New York, 11 October 2017: – African countries should lay far less emphasis on grants and aid in order to pull themselves out of poverty, Dr. Benedict Oramah, President of the African Export-Import Bank (Afreximbank), said in New York yesterday. Delivering a lecture titled “A Path to Making Africa Great Again” at New York University

Cairo, 08 October 2017: – The African Export-Import Bank (Afreximbank) has announced the institution of an international lecture series in honour of Dr. Babacar Ndiaye, the former President of the African Development Bank, who died on 13 July 2017. The Babacar Ndiaye Lecture series is aimed at honouring Dr. Ndiaye for his many important contributions

Port Louis, Mauritius, 5 October 2017: – Following the successful close of the private placement with subscription far in excess of the $100 million minimum, Depositary Receipts (DRs) of the African Export-Import Bank (Afreximbank) started trading on the Stock Exchange of Mauritius (SEM) yesterday, with the Bank topping the list of issuers in terms of

Chad, 29 September 2017 – The African Export-Import Bank (Afreximbank) is to arrange at least $500 million in multi-sourced financing to support projects in agro-processing, energy, manufacturing, tourism and logistics sectors under Chad’s National Development Plan, following the country’s membership of the Bank, Afreximbank President Dr. Benedict Oramah has announced. Speaking in N’Djamena on Wednesday

Bujumbura, 29 September 2017: – The African Export-Import Bank (Afreximbank) will provide financial and advisory support to Burundi to facilitate the development of the energy, mining, tourism and agriculture sectors to contribute to the country’s economic recovery, Dr. Benedict Oramah, President of the Bank, has said in Bujumbura. Speaking on Monday after a courtesy call

Cairo, 28 September 2017: – The African Export-Import Bank (Afreximbank) is off to a successful listing of its depositary receipts (DRs) on the official market of the Stock Exchange of Mauritius (SEM) following the successful close of the private placement with subscription far in excess of the $100 million minimum target set to launch the

Harare, 24 September 2017: – The African Export-Import Bank (Afreximbank) yesterday entered into a memorandum of understanding (MOU) to provide a $600-million line of credit to the Reserve Bank of Zimbabwe (RBZ). Afreximbank President Dr. Benedict Oramah signed the MOU on behalf of Afreximbank during a ceremony in Harare while Dr. John Mangudya, Governor of

Harare, 23 September 2017: – The African Export-Import Bank (Afreximbank) has embarked on a concept to transform its buildings into iconic business complexes with integrated one-stop trade services shop, the President, Dr. Benedict Oramah, announced in Harare today. Dr. Oramah, said at a ceremony where he received the title for land donated by the Government

Cairo, 21 September 2017: – Membership of the African Export-Import Bank (Afreximbank) has moved closer to full coverage of the African continent with the decision by the island of Comoros to join the continental multilateral trade finance institution as a participating state. Comoros activated its membership as Afreximbank’s 46th participating state on 12 September when

Cairo, 20 September 2017: – The African Export-Import Bank (Afreximbank) has announced the appointment of Kwabena Ayirebi, as Director, Banking Operations. Mr. Ayirebi, a Ghanaian national, joins the Bank from the HSBC Holdings plc, where as an International Manager, he served variously as Senior Executive, Global Banking and Commercial Banking (Europe); Managing Director, Regional Head

Cairo, 20 September 2017: – The African Export-Import Bank (Afreximbank) has initiated its first–ever intervention in Tunisia with a 50-million Euro Global Trade Facility in favor of Loukil Group of Tunisia. The signing of the agreement for the global trade facility took place on 25 August while the issuance of the first guarantee under the

Nairobi, 7 September 2017: – The African Export-Import Bank (Afreximbank) treated leading Kenyan investors to a breakfast meeting yesterday to present its equity offering aimed at raising between $100 million and $300 million through the issuance of Depositary Receipts backed by its Class “D” shares. The listing of the Depositary Receipts on the Stock Exchange