President Ramaphosa, at Afreximbank Annual Meetings, says AfCFTA will Drive Intra-African trade and Investments

Abuja, 11 July 2018: South African President Cyril Ramaphosa today in Abuja addressed attendees at the Annual Meetings and 25th Anniversary Celebrations of the African Export-Import Bank (Afreximbank), telling them that the African Continental Free Trade Area (AfCFTA) would provide the integrated and diversified markets that will unlock Africa’s full productive capacity. In a keynote

Afreximbank, ECIC Announce $1 billion programme to promote South Africa-Africa Trade

Johannesburg, South Africa, 26 June 2018: – The African Export-Import Bank (Afreximbank) and the Export Credit Insurance Corporation of South Africa SOC Limited (ECIC) today in Johannesburg, South Africa, are launched the South African-Africa Trade and Investment Promotion Programme (SATIPP), a $1 billion financing programme to promote and expand trade and investments between South Africa

Afreximbank Announces $2 Billion Financing Support to Angola

Cairo, 29 May 2018: – The African Export-Import Bank (Afreximbank) is arranging up to $2 billion in financing support to Angola, Bank President Dr. Benedict Oramah has said. Dr. Oramah, who was speaking in Luanda on 24 May during an audience with President João Manuel Gonçalves Lourenço of Angola, said that the amount included various

Afreximbank Partners FCSSC, MIAI for $1 billion fund to Support Industrialization, Boost Africa-South Cooperation

Cairo, 29 May 2018: – The African Export-Import Bank (Afreximbank), the Finance Center for South-South Cooperation (FCSSC) and the Made-in-Africa Initiative (MIAI) have announced a joint effort to mobilise $1 billion in equity fund to channel foreign direct investment from developing (South) economies towards Africa’s industrialization and integration into global value chains. The framework agreement

Afreximbank Chief Says Intra-Regional Trade Can Only Become Catalyst for Economic Growth with Improved Access To Market Information

Cairo, 25 May 2018: – Intra-regional trade can only be expected to expand economic growth and development if there is improved access to market information, Dr. Benedict Oramah, President of the African Export-Import Bank (Afreximbank), has yesterday. Dr. Oramah, who was speaking in Busan, South Korea, on Monday during a breakfast event organized by the

Telecom Egypt Secures $200 Million Afreximbank Financing Facility

Cairo, 22 May 2018: – The African Export-Import Bank (Afreximbank) will commit up to $200 million to Telecom Egypt (TE) to enable the telecommunication company finance working capital and investments in its infrastructure under a deal coordinated by the Abu Dhabi Islamic Bank-Egypt. The agreement for the short-term dual tranche facility, signed in Cairo on

Afreximbank Urges Urgent Maritime and Logistic Infrastructure Upgrade to Grow African Trade

Cairo, 04 May 2018: – Africa must urgently upgrade its maritime and logistic infrastructure in order to successfully promote the continent’s trade, especially intra-African trade, the African Export-Import Bank (Afreximbank), has said. In an address at the Africa Ship-owners Summit in Seychelles on 23 April, Kanayo Awani, Managing Director of Afreximbank’s Intra-African Trade Initiative, speaking

Industrialisation and African Diaspora Investment are Key to Boosting Africa’s Capital Stock, Says Afreximbank President

Cambridge, United States, 30 April 2018: Industrialization and African Diaspora investment are key to raising Africa’s capital stock which will trigger faster economic growth and development in the continent, Dr. Benedict Oramah, President of the African Export-Import Bank (Afreximbank), has said. Delivering an address at the “Africa Leaders Speak” Forum at Harvard University’s Kennedy School