{"id":36228,"date":"2019-11-19T06:03:54","date_gmt":"2019-11-19T05:03:54","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=36228"},"modified":"2019-11-19T06:03:54","modified_gmt":"2019-11-19T05:03:54","slug":"afcfta-afreximbank-releases-500m-for-local-finance-fund-to-local-exporters","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/afcfta-afreximbank-releases-500m-for-local-finance-fund-to-local-exporters\/","title":{"rendered":"AfCFTA: Afreximbank Releases $500m For local Finance Fund To Local Exporters"},"content":{"rendered":"

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.<\/p>\n

The Managing Director, Intra-African Trade Initiative of the African Export-Import Bank, Ms Kanayo Awani, who made this known in Lagos said the facility is aimed at promoting and expanding trade and investments between Nigeria and the rest of Africa.<\/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

Awani explained that the stimulation fund-$500 million is designed for Nigerian manufacturers and exporters to boost intra-African trade and supports their operations through financing, enabling market access, technical assistance, trade information and advisory services, twinning services and other forms<\/p>\n","protected":false},"excerpt":{"rendered":"

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.<\/p>\n","protected":false},"author":6,"featured_media":36229,"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":[23,1593,17,624],"tags":[907],"coauthors":[2391],"class_list":["post-36228","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-metro","category-news","category-politics","tag-afreximbank"],"yoast_head":"\nAfCFTA: Afreximbank Releases $500m For local Finance Fund To Local Exporters - 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