{"id":26971,"date":"2018-10-03T13:13:44","date_gmt":"2018-10-03T12:13:44","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=26971"},"modified":"2018-10-03T13:13:44","modified_gmt":"2018-10-03T12:13:44","slug":"afreximbank-promotes-programme-to-improve-banks-business-performance","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/afreximbank-promotes-programme-to-improve-banks-business-performance\/","title":{"rendered":"Afreximbank Promotes Programme To Improve Banks’ Business Performance"},"content":{"rendered":"

Tayo Olanipekun<\/p>\n

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.<\/p>\n

Speaking during a roadshow to introduce AFTRAF, Manager in the Afreximbank Guarantees and Specialized Finance Unit, Fatma Bao, said that the programme was structured to enhance confidence of counterparties in the settlement of international trade transactions for critical imports into Africa, support intra-African trade and facilitate the purchase of equipment for production of export goods.<\/p>\n

She said that the programme was being offered to African financial institutions in response to the increasing de-risking of African banks as a result of stringent compliance and regulatory requirements imposed by international banks.<\/p>\n

Participating in the roadshow were Coris Bank, Ecobank, Banque R\u00e9gionale et de March\u00e9 Banque EL Amana-Mauritania, Banque Nationale pour le D\u00e9veloppement \u00e9conomique, BGFI S\u00e9n\u00e9gal, NSIA Bank, and Banque Islamique du S\u00e9n\u00e9gal.<\/p>\n

The roadshow was held as part of a strategy to allow Afreximbank expand its coverage of Africa and to onboard Senegalese banks to the AFTRAF programme. It also aims to enhance cooperation between Afreximbank and the local banks in order to grow the nation\u2019s economy.<\/p>

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Advertisement<\/div>\r\n\t\t\t\t\t\t\t<\/a>\r\n \r\n\t\t\t\t\t\t\t<\/div>\n

Similar roadshows are planned for several other African countries.<\/p>\n

The Afreximbank team described the programme as the Bank\u2019s response to the recurring trend of reduction or withdrawal of trade lines to African banks by the international banks following the de-risking process.<\/p>\n

\u201cAfreximbank wants to understand the needs of the Senegalese market and the current obstacles facing you to satisfy these needs so that we can cooperate with you to improve the country\u2019s trade,\u201d said Ms Bao.<\/p>\n

In addition to Ms. Bao, the Afreximbank team included Okechukwu Ihejirika, Senior Manager in the Banking Operations Department; Ismail Kamara, of the Trade Finance Department; and Abdalla Rehab of the Client Relations Department.<\/p>\n","protected":false},"excerpt":{"rendered":"

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, …<\/p>\n","protected":false},"author":9,"featured_media":26978,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,17],"tags":[907,4669,814,4670],"coauthors":[2387],"class_list":["post-26971","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-news","tag-afreximbank","tag-aftraf","tag-ecobank","tag-fatma-bao"],"yoast_head":"\nAfreximbank Promotes Programme To Improve Banks' Business Performance - National Wire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/afreximbank-promotes-programme-to-improve-banks-business-performance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Afreximbank Promotes Programme To Improve Banks' Business Performance - National Wire\" \/>\n<meta property=\"og:description\" content=\"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. 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