In its continuing drive to build up trade finance capacity within Africa, the African Export-Import Bank (Afreximbank) will hold a three-day training seminar and workshop on advanced structured trade finance for African bankers and finance professionals, the Bank has announced in Cairo.

In a bid to address the growing reliance by Senegalese companies on imported packaging materials for their businesses, the African Export-Import Bank today extended a credit facility of 18.2 million Euros to Senegal-based Groupe Futurs Media (GFM) for the import and installation of equipment.

The African Export-Import Bank (Afreximbank) will support investors who come into Africa to contribute to the continent’s economic development by sharing the investment risks they face, Jean-Louis Ekra, President the Bank, has said.

Investors who enter the African market through the African Export-Import Bank (Afreximbank) stand to enjoy unique access to the economies of 37 countries across the continent, thanks to the Bank’s special reach, Jean-Louis Ekra, President the Bank, has said.

The Cote d’Ivoire based firm, SIMAT, is to receive a lifeline of 5.64 million Euros to finance the import of equipment for its services in the areas of marine and air transit and handling, according to the terms of a credit facility it received from the African Export-Import Bank (Afreximbank) in Cairo today.

The Republic of Congo has signed the instrument of accession to the Agreement Establishing the African Export-Import Bank, becoming the 35th African country to join the Bank.

The total assets of the African Export-Import Bank (Afreximbank) rose 612 per cent to $3.7 billion between 2003 and 2012, Bank President Jean-Louis Ekra told the Bank’s owners today as they held their Annual General Meeting of Shareholders.

Activities marking the 20th anniversary of the African Export-Import Bank (Afreximbank) began in Addis Ababa today with Bank President Jean-Louis Ekra saying that the only means through which Africa could benefit from its abundant natural resources was through processing and eventual joining of the global value chain.

The African Export-Import Bank (Afreximbank) will hold business development roadshow in Conakry from 25 to 26 June to create awareness of its financing products among the Guinean business community, the Bank has announced in Cairo.

The African Export-Import Bank will celebrate the 20th anniversary of its establishment and hold its Annual General Meeting of Shareholders in Addis Ababa, Ethiopia, from 19 to 22 June 2013. African heads of state will be joined at the events by the continent’s top political and business leaders.

Two current African heads of state and a former President are among dignitaries expected to lead events at activities to mark the 20th anniversary of the African Export-Import Bank (Afreximbank), which will take place in Addis Ababa from 19 to 21 June, according to the programme of events released by the Bank.

The African Export-import Bank (Afreximbank) this week announced the issuance of a 500 million-dollar bond as part of an equity raising effort to further strengthen its banking operations going forward.