Cairo, 06 December 2016 – The African Export-Import Bank (Afreximbank) today in Cairo signed a $200-million loan facility agreement with the Egyptian General Petroleum Company (EGPC) to support the expansion of electricity generation and distribution in the country. At a ceremony at the premises of the Egyptian Petroleum Ministry, Dr. Benedict Oramah, President of Afreximbank,

The African Export-Import Bank (“Afreximbank” or the “Borrower”) is pleased to announce the successful signing of a US$761,000,000 and €105,000,000 Dual Tenor Dual Currency Syndicated Term Loan Facility (the “Facility”) on 24 November 2016, following strong support from the Borrower’s core relationship banks and a highly successful general syndication phase. The Facility was launched at

Cairo, 02 December 2016 – Active participation in intra-African trade has made it possible for a number of African countries to maintain resilient trade figures in the midst of falling commodity prices that have led to an overall sluggish economic growth story on the continent, Dr. Benedict Oramah, President of the African Export-Import Bank (Afreximbank),

Port Louis, 24 November 2016 – Governments should create enabling environments for factoring in Africa in order to improve the competitiveness of African businesses, Dr. Benedict Oramah, President of the African Export-Import Bank (Afreximbank), said today in Port Louis. In an address read on his behalf by Kanayo Awani, Managing Director of Afreximbank’s Intra-African Trade

Port Louis, 21 November 2016 – With international banks once again withdrawing from African trade finance and with the continent’s trade finance gap estimated at more than $120 billion, African banks, have an opportunity to step in, through structured trade finance, to ensure that Africa, never again descends into economic chaos because of a sudden

Cairo, 16 November 2016 – Banks and other financial institutions involved in financing trade in Africa will gather in Mauritius from 21 to 24 November for a seminar organized by the African Export-Import Bank (Afreximbank) to enhance Africa’s capacity to take advantage of opportunities offered by structured trade finance to boost trade in the face

Lagos (Nigeria), 10 November 2016 – The urgent need for Africa to focus on the economic returns of knowledge and the role of trade in the development process were highlighted yesterday as the book, Foundations of Structured Trade Finance, written by Dr. Benedict Oramah, was launched in Lagos, Nigeria. Dr. Oramah, also President of the African

Lomé, 2 November 2016: – The African Export-Import Bank (Afreximbank) expects to attract up to $1 billion in financing and investments to support trade activities and infrastructure development, including industrial parks and logistics facilities, in Togo, Bank President Dr. Benedict Oramah has said in Lomé. Speaking on Monday after meetings with Togolese President Faure Gnassingbé

Kigali, 28 October 2015 – Africa must institute stronger financial control mechanisms and capacity-building for customer due diligence and corporate governance in order to attract capital competitively and ensure greater financial stability and sustainable development, participants in the Third Annual Forum on Customer Due Diligence and Corporate Governance organised by the African Export-Import Bank’s (Afreximbank)

Kigali, 26 October 2016 – The estimated $50 billion being lost annually by Africa due to illicit financial flows should be a source of concern to the continent, especially as access to finance and capital was a key constraint to growth and economic development, Claver Gatete, Minister of Finance and Economic Planning of Rwanda, said

Seoul, 26 October 2016: – The African Export-Import Bank (Afreximbank) and the Export-Import Bank of Korea (KEXIM) today in Seoul entered into a memorandum of understanding (MOU) expected to inject $100 million to support trade between Africa and South Korea. Under the terms of the MOU signed by Afreximbank President Dr. Benedict Oramah and his

Cape Town (South Africa), 24 October 2016: – The African Export-Import Bank (Afreximbank) has introduced a model law on factoring to provide a benchmark for African national legislatures enacting arrangements aimed at fostering the growth of factoring activities across the continent. The Afreximbank Model Law on Factoring, which was unveiled in Cape Town, South Africa,