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- A US$8 billion commitment: H.E. Cyril Ramaphosa, President of South Africa and Dr. George Elombi, President and Chairman of Afreximbank at the Country’s accession signing ceremony, marking the launch of a major Country Programme engineered to bolster the South African economy
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South Africa Joins Afreximbank, Announces US$8bn Country Programme
South Africa becomes the 54th state to accede to the Bank’s Establishment Agreement, which constitutes a historic milestone as the two partners seek to unlock trade opportunities within a global financial architecture
The Republic of South Africa has today officially acceded to the Establishment Agreement of the African Export-Import Bank (Afreximbank) (www.Afreximbank.com), Africa’s leading Multilateral Financial Institution, marking the formal entry of one of Africa’s largest economies into the Bank’s membership, heralding deeper financial sovereignty. The accession follows the South African Parliament’s…