Afreximbank pledges $1.5bn for Mauritania projects
The African Export-Import Bank said it will invest up to $1.5 billion (1.2 billion euros) in fishing, mining and financial projects in Mauritania, as the mineral-rich north African desert nation seeks to diversify its economy.
Afreximbank urges enterprises to engage factoring to solve cash flow difficulties
The African Export-Import Bank (Afreximbank) has urged African enterprises to make use of factoring to take advantage of the opportunities for expanding the continent’s regional value chains.
Afreximbank admits Russian investment firm into shareholding
The African Export-Import Bank (Afreximbank) expanded its shareholder-base, as it admitted JSC Russian Export Centre (REC), as the latest international financial organisation to join the institution. REC was admitted as a shareholder following its successful subscription to Class “C” shares of the African multilateral trade finance bank. With the new partnership, the two…
Afreximbank gets $100m Shariah-compliant facility
The African Export-Import Bank (Afreximbank) and the Islamic Corporation for the Development of the Private Sector (ICD) have signed a financing agreement of $100-million in the pursuit of increased trade within the continent.
Afreximbank, Attijariwafa Bank sign MoU to support African trade
The African Export-Import Bank (Afreximbank), and Attijariwafa Bank Sunday in Sharm El Sheikh, Egypt, entered into a memorandum of understanding (MoU), to collaborate in developing a large framework of cooperation in trade across Africa. The two institutions committed to collaborate in equity and treasury cooperation through the participation of Attijariwafa Bank in Afreximbank’s equity base…
Afreximbank urges African countries to deviate from commodity dependence
Dr. Benedict Oramah, President, African Export-Import Bank (Afreximbank) has urged African countries to shift their economies away from commodity dependence, to move their people out of poverty.
European Investment Bank grants €100m credit line to Afreximbank
European Investment Bank (EIB), has granted the African Export-Import Bank (Afreximbank), a line of credit agreement amounting to €100 million.
‘How factoring can improve SMEs’ access to finance’
Factoring is a product that is designed for SMEs. When you think of factoring, you think of SMEs. Let me just start with the basics of Factoring.
South Africa, Eritrea take up Afreximbank’s shareholding
South Africa and Eritrea have taken up shareholding in the African Export-Import Bank (Afreximbank)- the continent’s multilateral trade finance institution, in demonstration of their commitments to promoting intra-trade and economic integration.