Africa

Afreximbank will support Ethiopian entrepreneurs seeking to engage in export manufacturing, especially to add value to coffee, cotton, textile, leather and other commodities, Bank President Dr. Benedict Oramah announced in Addis Ababa today

With the objective of expanding awareness of its trade finance facilities and engaging with the Ethiopian business community, Afreximbank is to hold a business forum in the Ethiopian capital city of Addis Ababa on 21 December

A financing programme by Afreximbank to provide more than $3.5 billion to its member countries to enable them adjust to current adverse economic shocks, especially commodity price and terrorism-induced ones, has received the blessings of the Bank’s Board of Directors

Cфte d’Ivoire has presented the formal instrument of ratification to the Afreximbank for the establishment of the Bank’s Branch Office in Abidjan, commending the strategic choice made by the Bank in selecting Abidjan as the site for the Branch Office which serves Francophone West Africa

Afreximbank has reported that it will arrange a facility of up to USD1bn for the Central Bank of Egypt (CBE), underwriting USD500 of the amount, to complement the efforts of the central bank to improve foreign currency liquidity, Afreximbank President Dr. Benedict Oramah has announced in Cairo

Africa can minimise how much it is affected by global shocks by taking advantage of the services and programmes available from strong African multilateral development finance institutions like Afreximbank, Dr. Patrick Njoroge, Governor of the Central Bank of Kenya, has announced in Nairobi

Chad has announced its accession to the Agreement Establishing Afreximbank becoming the 38th African country to join the continental trade finance institution as a participating state

IFG has announced E-nnovative Capital based in Nairobi, Kenya as its latest partner member

Afreximbank has trained more than 1,500 African bankers and trade finance practitioners in structured trade finance, equipping them with the knowledge and skills to improve economic conditions of the continent, Dr. Benedict Oramah, President of the Bank, has announced in Nairobi.

Guinea-based printing and packaging company Complex Industriel Polygraphie Patrice Lumumba (CIPPL) is the beneficiary of a EUR15m credit facility from Afreximbank for the extension and modernisation of its printing and packaging plant