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Afreximbank
Source: Afreximbank |

Afreximbank successfully prices its inaugural Samurai bonds, raising JPY81.3 billion (about USD 530 million equivalent) comprising JPY 67.2 billion 5 regular tranches and JPY 14.1 billion 3-year Retail Samurai (“The Transaction”)

Afreximbank successfully met its objective of achieving a benchmark transaction size of over JPY 30 billion and maximizing the size in longer tenors (up to 10 years)

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has successfully priced its debut Samurai bond, securing a regular 5 tranche JPY 67.2 billion consisting of 2-year, 3-year, 5-year, 7-year and 10-year fixed rate tranches. Concurrently, the Bank launched its inaugural Retail Samurai bond with a 3-year fixed-rated tranche valued at JPY 14.1 billion.…

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

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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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    • 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
Source: Afreximbank |

Wide-ranging discussions on trade and investment dominate on day five of the Intra-African Trade Fair 2023 (IATF2023)

IATF2023 attendees were also treated to a panel discussion on ‘The role of the AfCFTA in Accelerating the Implementation of African Development Agenda 2063’

Attendees continued to hear wide-ranging discussions and comments on trade and investment issues on the fifth day of the third Intra-African Trade Fair 2023 (IATF2023) in Cairo yesterday. Egypt and Barbados celebrated Country Days by hosting investment forums. In a discussion at the Egypt investment forum, speakers highlighted opportunities for…

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 signs Memorandum of Understanding (MoU) with United Arab Emirates (UAE) Trade Center to promote TRADAR Club

The agreement is expected to facilitate greater interaction by allowing for the sharing of ideas and discussion of common problems for the purpose of improving relationships and cooperation among members

The African Export-Import Bank (Afreximbank) (https://www.Afreximbank.com/) signed an MOU with the United Arab Emirates (UAE) Trade Center, to promote the TRADAR Club solution in the market. The Cooperation Agreement, signed between Afreximbank and the UAE Trade Center on the sidelines of the Intra-African Trade Fair (IATF2023) Press Conference and B2B…

Afreximbank
Source: Afreximbank |

Kenya’s businesses poised for huge pan-African trade growth - empowered by African Continental Free Trade Area (AfCFTA) and Intra-African Trade Fair (IATF2023)

IATF2023 forecast to attract over 1,600 exhibitors, over 35,000 conference delegates and trade visitors from across Africa and beyond, and to result in US$43 billion of trade and investment deals being concluded

Kenya’s positioning as the gateway to the East Africa region, together with the empowering effects of the African Continental Free Trade Area (AfCFTA) and the Intra-African Trade Fair (IATF2023), puts Kenyan businesses in a prime position to benefit from the huge growth opportunities for intra-African trade and investments. At today’s…

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.…

Afreximbank
Source: Afreximbank |

Afreximbank and Development Reimagined Support Access of High-End, Sustainable Made-in-Africa Brands to China

The collaboration with Afreximbank is expected to include follow-up activities over the next six months to cement the sales and partnerships made at CAETE

In continuation of its strategy to assist African businesses in increasing their international presence, the African Export-Import Bank (Afreximbank) (www.Afreximbank.com) and international consultants Development Reimagined (DR) have entered into a partnership to promote the entry and sale of high-end sustainable African brands in China. The partnership which includes a grant from…