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Afreximbank
Source: Afreximbank |

Malawi Accedes to the Establishment Agreement for Afreximbank’s Fund for Export Development in Africa (FEDA)

This key milestone reflects the Fund's growing support across Africa, bringing the total number of participating countries in FEDA to eighteen

The Fund for Export Development in Africa (FEDA), the development impact investment arm of African Export-Import Bank (Afreximbank) (www.Afreximbank.com), has announced the Republic of Malawi’s accession to the FEDA Establishment Agreement. This key milestone reflects the Fund's growing support across Africa, bringing the total number of participating countries in FEDA…

Afreximbank
Source: Afreximbank |

Afreximbank announces aim to double Creative Africa Nexus (CANEX) funding to $2 billion to boost Africa’s creative economy

Afreximbank has seen a significant increase in opportunities within industries from film production and music to fashion manufacturing and sports

President and Chairman of the Board of Directors of Afreximbank (www.AfreximBank.com), Professor Benedict Oramah, has announced that Afreximbank will increase its funding to the Creative Africa Nexus (CANEX) programme from $1 billion to $2 billion for the next three years. The announcement was made during the CANEX WKND 2024 opening…

Afreximbank

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    • Professor Benedict Oramah, President and Chairman of the Board of Directors of Afreximbank exchanges partnership agreement documents with Honourable Dr. Garry Conille, Prime Minister of the Republic of Haiti (third right). The two leaders were accompanied by senior officials from Afreximbank and the government of Haiti
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Source: Afreximbank |

Haiti becomes 12th Caribbean Community (CARICOM) member state to accede to the Afreximbank Partnership Agreement

With Haiti’s signature, 12 of the 15 CARICOM member states have now acceded to the Partnership Agreement, with nine of them concluding its ratification

Haiti has become the 12th Caribbean Community (CARICOM) member state to accede the partnership agreement between and among CARICOM countries and African Export-Import Bank (Afreximbank) (www.Afreximbank.com).  During a ceremony on September 25 at the Haitian Investment Forum, held on the sidelines of the 79th United Nations General Assembly (UNGA) in…

Afreximbank
Source: Afreximbank |

Afreximbank and Câmara de Comércio de Sotavento Partner to Host the 2024 Trade and Business Roadshow in Cape Verde

This landmark event, scheduled for July 29 - 30, 2024, is aimed at diversifying, fostering and supporting the economic growth in Cape Verde

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) and Câmara de Comércio de Sotavento have announced a strategic partnership to host the 2024 Trade and Business Roadshow in Praia, Cape Verde. This landmark event, scheduled for  July 29 - 30, 2024, is aimed at diversifying, fostering and supporting the economic growth in  Cape…

Afreximbank

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    • The Arab Africa Trade Bridges (AATB) Concludes its 4th Board of Governors Meeting with Landmark Agreements to Enhance Arab African Trade and Cooperation
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Source: Afreximbank |

The Arab Africa Trade Bridges (AATB) Concludes its 4th Board of Governors Meeting with Landmark Agreements to Enhance Arab African Trade and Cooperation

Milestone Agreements Forge New Paths in African-Arab Trade Relations

The Arab Africa Trade Bridges (AATB) Program announces the successful conclusion of its 4th Board of Governors (BoG) Meetings, held alongside with the Tunisia Africa Business Meeting (TABM) from 2 July 2024, in Tunis, Tunisia. This event marks a milestone in advancing trade, economic cooperation, and regional integration between Africa…

Afreximbank

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    • Prof. Benedict Oramah, President and Chairman of Board of Directors of Afreximbank stresses a point as International Trade Centre (ITC) Executive Director, Pamela Coke-Hamilton (right) listens. The two leaders spoke in Nassau, the Bahamas as part of the release of preliminary findings of the ITC-Afreximbank ‘Strengthening AfriCaribbean Trade and Investment’ project.
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Source: Afreximbank |

Annual Africa-Caribbean trade could reach $1.8 billion by 2028: International Trade Centre (ITC)-Afreximbank research

The objective of the project is to boost trade and investment in Africa and the Caribbean, and to enhance cooperation between the private sectors of the two regions

Trade between Africa and the Caribbean could rise to $1.8 billion per year by 2028 if value addition, trade facilitation and improved logistics are prioritized, according to new research by the International Trade Centre (ITC) and African Export-Import Bank (Afreximbank) (www.Afreximbank.com).   Current bilateral trade in goods between the two…

Afreximbank

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    • Mr. Reginald Saunders, Acting Permanent Secretary, Ministry for Grand Bahama (seated, left) and Mrs. Kanayo Awani, Executive Vice President, Intra-African Trade and Export Development Bank, Afreximbank (seated, right) sign the agreement to avail a Project Preparation Facility in favour of the of Government of the Commonwealth of The Bahamas to develop and implement an Afro-Caribbean Marketplace. The ceremony was witnessed by The Hon. Philip Edward Davis, K.C., Prime Minister and Minister of Finance, the Commonwealth of The Bahamas (3rd left), Hon. Ginger Moxey, Minister for Grand Bahama (centre) and Prof. Benedict Oramah, President and Chairman of the Board of Directors, Afreximbank (3rd right)
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Source: Afreximbank |

Afreximbank Invests in Project to Rejuvenate AfriCaribbean Trade and Cultural Ties

The project preparation facility of US$ 1.86 million will fund essential pre-development activities that will advance the project to bankability

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has signed an agreement to avail a Project Preparation Facility in favour of the of Government of the Commonwealth of The Bahamas to develop and implement an Afro-Caribbean Marketplace. Once implemented, the Afro-Caribbean Marketplace will comprise 90 outlets dedicated to the sale of authentically African and…

Afreximbank

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    • Mr. Haytham El Maayergi, Executive Vice President of Global Trade Bank with Mr George Chitera, the Deputy Managing Director for FDH Bank Plc
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Source: Afreximbank |

FDH Bank Malawi bags US$15-million Afreximbank loan facility

FDH Bank will deploy the proceeds of the facility to the financing of trade transactions of its clients involved in manufacturing, exports and imports

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has signed an agreement to provide FDH Bank Plc. Malawi with a US$15-million amortizing term loan facility to support the manufacturing sector, exporters and importers in Malawi. Under the terms of the agreement, signed during the just-concluded Afreximbank Annual Meetings (AAM2024) in Nassau, capital city…

Afreximbank

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    • Mr. Denis Denya, Senior Executive Vice President - Finance, Administration and Banking Services, Afreximbank when he delivered the opening remarks
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Source: Afreximbank |

Afreximbank’s Annual Meetings 2024 Calls for Africans Across the Globe to Unite

The three-day event is taking place in The Bahamas jointly with the 3rd AfriCaribbean Trade and Investment Forum (ACTIF)

Heads of State, Ministers, government officials, and renowned captains of industry were among the over two thousand delegates attending day one of the 31st African Export-Import Bank (Afreximbank) Annual Meetings (AAM) (www.Afreximbank.com) being held in Nassau, The Bahamas from June 12-15. Themed “Owning our Destiny: Economic Prosperity on the Platform…

Afreximbank

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    • Left – Right: Dr. Roger W. Ferguson, Former Vice Chair Federal Reserve, USA, Dr. Yemi Kale, Afreximbank’s Group Chief Economist and Managing Director of Research and International Cooperation, H.E. Monique Nsanzabaganwa, Deputy Chairperson, African Union Commission and Prof. Benedict Oramah, President and Chairman of Board of Directors, Afreximbank hold copies of the African Trade Report 2024 and African Trade and Economic Outlook Report 2024 during the launch of the two reports
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Source: Afreximbank |

Afreximbank Launches 2024 African Trade Report and African Trade and Economic Outlook Report at Afreximbank Annual Meetings (AAM) 2024

The Report, titled ‘A Resilient Africa: Delivering Growth in a Turbulent World,’ provides an analysis of the economic environment, trade patterns, debt scenarios, and future projections for African economies

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) today launched its African Trade Report 2024 and African Trade and Economic Outlook Report 2024 at the Afreximbank Annual Meetings (AAM) 2024 in Nassau, The Bahamas. The latter report forecasts that African economies will grow on average by 3.8% in 2024 - slightly ahead of…