Tag Archives: Afreximbank

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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At the 24th Annual General Meeting of the African Export-Import Bank (Afrexim), held in Rwanda, Tony O. Elumelu, CON, Chairman of Heirs Holdings and the Tony Elumelu Foundation, congratulated Afrexim for the critical support that the Bank, led by President Oramah, provides for African businesses and its significant contribution to the development of cross-border trade and investment in Africa. Mr …

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African Export-Import Bank (Afreximbank) has reiterated the importance of factoring services in bridging the assessed gap in financing among small and medium-sized enterprises (SMEs) in Africa. While admitting that the business model was scripted to address the challenges the SMEs face in accessing funding for business activities, the bank noted that it is also important to develop the model across …

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Heritage Bank CEO lists Nigeria’s export potentials Heritage Bank Limited has identified major commodities that can boost foreign exchange earnings for the country. This becomes necessary as the Federal Government intensifies efforts to boost non-oil export revenues. Managing Director/ Chief Executive Officer, Heritage Bank Limited, Ifie Sekibo said some of the export potential products cocoa, cashew, groundnut, fish, horns, sesame …

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