Tag Archives: Afreximbank

African Export Import Bank (Afreximbank) has announced the disbursement of a US$150 million finance facility to First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider.

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In line with ongoing measures toward the take-off of African Continental Free Trade Area (AfCFTA), the African Export-Import Bank (Afreximbank) has disclosed that out of the $1 billion Nigeria-Africa Trade and Investment Promotion Programme (NATIPP) financing fund, it has allocated $500 million to support local manufacturers and exporters to take advantage of opportunities offered by the AfCFTA.

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— As Afreximbank Chief Says Hosting Agreement Signed Bayo Akinloye The second Intra-African Trade Fair (IATF2020) scheduled to take place in Kigali from September 1 to 7, 2020, will target the execution of Intra-African trade deals worth more than $40 billion, Prof. Benedict Oramah, President of the African Export-Import Bank (Afreximbank), announced today.  Prof. Oramah was speaking in Kigali at the …

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The African Export-Import Bank (Afreximbank) has shown strong financial and operational performance in 2018 with a total comprehensive income

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The economies of the South must work together in order to deal with the uncertainties resulting from the current global trade environment, Prof. Benedict Oramah, President of the African Export-Import Bank (Afreximbank), said yesterday in Bali, Indonesia. Speaking during a Panel discussion on “The Growing Importance of South-South Cooperation Amid Trade Tensions and Global Financial Market Volatility” organised on the …

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Tayo Olanipekun African banks can improve their business performance by keying into the Afreximbank Trade Facilitation Programme (AFTRAF), which was recently introduced by the African Export-Import Bank (Afreximbank), representatives of the Senegalese banking sector heard on Tuesday in Dakar. Speaking during a roadshow to introduce AFTRAF, Manager in the Afreximbank Guarantees and Specialized Finance Unit, Fatma Bao, said that the …

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Tayo Olanipekun Former Nigerian President, Olusegun Obasanjo, and leading development economist, Prof. Jeffrey Sachs, will headline the second Babacar Ndiaye Lecture, to be held in Bali, Indonesia, on October 13, 2018, the African Export-Import Bank (Afreximbank) has announced. The duo will speak on the theme, “Global Power Disequilibrium, Trade Wars and Implications for Africa,” during the international lecture series instituted …

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The African Export-Import Bank (Afreximbank) has released its unaudited financial statements for the half-year period ended 30 June 2018, showing gross revenue of $343 million. The figure represented a $21 million increase over the gross revenuerealised same period in 2017. The results, released by the Bank in Cairo, Egypt, attributed the higher gross revenue to a significant increase in fee income, which …

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Limited knowledge about trade opportunities in African countries has been identified to be among the biggest impediments to intra-African trade. The Executive Vice President for Business Development and Corporate Banking at the African Export-Import Bank (Afreximbank), Amr Kamel, was quoted to have said this in a statement on Monday. Speaking recently during a panel discussion at the Africa 2017 Forum, …

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African Export-Import Bank (Afreximbank), said it is opening its shareholding to the investing public with a 300 million dollars equity offering through the issuance of depositary receipts. According to a statement by the bank’s Head of Communications, Mr. Obi Emekekwue, on Thursday said that the equity offering would be held under its Class “D” shares. The bank’s Class “D” are …

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