Nairobi, Kenya, 29 March 2023 – African Export-Import Bank (Afreximbank) was pleased to host a high-level workshop to validate the National Export and Investment Strategy (NEIS) of the Government of South Sudan. Part of the Bank’s wider Export Development Advisory offering, the workshop – which occurred between the 6th and 8th March in Nairobi –
Afreximbank partners with Nigeria to develop inland waterways along the Lower River Niger to facilitate intra-African trade
Abuja, Nigeria, 27 March 2023 – African Export-Import Bank (Afreximbank) in its role as a systemically important and market-failure bank for Africa provided a grant of US$350,000 and leveraged on its partnership with the Nigerian Export-Import Bank (NEXIM), the Federal Ministry of Transportation and the Nigerian Navy to facilitate the movement of goods using navigable waterways
Afreximbank’s insurance subsidiary, AFREXInsure, secures its first transaction
Cairo, 27 March 2023 – Afreximbank Insurance Management Company (AfrexInsure) – a wholly owned subsidiary of African Export-Import Bank (Afreximbank) – has completed its first insurance policy, facilitating the issuance of all-risk construction insurance cover to Oman Shapoorji Company (a Shapoorji Pallonji group company), in relation to the construction of the Afreximbank Africa Trade Center in Harare,
Afreximbank enhances financing facility for Fidelity Bank plc, from US$125 million to US$180 million
Cairo, 22 March 2023 – African Export-Import Bank (Afreximbank) has announced the enhancement of the financing facility provided to Fidelity Bank plc, Nigeria under the Afreximbank Trade Facilitation Programme (AFTRAF).The decision to increase Afreximbank’s support is consistent with the economic and commercial success of the financing facility, the first US$125 million of which has been
Afreximbank holds roadshow in Sao Tome & Principe
Sao Tome & Principe, 21 March 2023 – African Export-Import Bank (Afreximbank) has completed a two-day roadshow in Sao Tome and Principe in collaboration with the Government and BGFI Bank. Following the ratification of the Afreximbank establishment agreement by the Government of Sao Tome and Principe, the Bank is seeking to expand its support to
AFRICA CDC hosts lead partners of Partnerships for African Vaccine Manufacturing (PAVM) for review of vaccine manufacturing ecosystem in Africa
Kigali, 15 March 2023 – The Africa Centres for Disease Control and Prevention (Africa CDC) hosted its lead partners at a meeting on the sidelines of the Africa Health Agenda International Conference 2023 held in Kigali, Rwanda. The meeting, which took place from 9-10 March, was dedicated to identifying a clear set of annual objectives
AfCFTA Secretariat and Afreximbank Sign AfCFTA Adjustment Fund Host Country Agreement with the Republic of Rwanda
Kigali, Rwanda, 13 March 2023 – The AfCFTA Secretariat and African Export-Import Bank (Afreximbank), on 10 March 2023 in Kigali, signed the Host Country Agreement for the AfCFTA Adjustment Fund with the Republic of Rwanda. The Agreement, signed by H.E. Wamkele Mene, Secretary-General of the AfCFTA Secretariat; Mrs Kanayo Awani, Executive Vice President, Intra-African Trade
Zimbabwe Accedes to Afreximbank’s Fund for Export Development in Africa (FEDA) Establishment Agreement
Kigali, Rwanda, 7 March 2023 – The Republic of Zimbabwe became the sixth signatory to the Establishment Agreement of the Fund for Export-Development in Africa (FEDA), the development impact-oriented subsidiary of African Export-Import Bank (Afreximbank). The Agreement was recently signed by His Excellency Dr. Emmerson Dambudzo Mnangagwa, President of the Republic of Zimbabwe. This accession
Registration Opens For 2023 Certificate of Trade Finance in Africa (COTFIA)
Cairo, Egypt, 07 March 2023 – The Afreximbank Academy (AFRACAD) today in Cairo announced the opening of registration for the 2023 cohort of the Certificate of Trade Finance in Africa (COTFIA). This programme, developed in partnership with Factors Chain International (FCI) and the American University in Cairo (AUC), is open to all banking professionals and interested
Abidjan gears up for IATF2023 and galvanises the Ivorian business community
Abidjan, 27 February 2023 – In the run-up to the 3rd edition of the Intra-African Trade Fair (IATF2023), that will take place in Abidjan from 21st to 27th November 2023 in Abidjan, the organizers of the trade fair on 23rd February 2023 hosted the first of a series of roadshows to promote the trade fair
Republic of Mali follows Togo, Niger and Burkina Faso in adopting factoring law, developed in collaboration with Afreximbank
Bamako, Mali, 27 February 2023 – African Export-Import Bank (Afreximbank) celebrates the adoption and enactment of a factoring law in the Republic of Mali. Afreximbank’s Factoring Model Law was used as a guide for the development of La Banque des États de l’Afrique de l’Ouest (BCEAO’s) factoring law, which the Republic of Mali has adopted.
Afreximbank and Ndar Energies S.A. to develop 250 MW gas power plant in Saint Louis, Senegal
Dakar, Senegal, 22 February 2023 – African Export-Import Bank (Afreximbank) and Senegalese power company Ndar Energies S.A. have signed a Framework Agreement to finance the development of a Euro 430-million 250-Mega Watt combined cycle gas turbine power plant and gas pipeline in Saint Louis, Senegal. Under the terms of the Framework Agreement, signed by Mr.