Cairo/Abuja, 8 November 2021 – African Export-Import Bank (Afreximbank) has awarded US$400,000 in grant funding to the National Institute for Pharmaceutical Research and Development (NIPRD) of Nigeria for the establishment of an Active Pharmaceutical Ingredient (API) plant. The grant represents a significant proportion of the estimated funds required to implement the project. Pharmaceutical Manufacturing

Nigeria has the most to gain from the growth in intra-African trade, heard the country’s business community on 18 October at a Lagos roadshow for the Intra-African Trade Fair (IATF2021). The event offered Nigerian audiences a taste of what is to come at the IATF2021, which will take place in Durban, KwaZulu-Natal, South Africa, from

Kinshasa/Addis Ababa/Yaounde/Cairo/Khartoum/Lagos/Abidjan (01 November 2021) – President Félix-Antoine Tshisekedi Tshilombo of the Democratic Republic of the Congo (DRC) will, from 24 to 25 November 2021, host and officiate a multi-stakeholder Business Forum to foster the development of a robust battery, electric vehicle (BEV) and renewable energy value chain and market in Africa. Developing such a

  Cairo, 29 October 2021: – The 12th meeting of the IATF2021 Advisory Council, held virtually on 22 October 2021 and chaired by His Excellency Chief Olusegun Obasanjo, Chairman of the IATF2021 Advisory Council and former President of the Federal Republic of Nigeria, reviewed progress on final preparations for the second Intra-African Trade Fair (IATF2021),

Cairo, 28 October 2021 – African Export-Import Bank has embarked on a US$6.5 billion General Capital Increase (GCI) to expand its capacity to deliver on its core mandate and diversify its range of services. The GCI will enhance the Bank’s capacity to support the procurement of COVID-19 vaccines for the continent, bolster post-pandemic recovery efforts

  Cairo, 27 October 2021: – African Export-Import Bank (Afreximbank) is pleased to announce its partnership and support to the African Technology Policy Studies Network (ATPS), which will address gaps in operational costs as well as funding for ongoing activities over a three-year period concluding in 2023. Afreximbank’s US$500,000 financial support will facilitate the implementation

  Cairo, 21 October 2021: – H.E. Professor Ameenah Gurib-Fakim, the former President of Mauritius and Laureate of the 2007 L’Oréal-UNESCO Prize for Women in Science, delivered a trenchant address at the African Export-Import Bank’s (Afreximbank) fifth annual Babacar Ndiaye Lecture on “the importance of science, technology and innovation in the transformation of African economies”.

Cairo, 11 October 2021: – The President and Chairman of the Board of African Export-Import Bank (Afreximbank), Professor Benedict Oramah, has been re-elected to the Executive Committee (EXCOM) of FCI, the global representative body for the factoring, invoice financing and asset-based lending industry. Professor Oramah was unanimously elected at FCI’s 53rd Annual Meeting on 24

Luanda, 11 October 2021: – The promotional tour of the second Intra-African Trade Fair (IATF2021) stopped on 7 October in Luanda, Angola, where the organisers met with the business community and government representatives to raise awareness and encourage participation to the trade fair. Organised by the African Export-Import Bank (Afreximbank) in collaboration with the African

Bridgetown, 9 October 2021: – African Export-Import Bank (Afreximbank) and the Government of Barbados have signed a Memorandum of Understanding (MoU) to expand trade and investment links between Africa and the Caribbean island state. Under the MoU, the two parties will explore opportunities for joint investment and trade finance aimed at expanding economic ties between

Cairo, 06 October 2021: – African Export-Import Bank (Afreximbank) today announced that the Fund for Export Development in Africa (FEDA), its development impact-oriented subsidiary, has entered into a Joint Venture arrangement with Gateway Partners (Gateway) to co-establish the Africa Credit Opportunities Fund (ACOF). This partnership, a first of its kind between an African Development Finance

Cairo, 6 October 2021: – The organisers of the Intra-African Trade Fair (IATF2021) met with the business community in Cairo, Egypt, on 5 October to raise awareness and encourage attendance to the second Intra-African Trade Fair (IATF2021). Organised by the African Export-Import Bank (Afreximbank) in collaboration with the African Union (AU) and the African Continental