The Kingdom of Lesotho has joined The African Export-Import Bank (“Afreximbank” or the “Bank”) as a Participating State. In a ceremony held here today at the sidelines of the 2009 Annual Meetings of the African Development Bank Group, the Honorable Minister of Finance of the Kingdom of Lesotho, Mr. Timothy Thahane formally delivered to the President of the Bank, Mr. Jean–Louis EKRA, an Instrument of Accession to the Agreement Establishing the African Export-Import Bank duly executed by the Government of the Kingdom of Lesotho.

The Export-Import Bank of China and The African Export-Import Bank (the “Bank” or “Afreximbank”) today signed an Agreement under which China Eximbank committed to grant Afreximbank a US$ 100 million Trade and Project Finance Line of Credit.

The African Export-Import Bank (the “Bank” or “Afreximbank”) today, in Abuja, Nigeria entered into a Cooperation Agreement with the Africa Finance Corporation (“AFC” or the “Corporation”). The Agreement provides a framework for collaboration between the two institutions by harmonizing their resources for the promotion of trade and economic development in Africa.