Cairo, 01 June 2018: -The African Export-Import Bank (Afreximbank) yesterday in Cairo hosted a conference to announce arrangements for the inaugural Intra-African Trade Fair (IATF2018) to be held in the city from 11 to 17 December. Hosted by Egypt, through the Export Development Authority (EDA), and organised in collaboration with the African Union and several
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
Success of AfCFTA Depends on Creation of Traded Goods by Private Sector, says Afreximbank President
Cairo, 29 April 2018: – The success of the African Continental Free Trade Area (AfCFTA) will rest significantly on the ability of the continent’s private sector to generate or create the goods that will enter the trade, Dr. Benedict Oramah, President of the African Export-Import Bank (Afreximbank), said today. Addressing Egyptian business leaders at a
President Oramah Receives NYU’s Africa House Leadership Award
New York, 20 April 2018: The President of the African Export-Import Bank (Afreximbank), Dr. Benedict Oramah, yesterday in New York received the Leadership Award of New York University’s (NYU) Africa House as the institute celebrated its biennial gala. Presenting the award, Prof. Yaw Nyarko, Director of the Africa House, said that Dr. Oramah was chosen
Registration Opens for Afreximbank’s Annual Meetings
Cairo, 15 April 2018: – Registration for the 2018 Annual Meetings of the African Export-Import Bank (Afreximbank), which will also feature the Bank’s 25th anniversary celebration, has opened, according to information released by the Bank today. Afreximbank announced in Cairo that intending participants for the meetings, dubbed AAM2018, could register by visiting the Annual Meetings
Afreximbank Signs $100 Million Partnership Agreement with Indonesia Eximbank.
Bali, Indonesia, 11 April 2018: – The African Export-Import Bank (Afreximbank) and the Indonesia Eximbank yesterday in Bali, Indonesia, entered into an agreement to commit up to $100 million to support businesses and trade activities between Indonesia and African countries. The agreement, signed on the sidelines of the Indonesia-Africa Forum, will support African imports from
Afreximbank, Russian Export Center Roadshows Seek to Boost Africa’s Aviation Infrastructure.
Will Showcase Next Generation Aircraft and Target Reduction of Average Fleet Age. Cairo, 9 April 2018: – The African Import Export Bank (Afreximbank) and the Russian Export Center (REC) today Nairobi began a series of roadshows under a new partnership that will raise the profile of Russian aircraft and helicopters in Africa. The roadshows, which