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…
Afreximbank, AfDB offer $.5m to 20 factoring firms
Emerging factoring companies in the continent would have increased financing opportunities with a new $500,000 grant scheme pioneered by Africa’s two major multilateral lenders. The African Export-Import Bank (Afreximbank) would now tap into the African Private Sector Assistance (FAPA) programme of the African Development Bank (AfDB) to provide the grant. The scheme, which would advance…
Export diversification, manufacturing key under AfCFTA regime, says report
The African Export-Import Bank (Afreximbank) has advocated the removal of trade barriers and promotion of technology-intensive manufactured goods as part of efforts to drive intra-African trade under the African Continental Free Trade Area Agreement (AfCFTA) regime. According to a new trade report, titled ‘Boosting intra-African trade: Implications of the African Continental Free Trade Area Agreement’…
Eliminating import duties will boost intra-African trade by 53 per cent
The President of the African Export-Import Bank (Afreximbank), Dr. Benedict Oramah has said that the African Continental Free Trade Agreement (AFCFTA) has the potential...
How Nigeria, others shared Afreximbank’s $65b syndications
After 25 years of operations that kicked off in Abuja, the African Export-Import Bank (Afreximbank) said it has mobilised no fewer than $65 billion worth of loan syndications for trade financing and the development of the continent’s economies.
Obasanjo rejects front-row seat at Afreximbank meeting in Abuja
Former President Olusegun Obasanjo caused a stir at the on-going African Export and Import Bank (Afreximbank) Annual Meeting in Abuja.
Obasanjo causes a stir at Afreximbank annual meeting in Abuja
Former President Olusegun Obasanjo caused a stir at the on-going African Export and Import Bank (Afreximbank) Annual Meeting in Abuja. He chose to sit among the participants instead of a front row seat reserved for him among the dignitaries, at the Congress Hall of Transcorp Hilton. No one knew the reason for Obasanjo’s action and…
‘Political infrastructure projects fuelling Africa’s $170 billion financing gap’
Experts have said that Nigeria and the rest of Africa may continue in the rhetoric of “growth potential” if they do not invest in strategic infrastructure needed to drive trade and the long-sought financing for economic integration.
Intra-African trade gets $1 billion push
The African Export-Import Bank (Afreximbank) and the Export Credit Insurance Corporation of South Africa SOC Limited (ECIC), yesterday, Johannesburg, unveiled a $1billion financing programme to promote and expand trade and investments between the country and the rest of Africa.