Nigeria makes early gains at IATF with $2.2 billion investment deals
Nigeria has emerged one of the early gainers of the maiden Intra-African Trade Fair (IATF), in Cairo, Egypt, as it had sealed a $2.24 billion deal for regional trade expansion and industrial parks. The first-ever IATF on the continent, organised by African Export-Import Bank (Afreximbank), in collaboration with the African Union (AU), due to end…
Afreximbank inaugurates $1bn programme to promote Nigeria’s Intra-African Trade
The African Export-Import Bank (Afreximbank) has inaugurated a one billion dollars Nigeria-Africa Trade and Investment Promotion Programme (NATIPP) to promote and expand trade and investments between Nigeria and the rest of Africa.
Maiden IATF begins with calls for pro-Africa integration talks
The first-ever Intra-African Trade Fair (IATF) on the continent has kicked off in Cairo, Egypt, with the African Export-Import Bank (Afreximbank) leading calls for the implementation of initiatives that will add meaning to the African Continental Free Trade Agreement (AfCFTA).
Afreximbank grosses $547m in nine months
The African Export-Import Bank (Afreximbank) has released its unaudited financial statements for the nine months ended September 30, 2018, showing strong financial and operational performance, with gross income of $546.6 million. This represents 14.3 per cent increase from the same period last year, while it recorded a net income of $172.4 million, representing a…
Afreximbank initiates $15m scheme to source projects
Nigeria and other African countries, as well as their entrepreneurs, would soon enjoy a first treat of their projects and investment ideas, aimed at making them attractive and feasible, courtesy of the African Export-Import Bank (Afreximbank). The bank unveiled the initiative as a way of increasing the availability of viable and well-prepared projects in Africa,…
How Nigeria’s economic woes hobble continental integration
Nigeria’s economic structure, dominated by commodities and primary products offerings, with a slow-paced, but painful infrastructure development strategy, is now running against its plans to participate in the continent’s market integration agenda.
Legislation hampers 2.5tr Euros global factoring deals In Nigeria
Peter Mulroy is the Secretary-General of The Netherlands-based FCI (previously Factors Chain International). FCI, representing the interests of the global open...
We are hopeful of a new leader, says Obasanjo
From faraway East Asian country of Indonesia, former President Olusegun Obasanjo, last night, said President, Muhammadu Buhari would be ousted in the 2019 election...
Afreximbank urges economic cooperation to counter trade uncertainties
African Export-Import Bank (Afreximbank), has called for greater cooperation among south economies to deal with the uncertainties resulting from the current global trade environment.
AfDB signs into $1b private sector-led facility
Nigeria may be in for a fresh financing of its infrastructure projects, courtesy of the African Development Bank (AfDB), as the lender signed into a $1 billion Multi-Lateral Development Bank and private sector investors' facility, tagged Room2Run.
AfreximBank calls for quick passage of factoring bill
The quick passage of a bill on factoring in Nigeria, is a crucial step in facilitating the ease of doing business, and procuring the trust of investors in the country, was underscored recently during a public hearing held at the National Assembly in Abuja. Speaking during the Public Hearing on the Factoring Bill, the…