Cairo, 19 June 2017 – Shareholders of FCI, the global representative body for the factoring, invoice financing and asset based lending industry, have reelected Dr. Benedict Oramah, President of the African Export-Import Bank (Afreximbank), into the organization’s Board, allowing him to retain the only Board seat reserved for representatives of FCI affiliate members. The re-election,

Cairo, 12 June 2017 – The African Export-Import Bank (Afreximbank) will explore ways to support the development of the cotton value chain across the West Africa region to connect cotton processing activities and proposed fabric production in Burkina with garment manufacturing plants the Bank is assisting to set up in the West Africa region, Bank

Minsk, 7 June 2017: – Development Bank of Belarus today in Minsk signed an agreement to provide a $150 million credit facility to the African Export-Import Bank (Afreximbank) for the financing of the acquisition of goods from Belarus by African entities. The agreement, signed during the closing ceremony of the Belarus-Africa Forum, provides for the

Minsk, 6 June 2017: – With its total trade topping $1 trillion in 2016, Africa is increasingly moving to the centre stage of global trade, Dr. Benedict Oramah, President of the African Export-Import Bank (Afreximbank), said today in Minsk. Addressing participants at the opening of the two-day Belarus-Africa Forum, Dr. Oramah said that Africa was

Cairo, 2 June 2017: – The African Export-Import Bank (Afreximbank) has successfully closed a record $632.9 million and Euro 499.6 million dual-tenor dual-currency syndicated term loan facility. Afreximbank announced in Cairo today that the general syndication stage of the $632,900,000 and Euro 499,552,000 facility, which the Bank raised in the Eurocurrency Loan Market, was originally

Ahmedabad (India), 23 May 2017: – Dr. Benedict Oramah, President of the African Export-Import Bank (Afreximbank), was today in Ahmedabad, India, named African Banker of the Year at the African Banker Awards 2017 ceremony. The award, presented during a ceremony on the sidelines of the Annual Meetings of the African Development Bank, is, according to

Abuja, 18 May 2017 – The African Export-Import Bank (Afreximbank) has disbursed more than $35 billion in trade and project financing to Nigerian public and private entities since its inception to support the country’s economic and trade growth, Bank President Dr. Benedict Oramah has said. Speaking on Tuesday when Nigeria’s Acting President, Prof. Yemi Osinbajo,

Dakar, 17 May 2017 – The African Export-Import Bank (Afreximbank) is currently working on a pipeline of transactions from Senegal totaling $1.6 billion as part of its programme of active support to public and private sector activities in the country, Bank President Dr. Benedict Oramah, has announced in Dakar. Speaking on Sunday when he led

Banjul, 16 May 2017 – The African Export-Import Bank (Afreximbank) will commit up to $500 million in financing to support the revival of agriculture, growth of the financial sector and construction of world-class tourism and trade logistics infrastructure in The Gambia, Bank President Dr. Benedict Oramah has announced in Banjul. Speaking on Monday after meetings

Conakry, 17 May 2016 – The African Export-Import Bank (Afreximbank) will provide financial support to assist Guinea in the implementation of its national development plan and related investment programme, Dr. Benedict Oramah, President of the Bank, has said in Conakry. Speaking on Saturday when he paid a courtesy call on Alpha Condé, President of Guinea,

Cairo, 05 May 2017: – The African Export-Import Bank (Afreximbank) will hold its 24th Annual General Meeting of Shareholders (AGM) in Kigali from 28 June to 1 July with participation by some of Africa’s most high-profile political and business leaders, joined by leading international experts. The AGM and its related activities, which are scheduled to

Cairo, 29 April 2017: – The African Export-Import Bank (Afreximbank) has granted a $300-million financing facility to the National Bank of Egypt (NBE) to support Egypt’s industrialisation efforts. Dr. Benedict Oramah, President of Afreximbank, and Hesham Okasha, Chairman of NBE, signed the facility agreement for the Industrialization Support Facility on behalf of their respective institutions