Afreximbank raises $260 million to support SMEs via Islamic bond

• by Okemute Agbaro
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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 […]