Cairo, 19th July 2022: The Pan-African Payment and Settlement System (PAPSS) operated by African Export-Import Bank (Afreximbank) in collaboration with the African Continental Free Trade Area (AfCFTA) Secretariat and the African Union (AU), announced today that it has achieved the International Organisation for Standardisation (ISO) 27001 certification for its global operations. Following an external certification

LUSAKA, 17 July 2022 – At the margins of the 4th Mid-year Coordination Meeting of the African Union taking place in Lusaka, Zambia, the African Continental Free Trade Area (AfCFTA) Secretariat, Afreximbank and World Food Programme (WFP) have signed a three-year memorandum of understanding (MoU) to disburse US$2 billion in farming loans and credit lines for agro-processors and commodity traders

Cairo, 15 July 2022 – African Export-Import Bank (Afreximbank) is delighted to announce the appointment of its Executive Vice President, Mr. Amr Kamel, as Chairman of the Board of Directors of the Arab International Bank. Mr. Kamel’s recent appointment as Chairman builds on a rich and distinguished career in banking, stretching back to 1985. Prior

Cairo, 15 July 2022 – Global Credit Rating (GCR) has announced the upgrade of African Export-Import Bank (Afreximbank) international scale long-term issuer rating from A- to A, with stable outlook. The rating agency has also upgraded the international scale long-term issuer rating on the Bank’s Global Medium-Term Note (GMTN) Programme to A (Stable Outlook) and

Cairo, 15 July 2022 – Fitch Ratings has upgraded African Export-Import Bank (Afreximbank) Long-Term Issuer Default Rating (IDR) to ‘BBB’ from ‘BBB-‘, noting that the outlook is “Stable”. Fitch Ratings highlighted that Afreximbank has strengthened its institutional role and raised its profile as the main multilateral development bank focused on supporting the public and private

Cairo, 14 July 2022 – African Export-Import Bank (Afreximbank) today in Cairo announced the early retirement of Mr. Amr Kamel, Executive Vice President, Business Development and Corporate Banking, effective 31 July 2022. Mr. Amr Kamel has decided to take early retirement after 27 years of dedicated service to Afreximbank. He is one of the pioneers

Cairo, 07 July 2022: – African Export-Import Bank (Afreximbank) has entered into a Memorandum of Understanding (MoU) with FCI (Global Association for Factoring and Receivables Finance) and the American University in Cairo (AUC) to deliver the Certificate of Trade Finance in Africa (COTFIA) programme. The MoU was signed on 20 June 2022 in Washington DC,

Cairo, 07 July 2022 – African Export-Import Bank (Afreximbank) is pleased to announce its execution of a project preparation facility financing head of terms with UTM Offshore Limited (UTM), under which the Bank will part-finance activities designed to progress a Floating Liquefied Natural Gas (FNLG) project in Nigeria to bankability. This deal marks Afreximbank’s ongoing

Cairo, 1 July 2022 – At their 134th Meeting held on June 13, 2022, the Board of Directors of African Export-Import Bank (Afreximbank) has renewed their approval of a US$1 billion facility to operationalise the African Continental Free Trade Agreement (AfCFTA) Adjustment Funds. It also approved a Grant Funding in an amount of US$10 million

Cairo, 30 June 2022 – African Export-Import Bank (Afreximbank) has announced that The People’s Democratic Republic of Algeria (Algeria) has joined the Bank as a Member State. That brings the membership of Afreximbank to 52 out of the 55 African Union member States. Algeria’s accession to the agreement establishing Afreximbank was formalised on 8 June

Cairo, 23 June 2022 – African Export-Import Bank (Afreximbank) has announced the decision of the National Bank of Egypt (NBE) to participate in its General Capital Increase, making a total investment of US$326.6 million, of which US$130.6 million have been paid-in. Through this investment, NBE maintains its position as the largest non-sovereign shareholder in the

Cairo, 20 June 2022: – African Export-Import Bank (Afreximbank) today in Cairo announced the appointment of Kanayo Awani to the position of Executive Vice President of the Intra-African Trade Bank (INAT) with effect from 1 July 2022. The appointment follows a decision by Afreximbank’s Board of Directors on 13 June 2022 to approve a recommendation