African Export-Import Bank (Afreximbank) said it hopes to attract $4 billion foreign direct investment (FDI) inflow into Africa through its Fund for Export Development in Africa (FEDA). Prof. Benedict Oramah, President of the Bank disclosed this while speaking in Tunis during the opening of the Financing Investment and Trade in Africa conference organized by the […]
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The African Export-Import Bank (Afreximbank) has inaugurated a one billion dollars Nigeria-Africa Trade and Investment Promotion Programme (NATIPP) to promote and expand trade and investments between Nigeria and the rest of Africa. Prof. Benedict Oramah, Afreximbank’s President said this in a statement on Friday in Abuja. Oramah inaugurated the programme as part of agreement made […]
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December 11, 2018 – Cairo, Egypt: As a further demonstration of the African Export-Import Bank’s (“Afrexim”) mandate to facilitate the growth of intra-Africa trade and support the development of African businesses, Afrexim today, signed financing facilities totalling US$600 million with the Heirs Holdings Group, a pan-African proprietary investment holding company. Heirs Holdings has significant investments […]
Read More The African Export-Import Bank, Afreximbank, in Cairo has signed an agreement, granting a €30 million revolving trade financing facility to Caisse des Dépôts et Consignations du Gabon (CDC Gabon) to support the operations of the tenants of the Gabon Special Economic Zone and to provide them with the capacity to export their products. Under the […]
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President Muhammadu Buhari on Thursday told the members of the Board of African Export and Important Bank, AFREXIM that his administration will continue to knock on their doors for assistance so as to fix the long decayed infrastructure in the country.. This is as he called for stronger partnership with lending banks to reduce the […]
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The Minister of Finance, Mrs Kemi Adeosun, will Wednesday, host the Investment Forum/Trade Exhibition of the African Export-lmport Bank (AFREXIMBANK), in Abuja. The Director of Information in the Ministry, Mr. Hassan Dodo, said in a statement, yesterday, that the event would be part of a series of activities lined up for the 25th Anniversary and […]
Read More The African Export-Import Bank (Afreximbank) has expressed its readiness to work with the Federal Government arrange about $1 billion financing for government’s investments in trade-enabling infrastructure. The bank has so far approved financing amounting to $17 billion for Nigerian entities between its commencement of operations in 1994 and last December, its President Benedict Oramah, said. […]
Read More The President and Chief Executive Officer of African Export-Import Bank (Afreximbank), Dr. Benedict Oramah, has revealed that the regional financial institution approved a total of $17 billion for Nigerian entities between 1994 and December 2017. Oramah, who made the disclosure in Abuja at the weekend when he led an Afreximbank delegation on a visit to […]
Read More The President of African Export-Import Bank (Afreximbank), Dr. Benedict Oramah, has disclosed that about $25 billion will be disbursed by the regional bank in support of intra-African trade during the five years ending in 2021 under an Intra-African Trade Strategy it launched in 2016 in anticipation of the African Continental Free Trade Area (AfCFTA). But […]
Read More The African Export-Import Bank (Afreximbank) has raised around $260 million via three sharia-compliant facilities to support the Small and Medium-scale Enterprises in the region, as African markets gradually open to Islamic finance. The Cairo-based Afreximbank, which was founded by African governments and other investors in 1993 and focuses on trade finance, obtained a $100 million […]
Read More Egypt could be a front runner in transforming intra-African trade and boosting innovation and industrialisation on the African continent, the Managing Director of the Intra-African Trade Initiative at the African Export-Import Bank (Afreximbank), Kanayo Awani, has said Speaking during the opening of a one-day workshop on intra-African trade, organised by Afreximbank, in Cairo, she said […]
Read More The Africa Export/Import Bank (Afreximbank), on Wednesday, revealed it has so far spent over $16 billion in financing various projects in Nigeria since its inception 24 years ago. The Cairo-based bank also said it is collaborating with the Federal Ministry of Health and the Kings College Hospital, London, to build a multi-million dollar specialist hospital […]
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