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

Cairo, 18 June 2022 – Africa’s trade grew significantly as the world gradually recovered from the COVID-19 pandemic, Professor Benedict Oramah, President and Chairman of the Board of Directors of African Export-Import Bank (Afreximbank), said in Cairo. Launching the African Trade Report along with H.E. Mr Lai Mohammed, Minister of Information, Culture and Tourism of

Cairo, 17 June 2022 – The next edition of the Creative Africa Nexus (CANEX) Weekend will be held in Abidjan, Cote d’Ivoire taking place 25-27th November 2022, said Professor Benedict Oramah, President and Chairman of the Board of Directors of African Export-Import Bank (Afreximbank), who described the creative industry as a bankable market. Addressing participants

Cairo, 17 June 2022 – African Export-Import Bank (Afreximbank) today in Cairo launched a market study on the franchising sector in Africa, showing a relatively weak sector with huge opportunities on the continent. The study, conducted under the Create and Connect pillars of Afreximbank’s Intra-African Trade Strategy, shows that the franchising sector is not well-developed