Africa

Afreximbank has announced that it expects to attract up to $1bn in financing and investments to support trade activities and infrastructure development, including industrial parks and logistics facilities, in Togo

Afreximbank has announced that it and the Export-Import Bank of Korea (KEXIM) in Seoul have entered into a memorandum of understanding (MOU) expected to inject $100m to support trade between Africa and South Korea

Afreximbank has announced that it has introduced a model law on factoring to provide a benchmark for African national legislatures enacting arrangements aimed at fostering the growth of factoring activities across the continent

Verdant Capital, a corporate finance firm serving Africa, has announced that it has arranged a revolving credit facility of USD3m for the Pan African Building Society (PABS), to be used to support PABS’s invoice discounting and supply chain financing activities

Afreximbank has appointed of Amr Kamel, formerly Director of Banking Operations, as its new Executive Vice President in charge of Business Development and Corporate Banking, giving him the position occupied Dr. Benedict Oramah until his elevation to the post of President of the Bank in September 2015

The President of Djibouti, Ismaпl Omar Guelleh, has announced the country’s accession to the Afreximbank Establishment Agreement, making it a participating state of the continental trade finance institution

Afreximbank has announced the appointment of Constantin von Moltke to the position of Head of Syndicated Loans (Structuring and Distribution)

Kanayo Awani, Managing Director of Afreximbank’s Intra-African Trade Initiative, has announced that Afreximbank has approved $83m for African businesses engaged in factoring since 2012

Afreximbank has announced the appointment of a new Director for Syndications and Agency

Afreximbank has announced that it has achieved a record 25 per cent rise in its net income, taking in $134m in 2015 compared to $107m in 2014