In a transaction aimed at giving a substantial boost to regional trade across West and Central Africa, the African Export-Import Bank (Afreximbank) has provided a credit facility worth $20 million to Nigeria-based industrial giant, Innoson Technical and Industrial Company (ITIC) Limited, for the purchase of inputs for production of plastic goods.

The Democratic Republic of Congo (DRC) is to become the next African country to join the African Export-Import Bank as a member and shareholder, according to indications from a high-powered government delegation that visited the Bank’s Cairo headquarters on 13 February.

To boost access to trade finance, the African Export-Import Bank (Afreximbank) has entered into an agreement to introduce a facility

African businesses must equip themselves in order to compete effectively in the new environment resulting from the adoption of open account systems in many markets across the world, Dr. Benedict Oramah, Executive Vice-President of the African Export-Import Bank (Afreximbank) in charge of Business Development and Corporate Banking, has said.

Some 90 African bankers and senior representatives of financial institutions from more than 20 African countries, today received certification from the African Export-Import Bank (Afreximbank) after completing a three-day intensive training programme in advanced structured trade financing.

Deepened business relationships and partnerships among African banks and other trade financiers, resulting in credit information and risk sharing and in pooling of expertise to structure complex trade and project finance deals, is enabling Africa to address the trade and project finance challenges facing it, Jean-Louis Ekra, President of the African Export-Import Bank (Afreximbank) said today.

The African Export-Import Bank (Afreximbank) has won new recognition for its work in support of Africa’s small and medium enterprises (SMEs), with the Bank taking the top honours for the Best Initiative In Support of SMEs and the Millennium Development Goals at this year’s Africainvestor Investment and Business Leader Awards.

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.