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Afreximbank

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    • (From left to right) Dr. George Elombi, Executive Vice President (Governance, Legal & Corporate Services) of Afreximbank and Mr. Wencai Zhang, Vice President of CEXIM, signing the agreement. Supporting are Prof. Oramah Afreximbank President and Chairman and Mr. Shengjun Ren, President of CEXIM
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Source: Afreximbank |

The African Export-Import Bank (Afreximbank) and the Export-Import Bank of China (CEXIM) sign US$600 million loan to fund loans and trade finance transactions

The two sides agreed to take the signing of this agreement as an opportunity to strengthen cooperation in various areas

On October 17, in the presence of Shengjun Ren, President of CEXIM and Prof. Benedict Oramah, Afreximbank President and Chairman of the Board of Directors (https://www.Afreximbank.com/) at the CEXIM Headquarters in Beijing, Mr. Wencai Zhang, Vice President of CEXIM, and Dr. George Elombi, Executive Vice President of Afreximbank signed the…

Afreximbank
Source: Afreximbank |

Afreximbank and China Development Bank sign US$400-million loan to support African small and medium-sized enterprises (SMEs)

Speaking after the signing, Prof. Oramah pointed out that African SMEs continue to struggle to access adequate and affordable financing for growing their businesses

The China Development Bank (CDB) today in Cairo signed a development-focused agreement to provide the African Export-Import Bank (Afreximbank) (www.Afreximbank.com) with a US$400-million term loan facility to support the financing of small and medium-sized enterprises (SMEs) across Africa. The agreement, signed by Mr. Tan Jiong, President of CDB, and Prof.…