Afreximbank nets $276m, offers shareholders $69m as dividend
The African Export-Import Bank (Afreximbank), at its yearly general meetings in Moscow, at the weekend, unveiled a $276 million net profit in 2018 financial year, even as shareholderd adopted its proposal of $69 million.....
Afreximbank supports intra-regional trade with $25bn
African Export-Import Bank (Afreximbank) has disbursed eight billion dollars out of the 25 billion dollars it planned...
Afreximbank, Orascom sign $170m facility for pan-African activities
The African Export-Import Bank (Afreximbank) has signed a facility agreement of $170 million with Egypt-based conglomerate, Orascom Investment Holding (OIH), to assist the company’s pan-African expansion activities. The move would now pave way for Orascom Investment to explore business and investment opportunities referred to it by Afreximbank in such countries as Nigeria, Rwanda, Togo, Eretria…
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).
IMF tasks nation on judicious loans’ application for growth
The International Monetary Fund (IMF), yesterday, said Nigeria should accountably deploy loans in wise investments.
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.
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.
Again, FAAC meeting ends in stalemate
The monthly Federation Account Allocation Committee (FAAC) meeting has again ended in a stalemate as federal and state governments rejected the revenue figures submitted...