Cairo, 10 June 2022 – African Export-Import Bank (Afreximbank) is pleased to announce that Nigeria’s Bank Of Industry (BoI) €750 million Senior Participation Note issuance, for which Afreximbank’s Advisory and Capital Markets (ACMA) division acted as Global Coordinator and Active Bookrunner, has received the “Deal of the Year – Debt” award by the African Banker
Afreximbank Backs Titan Trust Bank with a US$300 Million Intra-African Investment Finance Facility
Cairo – 6 June 2022 – African Export Import Bank (Afreximbank) has announced the disbursement of a US$300 million Intra-African Investment Financing Facility to Titan Trust Bank (TTB) to support its acquisition of a majority stake in Union Bank Plc, Nigeria (UBN). The deal will enhance the competitive dynamics of the Nigerian banking sector, while maintaining
Afreximbank and ITFC Sign US$250 Million Murabaha Financing Agreement to Support African Response to Economic Challenges Posed by the Ongoing Geopolitical Turmoil
Cairo, 03 June 2022 – African Export-Import Bank (Afreximbank) today announced agreed mandate to the International Islamic Trade Finance Corporation (ITFC) to raise a US$250 million Murabaha Financing facility, which will support Afreximbank’s Ukraine Crisis Adjustment Trade Financing Programme for Africa (UKAFPA). The signing by Eng. Hani Salem Sonbol, CEO ITFC and Prof. Benedict Oramah,
Afreximbank President named African Banker of the Year
Accra, 27May 2022 – Professor Benedict Oramah, President of African Export-Import Bank (Afreximbank), has been named African Banker of the Year at the African Banker Awards 2022 ceremony. This is the second time he has received the award, which was previously presented to him in 2017. The award recognises Professor Oramah’s contributions in championing an
Afreximbank strengthens support for Coalition for Dialogue on Africa to consolidate collaboration on continental vaccine manufacturing, AfCFTA and other key programmes
CAIRO / ADDIS ABABA – 26 May 2022. African Export-Import Bank (Afreximbank) has renewed its technical and financial support to the Coalition for Dialogue on Africa (CoDA). After two years of successful collaboration, the two institutions have embarked on a new three-year partnership. Afreximbank is one of the four ex-officio board members and partner of
Afreximbank signs Memorandum of Understanding with the African Petroleum Producers Organization to establish an African Energy Transition Bank
Cairo, 20 May 2022 – African Export-Import Bank (Afreximbank) has signed an Agreement with the African Petroleum Producers Organization (APPO) according to which both parties will collaborate on the establishment of an African Energy Transition Bank in support of an Africa-led energy transition strategy. The new institution will accelerate Africa’s economic development, whilst ensuring this
Afreximbank and FCI tout the merits of factoring for SME financing in Central Africa
Brazzaville, 20 May 2022 – African Export-Import Bank (Afreximbank) and FCI concluded a two-day conference last week in Brazzaville, Republic of Congo, to promote factoring and receivables finance in the Central Africa region. The event which held during 12-13 May, attracted about 250 participants from 15 countries in finance, legal and business sectors, as well
JOINT COMMUNIQUE BETWEEN AFREXIMBANK AND APPO ON THE NEED FOR THE ESTABLISHMENT OF AN AFRICAN ENERGY BANK
Having regard to the long, mutually beneficial relationship and cooperation between the African Petroleum Producers’ Organization (APPO) and African Export-Import Bank (AFREXIMBANK), Considering the current discussions by APPO and AFREXIMBANK to jointly establish an African Energy Transition Bank, Concerned about the challenge posed to the African oil and gas industry and Africa’s economic development, by
Afreximbank appoints new Chief Executive Officer and Chief Investment Officer for FEDA
Cairo, 13 May 2022: – African Export-Import Bank (Afreximbank) has announced the appointment of Ms. Marlene Ngoyi as the Chief Executive Officer of the Fund for Export-Development in Africa (FEDA), the Bank’s development-oriented subsidiary. Mr. Emmanuel Assiak has been appointed Chief Investment Officer. Ms. Ngoyi, who hails from the Democratic Republic of Congo (DRC), has
Congo’s Minister of Finance will speak at upcoming factoring conference organised by FCI and Afreximbank
Brazzaville, Republic of Congo, Tuesday, 10 May 2022: FCI and African Export-Import Bank (Afreximbank) are proud to announce the confirmation of the presence of the Minister of Finance and Budget and Public Portfolio of the Republic of Congo at the upcoming Central Africa Regional Promotion Conference on Factoring. Mr Rigobert Roger ANDELY will deliver the
Registration opens for 2022 Afreximbank Annual Meetings
Cairo, 10 May 2022: Registration is open for the 2022 Annual Meetings of the African Export-Import Bank (Afreximbank), which will be held in the New Administrative Capital of the Arab Republic of Egypt from 15to 18 June 2022. The 29th Afreximbank Annual Meetings with the theme “Realising the AfCFTA Potential in the post COVID-19 Era—Leveraging
Afreximbank Declared “Best Multilateral Bank” at Trade Finance Global International Trade Awards 2022; and Receives Four EMEA Finance Achievement Awards
Cairo, 6 May 2022 – African Export-Import Bank (Afreximbank) is delighted to announce its receipt of the award for Best Multilateral Development Bank at the Trade Finance Global (TFG) 2022 International Trade Awards. The award was presented to the Bank at the Global Annual Meeting of BAFT held in Washington DC on 4th May 2022.