFW4A), released on 15 April 2021 a special African Trade Finance Survey Report which provides an authoritative assessment of the Impact of the
29 March 2021 — In a historic COVID-19 vaccine procurement Agreement signed on 28 March 2021, all African Union Member States, through the African Vaccine Acquisition Trust (AVAT) set up in November 2020 under the African Union chairmanship of H.E President Cyril Ramaphosa, President of South Africa, will have access to 220 million doses of