Africa

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

Afreximbank has announced that it has entered into a memorandum of understanding (MOU) with the Development Bank of the Republic of Belarus, for the financing and promotion of trade between African countries and Belarus

Afreximbank has announced that it is ready to set aside $400m as part of a programme to finance and promote trade between African countries and Belarus, the President, Dr. Benedict Oramah, has announced in Minsk.

Afreximbank has announced that Cote d’Ivoire will work with the African Export-Import Bank to achieve the implementation of the proposal by the Bank to develop new industrial parks in the country

Sao Tome and Principe has acceded to the Agreement for the Establishment of Afreximbank, making it the 41st African country to join the Bank as a participating state

The Dangote Group, Africa’s indigenous conglomerate, has become the latest entity to join Afreximbank as a shareholder

Afreximbank has announced the appointment of Kanayo Awani as Managing Director of its intra-African Trade Initiative. Her appointment takes effect on 18 May

African development finance institutions must come together in partnership in order to more effectively tackle the challenges affecting the financing of intra-African trade, participants at the first ever continental conference on intra-African trade finance and payment systems have urged