To help fill the gaps in availability of accurate information and statistics on African trade and trade finance and to publish research on trade-related issues of interest to entities promoting and financing African trade, the African Export-Import Bank (Afreximbank) is to begin the publication of the Journal of African Trade, a peer-reviewed journal.

The African Export-Import Bank (Afreximbank) will hold a series of activities in Addis Ababa from 19 to 23 June to mark the 20th anniversary of its establishment, Bank President Jean-Louis Ekra, announced in Cairo yesterday.

Media Contact: Obi Emekekwue (oemekekwue@afreximbank.com; Tel. +202-2456-4238; Mobile +2010-2086-6222) Cairo, 22 February 2013 – The African Export-Import Bank (Afreximbank) should target financing to support agricultural businesses in Nigeria to boost exports and make African products more competitive in the global market, the Nigerian Minister of Agriculture and Rural Development, Dr. Akinwumi Adesina, said in Cairo

Liberian Palm Developments Ltd., the joint venture between Equatorial Palm Oil of the United Kingdom and BioPalm Energy, Ltd., a subsidiary of Singapore-based Siva Group Incorporated, has appointed the African Export-Import Bank (Afreximbank) as advisor to help it secure the $140 million financing facility for its Palm Bay project located near Liberia’s deepwater port of Buchanan.

The African Export-Import Bank (Afreximbank) has signed facility agreements to provide almost 55 million Euros to three firms for equipment procurement and to enhance cocoa beans processing capacities as part of the Bank’s programme to support value-additive activities to move Africa away from remaining an exporter of raw produce.

Export Development Canada (EDC) today announced that it has provided a USD 30 million five-year line of credit to the African Export-Import Bank (Afreximbank), the proceeds of which will be used to provide financing to African companies procuring Canadian goods or services.

About 80 senior bankers and officers of financial institutions from countries across Africa have completed a specialized training programme in structured trade finance organized by the African Export-Import Bank (Afreximbank) in Cairo to equip them to deal with risks in financing trade under a difficult politico-economic environment and changing trade counterparties.

To compete with the rest of the world, Africa must resolve its skills gap and overcome its technical limitations, Mona Omar, the Assistant Foreign Minister for African Affairs of Egypt, said in Cairo today.

In pursuit of its mandate to promote and finance trade in Africa, the African Export-Import Bank has began accepting applications from African university students for slots in its internship programme scheduled to run from this December to May 2013.

The Starwood Hotels and Resorts Group today in Lagos launched the development of its first Luxury Collection brand in the ECOWAS region, the Le Meridien Grand Towers Hotel project, sponsored by Robert Dyson and Diket, Ltd. (RDD).

Closer cooperation among developing countries will not only be a driving force for their own development, but also fuel global growth, international economists told a seminar in Beijing on Wednesday during the ongoing shareholders’ meeting of the African Export-Import Bank. Richard Kozul-Wright, an economist at the United Nations Conference on Trade and Development, said the

With more than $126 billion in trade with Africa, China has surpassed the United States to become the continent’s largest trade partner. The rank is reflected in the annual meeting of shareholders of the African Export-Import Bank now under way in Beijing. Jean-Louis Ekra, chairman and president of Afreximbank, told a press conference on Monday