Durban, 19 November 2021 – The IATF2021 Conference segment of the second Intra-African Trade Fair (IATF2021), ended on 18 November 2021 in Durban, South Africa, with African Export-Import Bank hailing the contribution of the trade fair to addressing the challenge of African businesses transacting business with counterparts within the continent. In a closing statement, Amr
Afreximbank expands its support for African trade with new multi-million-dollar commitments made at IATF2021
Durban, 19 November 2021 – African Export-Import Bank (Afreximbank) on 18 November 2021 in Durban, South Africa, further consolidated its position as a leader in funding the development of trade infrastructure across Africa with the signing of four major business transactions on Day Four of the Intra-African Trade Fair 2021 (IATF2021). In a transaction with
AFREXIMBANK COMMITS US$250 MILLION SEED CAPITAL FOR SUB SOVEREIGN GOVERNMENTS
Durban, 19 November 2021 – African Export Import Bank (Afreximbank) has committed US$250 million as seed capital towards the establishment of an African Sub Sovereign Governments Network. Prof. Benedict Oramah, President and Chairman of the Board of Directors of Afreximbank made the announcement yesterday during an inaugural conference of the Sub Sovereign Governments at the
Zimbabwean Companies Sign Deals worth over $188 Million With Afreximbank at IATF2021
Durban, 19 November 2021 – African Export-Import Bank (Afreximbank) has signed financing agreements with four Zimbabwean entities for a total of US$188,600,000. The deals, concluded during the second Intra-African Trade Fair (IATF2021) currently taking place in Durban, were agreed on Tuesday and Wednesday. The trade fair opened on 15 November in Durban and runs until
Silverbird Group and AAA Entertainment Sign $50 Million Deal at IATF
Silverbird Group and AAA Entertainment are entering into a partnership to develop and produce a slate of cinematic African feature films on the continent. AAA Entertainment will bring to the partnership an experienced film development, financing and production team, facilities and partnership network, while Silverbird Group brings its cinema exhibition and distribution infrastructure and experience
President Obasanjo Advocates for Made-In-Africa Brand to Instill Pride in African products
Durban, 18 November 2021 – The third day of the Intra-African Trade Fair 2021 (IATF2021) ended with a clarion call by former Nigerian President Olusegun Obasanjo for the creation of an emblematic Made-in-Africa brand that will promote intra-African trade and boost the international export of African products. Speaking during a conversation session that marked the
Afreximbank signs US$1.04 Billion deal with NNPC at IATF2021
Durban, 17 November 2021 – African Export-Import Bank (Afreximbank) has signed a $US1.04 billion facility with the Nigerian National Petroleum Corporation (NNPC) to finance the exploration of petroleum. The agreement was concluded yesterday in Durban during the second intra-Africa trade fair, which opened on 15 November and runs until 21 November. The transaction comprises
IT’S COTE d’IVOIRE FOR IATF2023
Durban, 16 November 2021 – Cote d’Ivoire has been announced as the host for the third edition of the Intra-African Trade Fair in 2023. Former President Olusegun Obasanjo, Chairman of the IATF Advisory Council while announcing the success of the West African Country’s bid, thanked His Excellency President Alassane Ouattara of Cote d’Ivoire for putting
African Heads of State Converge in Durban for Intra-African Trade Fair 2021 Opening Ceremony
Durban, 16 November 2021: The Intra-African Trade Fair (IATF2021) kicked off with spectacular fanfare on 15th November. Under the theme “Building Bridges for a successful AfCFTA”, the fair attracted thousands of visitors at the Durban International Convention Centre on its Opening Day. In a formidable demonstration of pan-African leadership support for the Intra- African
Afreximbank successfully completes its Joint Lead Manager and Bookrunner role for Fidelity Bank Plc’s USD 400 million 5-Year Senior Eurobond
Cairo, 15 November 2021: African Export-Import Bank (Afreximbank) through its Advisory & Capital Markets (ACMA) investment banking arm acted as a Joint Lead Manager (JLM) and Bookrunner to place and close Fidelity Bank Plc’s USD 400 million 5-Year 144A/Reg S Senior Unsecured Eurobond on 21st October 2021. The transaction settled on 28th October 2021 and
Intra-African Trade Fair 2021 poised to boost commerce across Africa
Durban, 10 November 2021: The Intra-African Trade Fair (IATF2021) will see Durban host key figures from the world of trade, including entrepreneurs, financiers, governments and regulators, on one platform to deliberate on trade acceleration and investment throughout the African continent. Organised by the African Export-Import Bank (Afreximbank) in collaboration with the African Union (AU) and
Afreximbank and the International Islamic Trade Finance Corporation (ITFC) ratify US$250 million finance facility to Support Africa
Jeddah, 10 November 2021 – African Export-Import Bank (Afreximbank) and the International Islamic Trade Finance Corporation (ITFC), signed a US$250 million facility to provide funds for the Bank to advance procurement of COVID-19 vaccines and drive a trade-based economic recovery. The agreement was signed between Prof. Benedict Oramah, President of Afreximbank and Eng. Hani Salem