Cairo, 29 April 2022 – The Managing Director of Afreximbank’s Intra-African Trade Initiative Division, Mrs. Kanayo Awani, has been named among the 100 outstanding women leaders in Nigeria, according to the list published in the 2022 edition of Nigeria Women Annual: 100 Leading Women. Mrs. Awani’s listing acknowledges her distinguished career and contributions to the
PAPSS announces collaboration with BUNA to build a payment gateway between Africa and the Arab region
Cairo, 26 April 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, announced today the signing of a Memorandum of Understanding (MoU) with BUNA, the cross-border and multi-currency payment system owned by the Arab Monetary Fund (AMF). Interoperability among
Afreximbank releases consolidated financial results for 2021, showing strong growth despite the challenging operating environment
Cairo, 19 April 2022: – African Export-Import Bank (“Afreximbank” or the “Bank”) has released the consolidated financial statements of the Bank and its wholly owned subsidiaries, altogether referred to as the Afreximbank Group (the “Group”), for the year ended 31 December 2021. The Group results demonstratedstrong and resilient growth, with interest income crossing the US$1
2022 Africa CEO Trade Survey – What does the AfCFTA mean for African business?
Cairo, 6 April 2022 – The Pan-African Private Sector Trade and Investment Committee (PAFTRAC) has announced today the launch of the 2nd edition of its Africa CEO Trade Survey. The focus this year will be on the opportunities being created by the African Continental Free Trade Area (AfCFTA) Agreement. The AfCFTA agreement creates the largest
Afreximbank launches 4 billion US dollar Ukraine Crisis Adjustment Trade Financing Programme for Africa (UKAFPA)
Cairo, 6 April 2022 – The Board of Directors of African Export-Import Bank (Afreximbank) on 31 March 2022 approved the launch of the Ukraine Crisis Adjustment Trade Financing Programme for Africa (UKAFPA), a programme of credit facilities that the Bank has developed to manage the impacts of the Ukraine crisis on African economies and businesses.
Afreximbank conducting business roadshow in Mozambique
Cairo, 01st April 2022 – The African Export-Import Bank (Afreximbank) conducted a business roadshow in Mozambique from the 28th to the 31st of March, which targeted local businesses and showcased the Bank’s programmes, facilities and initiatives to an audience comprised of local business stakeholders, parastatals, and financial institutions, among others. Afreximbank showcased various products including
Côte d’Ivoire signs hosting agreement for intra-African trade fair (IATF2023)
Abidjan, 28 March 2022 – The Intra-African Trade Fair (IATF2023) will take place from November 21-27, 2023, in Abidjan, Côte d’Ivoire. The Ivorian Government has signed the hosting agreement that officially confirms Côte d’Ivoire as the host country for the trade fair organized by the African Export-Import Bank (Afreximbank) in collaboration with the African Union
AVAT establishes a No-Fault Compensation Scheme to support widespread COVID-19 vaccine delivery
23 March 2022 – The African Vaccine Acquisition Trust (AVAT) yesterday in Abidjan, Côte d’Ivoire, officially launched a no-fault compensation programme for COVID-19 vaccines in participating countries in Africa and the Caribbean. The AVAT No-Fault Compensation Scheme (AVAT NFCS) provides eligible individuals with prompt, fair and transparent compensation for unlikely adverse events associated with COVID-19
Arab-Africa Trade Bridges (AATB) Board of Governors Meeting
Cairo, 22 March 2022 – The 3rd Annual Board of Governors (BoG) Meeting of the Arab-Africa Trade Bridges (AATB) Program recently held in Cairo, Egypt, chaired by Dr. Hala ElSaid, Minister of Planning and Economic Development, convened all partners, strategic stakeholders, and public and private sector players in the Program to reinforce the role of
Afreximbank agrees to a US$207 facility with NEXI in support of efforts to combat Covid-19
Cairo, 17 March 2022 – African Export-Import Bank (Afreximbank) today in Cairo announced the finalization of a US$207 million facility granted by Nippon Export and Investment Insurance (NEXI), the state-owned Japanese organization focused on trade and investment. The facility will support the Bank’s broader response measures to the Covid-19 pandemic, especially its financing efforts for
Afreximbank congratulates the Republic of Congo as it adopts Factoring Law
Cairo, 10 March 2022: – African Export-Import Bank (Afreximbank) announced that the Republic of Congo has enacted a factoring law to support business activities. The Bank congratulated the Republic of Congo saying that the move constitutes a critical milestone in its efforts to increase Africa’s share of global factoring volumes from its current level of
Afreximbank in collaboration with the Djibouti Chamber of Commerce conducts a roadshow for the Business Community
Cairo, 4 March 2022 – African Export-Import Bank (Afreximbank) and the Djibouti Chamber of Commerce (CCD) conducted a three-day business roadshow in the country, to promote the Bank’s programmes, facilities, and initiatives to stakeholders, including Government Agencies, Parastatals, Financial Institutions and the businesses community among others. The roadshow consisted of a one-day seminar