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
Afreximbank announces next CANEX Weekend in Abidjan in November
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
Afreximbank Report Shows Weak Africa Franchise Sector but huge untapped opportunities
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
H.E. President Abdel Fattah El-Sisi Officially Opens 29th Afreximbank Annual Meetings 2022 in Cairo, Egypt
Cairo – 16 June 2022: His Excellency President of the Arab Republic of Egypt, Abdel Fattah El-Sisi, this morning officially opened the 29th Afreximbank Annual Meetings 2022 (AAM2022) in Cairo, Egypt. Co-hosted by African Export-Import Bank (Afreximbank) and the Central Bank of Egypt (CBE), the meetings have assembled more than 1,500 delegates, leaders and experts
Afreximbank signs Cooperation Agreement with Arise Integrated Industrial Platforms (Arise IIP)
Cairo, 15 June 2022 – African Export-Import Bank (Afreximbank) today in Cairo signed a cooperation agreement with Arise Integrate Industrial Platform (Arise IIP), establishing a partnership through which the Bank will offer financial and non-financial interventions to tenants in Arise Industrial Parks (IPs). The signing of the deal took place on 15 June 2022 on
Afreximbank signs a US$35 million facility with AEE Power
Cairo, 15 June 2022- African Export-Import Bank (Afreximbank) has signed a US$35 million facility with AEE Power to support the energy company to enhance its operations across Africa. The signing of the deal took place on 15 June 2022 on the sidelines of the 29thAfreximbank Annual Meetings (AAM2022) taking place in Cairo, with Rene Awambeng, Global Head, Client Relations, Afreximbank, and Jose Ángel
Afreximbank Annual Meetings 2022 open in Cairo
Cairo, 15 June 2022 – “Africa’s problems are for Africans to solve,” Professor Benedict Oramah, President and Chairman of the Board of Directors of African Export-Import Bank (Afreximbank), told participants at the start of the 29th Afreximbank Annual Meetings (AAM2022) in Cairo. In an opening statement at the St. Regis Alamsa Convention Centre in Egypt’s
Afreximbank’s Advisory & Capital Markets-led Bank of Industry’s €750 million Eurobond wins Debt Deal of the Year award by the African Banker
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