Africa

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

Afreximbank has pledged to support African trade with over $15bn of annual financing, AGM participants hear

Afreximbank report that with Africa’s factoring volume expected to reach 200 billion Euros in 2020, the continent must put in place facilitating legal and regulatory infrastructure to enable it take advantage of the many opportunities associated with factoring

Afreximbank has announced that at its AGM, in addition to host President James Michel of Seychelles, former Nigerian President Olusegun Obasanjo, three serving African Presidents, as well as a host of business and economic experts, including Joseph Stiglitz, a Nobel Prize winner in economics, will be speaking on topics related to the theme, “Africa’s new economy: Intra-African Trade and the Blue Economy as catalyst for economic transformation” during the event