Moscow, Russia | Isaac Khisa | The Afreximbank Strategy for Export Trading Companies was launched in Moscow on June 20, during the open Russia–Africa Economic Conference, part of the Afreximbank Annual Meetings with the support of the Roscongress Foundation and Russian Export Center. The panellists included Managing Director of Afreximbank Intra-African …
Read More »Russia and Africa need collaboration to stir growth, Medvedev tells Afreximbank shareholders
Moscow, Russia | ISAAC KHISA | Africa and Russia must harness their immense resources to foster a greater economic future for their people, the chairman of the Government of the Russian Federation, Dimitri Medvedev said in Moscow, Russia. Medvedev, who was speaking during the Annual General Meeting of Shareholders of …
Read More »Afreximbank wins African Bank of the year award
Kampala, Uganda | THE INDEPENDENT | The African Export-Import Bank (Afreximbank) yesterday in Malabo received the award for the African Bank of the Year at the African Banker Awards 2019 ceremony held on the sidelines of the Annual Meetings of the African Development Bank. Amr Kamel, Afreximbank’s Executive Vice President …
Read More »Intra-African Trade Fair to generate $40 million in trade deals
Kampala, Uganda | THE INDEPENDENT | The second Intra-African Trade Fair (IATF2020) scheduled to take place in Kigali from 1 to 7 September 2020 will target the execution of Intra-African trade deals worth more than $40 billion, President of the African Export-Import Bank, Prof. Benedict Oramah, said. Prof. Oramah …
Read More »Afreximbank aims to creat digital ecosystem to ease trade finance
Washington, US | THE INDEPENDENT | The African Export-Import Bank (Afreximbank) is working, with the support of African Union (AU), to create a digital ecosystem that will eliminate the major bottlenecks to trade finance flows within Africa, Bank President Prof. Benedict Oramah has announced in Washington D.C. Delivering an address …
Read More »Afrexibank records 25% growth net profit to $275.9million
Kampala, Uganda | ISAAC KHISA | Pan-African multilateral lender, African Export-Import Bank has released its abridged audited financial statements for the year ended 31 December 2018, showing strong financial and operational performance, with total comprehensive income for the year amounting to $285.4 million. The total comprehensive income reflects a …
Read More »Afreximbank encourages factoring to ease access to financing for SMEs
Kampala, Uganda | Isaac Khisa | African multilateral lender, African Export-Import Bank (Afreximbank) has made the case for factoring as a viable and sustainable solution to address the challenge of access to financing which is hindering the growth of Africa’s small and medium-scale enterprises (SMEs). Factoring is a financial transaction …
Read More »Afreximbank opens registration for 2019 annual meetings
Kampala, Uganda | THE INDEPENDENT | Registration for the 2019 Annual Meetings of the African Export-Import Bank (Afreximbank), which will be held in Moscow, has opened, according to information released today by the Bank. Afreximbank announced in Cairo that intending participants for the meetings, dubbed AAM2019, could register by visiting …
Read More »Afreximbank’s new fund to catalyse FDI flows in Africa
Kampala, Uganda | THE INDEPENDENT | The Fund for Export Development in Africa (FEDA), the equity investment fund created recently by the African Export-Import Bank will catalyse foreign direct investment (FDI) flows into Africa’s trade and export sectors. Prof. Benedict Oramah, the bank’s president, said during the opening of the Financing …
Read More »Afreximbank lends $170 million to Orascom for pan-African expansion
Kampala, Uganda | ISAAC KHISA | Pan-African multilateral lender African Export-Import Bank (Afreximbank ) has signed a facility agreement lending $170 million to Egypt-based conglomerate Orascom Investment Holding (OIH) to assist the company expand its pan-African activities in pursuit of its short and medium-term expansion strategy. The …
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