Cairo, 12 Sept. 2018: – The $850 million in financing facilities being made available to the African Export-Import Bank (Afreximbank) by two Chinese financial institutions will allow the African trade finance bank to greatly expand its support to African businesses seeking to diversify and expand their trade activities, Bank President Prof. Benedict Oramah has said

  The Nordic Investment Bank (NIB) and the African Export-Import Bank (Afreximbank) have signed a 10-year loan programme of EUR 100 million to finance various infrastructure projects in African countries. The EUR 100 million made available to Afreximbank under the joint facility will be used for financing eligible investments, which mainly include projects within infrastructure, such as

Cairo, 07 Sept. 2018: – China Development Bank (CDB) yesterday in Changsha, China, signed an agreement providing a $500-million facility to the African Export-Import Bank (Afreximbank) to enable the African trade finance bank support trade enabling infrastructure projects across the continent. The facility will also be used to support Afreximbank’s trade finance intermediaries to provide

Cairo, 4 Sept. 2018: – The African Export-Import Bank (Afreximbank) has met in Cairo with leaders of the Egyptian Banking sector to present a new trade facilitation programme which it has developed to transform Africa’s trade The Afreximbabnk Trade Finance Facilitation Programme, which compromises a Trade Confirmation Programme and a Trade Confirmation Guarantee Programme, is

Cairo, 17 Aug. 2018: – The African Export-Import Bank (Afreximbank) has released its unaudited financial statements for the half-year period ended 30 June 2018, showing gross revenue of $343 million. The figure represents a $21 million increase over the gross revenue for the same period in 2017. The results, released by the Bank in Cairo

Cairo, 07 Aug. 2018: – The African countries should develop manufacturing capabilities in pharmaceuticals and reduce the level of import of equipment and medicines in order to conserve foreign exchange, the African Export-Import Bank (Afreximbank) has said. Speaking today in Cairo during the opening of a three-day consultation organised by the African Union Commission, in

Cairo, 06 Aug. 2018: – The African Export-Import Bank (Afreximbank) has disbursed the sum of $200 million to the Egyptian General Petroleum Corporation (EGPC) to support EGPC’s investment in the Middle East Oil Refinery Company (MIDOR). The Investment Financing Facility, disbursed during a signing and disbursement ceremony in Cairo on 1 August, is also aimed

Cairo, 31 July 2018: – The recent Annual Meetings of the African Export-Import Bank (Afreximbank) held in Abuja saw the emergence of a new African construction entity, Mota-Engil Nigeria, positioned to catalyze growth in the local market by focusing on execution of construction contracts and trade enabling infrastructure. The emergence of Mota-Engil Nigeria is the

Cairo, 31 July 2018: – The quick passage of a law on factoring in Nigeria is a crucial step in facilitating the ease of doing business and procuring the trust of investors in the country, guests heard recently during a public hearing held at the National Assembly in Abuja. Speaking during the Public Hearing on

Cairo, 25 July 2018: – The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has said that with the rapidly changing world of trade and rising echoes of unilateralism, Africa must trade smartly, starting by ensuring rapid growth in Intra-African trade. Speaking in Abuja during a gala dinner organised to mark the 2018

Cairo, 23 July 2018: – Trade between Africa and India rose more than 10-fold between 2001 and 2014, making India Africa’s fourth-largest national trading partner, according to a new report jointly produced by the African Export-Import Bank (Afreximbank) and Exim Bank of India (Exim India). The report, Deepening South-South Trade: An Analysis of Africa and

Cairo, 23 July 2018: – The Econet Group and Telecom Egypt have signed a memorandum of understanding (MoU) that will enable Econet’s Liquid Telecom unit to complete a terrestrial fibre optic network stretching all the way from Cape Town in South Africa to Cairo. The MoU provides for Telecom Egypt and Liquid Telecom intend to