Milestone Agreements Forge New Paths in African-Arab Trade Relations Tunis, Republic of Tunisia, – 05 July 2024 -The Arab Africa Trade Bridges (AATB) Program announces the successful conclusion of its 4th Board of Governors (BoG) Meetings, held alongside with the Tunisia Africa Business Meeting (TABM) from 2 July 2024, in Tunis, Tunisia. This event marks
Afreximbank and BSMART Technology Ltd expand the Afreximbank African Collaborative Transit Guarantee Scheme (AACTGS) to cover container deposits and customs bonds in East Africa.
Nassau, The Bahamas, 05 July 2024: –African Export-Import Bank (Afreximbank) has signed a facility agreement with BSMART Technology Ltd expanding the Afreximbank African Collaborative Transit Guarantee Scheme (AACTGS) to cover the issuance of container deposit guarantees and customs bonds in the East African Community (EAC) region. Under the terms of the agreement, signed at the
Annual Africa-Caribbean trade could reach US$1.8 billion by 2028: ITC-Afreximbank research
(Nassau/Geneva)… 04 July 2024: – Trade between Africa and the Caribbean could rise to US$1.8 billion per year by 2028 if value addition, trade facilitation and improved logistics are prioritized, according to new research by the International Trade Centre (ITC) and African Export-Import Bank (Afreximbank). Current bilateral trade in goods between the two regions
Afreximbank announces Board changes and increase in authorized capital
Cairo, Egypt 03 July 2024: – African Export-Import Bank (“Afreximbank” or the “Bank”) is pleased to announce the following Board changes which took place at the Bank’s 31st Annual General Meeting held recently in Nassau, The Bahamas, Board Changes Class “A” Mrs. Lydia Shehu Jafiya was elected to replace Mr. Aliyu Ahmed. Mrs. Jafiya is
Afreximbank Invests in Project to Rejuvenate AfriCaribbean Trade and Cultural Ties
Nassau, The Bahamas, 02 July 2024: –African Export-Import Bank (Afreximbank) has signed an agreement to avail a Project Preparation Facility in favour of the of Government of the Commonwealth of The Bahamas to develop and implement an Afro-Caribbean Marketplace. Once implemented, the Afro-Caribbean Marketplace will comprise 90 outlets dedicated to the sale of authentically African
The Afreximbank Spouse Network (ASNET) donates USD 100,000 to local charities in Nassau, Bahamas
Nassau, The Bahamas, 01 July 2024: At a charity event hosted by African Export-Import Bank Spouse Network (ASNET), in collaboration with the office of the First Lady of The Commonwealth of The Bahamas, ASNET donated USD 100,000 to two local charity groups – The Salvation Army and Bahamas Children’s Emergency Fund. The event took place
Afreximbank and the WTO Secretariat harmonize efforts to develop trade in Africa
Cairo, June 28, 2024: Today, African Export-Import Bank (Afreximbank or “the Bank”) signed a Memorandum of Understanding (MoU) with the World Trade Organization (WTO) to amplify the impact of their strategically aligned joint efforts of promoting global trade leveraging Africa’s unique resource endowment. The MoU will allow the two organizations to pursue a collaborative framework
Afreximbank signs collaboration MoU with Caribbean Export Development Agency
Nassau, The Bahamas, 28 June 2024: – African Export-Import Bank (Afreximbank) has entered into a Memorandum of Understanding (MoU) with the Caribbean Export Development Agency (CEDA) to formalise collaboration between the two institutions and provide a platform for exploring joint activities to support trade and investment flows between Africa and the Caribbean, and other collaborations.
FDH Bank Malawi bags US$15-million Afreximbank loan facility
Nassau, The Bahamas, 27 June 2024: – African Export-Import Bank (Afreximbank) has signed an agreement to provide FDH Bank Plc. Malawi with a US$15-million amortizing term loan facility to support the manufacturing sector, exporters and importers in Malawi. Under the terms of the agreement, signed during the just-concluded Afreximbank Annual Meetings (AAM2024) in Nassau, capital
Afreximbank signs two deals totaling US$80 million for Zimbabwe’s CBZ Bank
Nassau, The Bahamas, 25 June 2024: – In two deals signed at the recently concluded Afreximbank Annual Meetings, African Export-Import Bank (Afreximbank) is providing a US$60 million line of credit and a US$20 million Afreximbank Trade Facilitation Programme (AFTRAF) facility to CBZ Bank Limited, Zimbabwe’s largest bank. The line of credit facility will strengthen financial
Afreximbank takes Factoring and Receivables Finance discussion to its Annual Meetings in Nassau, The Bahamas
Nassau, The Bahamas – 21 June 2024 – The second day of African Export-Import Bank’s (Afreximbank) Annual Meetings (AAM 2024) that took place in The Bahamas from June 12 – 15 featured a highly informative Roundtable focusing on Factoring and Receivables Finance. This Roundtable brought together industry leaders, experts and stakeholders from Africa, the Caribbean
Afreximbank and BDEAC sign MoU strengthening their cooperation
Nassau, The Bahamas…21 June 2024: – African Export-Import Bank (Afreximbank) and Banque De Dévelopement des Etats de L’Afrique Centrale (BDEAC), the regional development finance institution established to promote the development of the Economic and Monetary Community of Central Africa (CEMAC), have entered into a memorandum of understanding (MoU) formalising their cooperation and collaboration in promoting