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Afreximbank
Source: Afreximbank |

Prosper Africa and Afreximbank Announce New Partnership to Mobilize Trade Opportunities between the United States (U.S.) and Africa

The MoU outlines several key areas of collaboration, including, capital access facilitation, technical and transaction advisory support for creative deals, SME development for agribusiness and textiles, Creative Africa Nexus, and strategic event collaboration

Prosper Africa and African Export-Import Bank (Afreximbank) (www.Afreximbank.com) have signed a new Memorandum of Understanding (MoU) to boost trade and investment between the United States and Africa in key sectors. This strategic partnership aims to leverage the unique strengths of both organizations to mobilize trade opportunities and investment capital, with…

Afreximbank
Source: Afreximbank |

State of Libya joins Afreximbank membership agreement to boost African trade and Development Cooperation

Joining the Bank’s membership paves the way for the ratification of the Establishment Agreement to complete the accession procedures

The State of Libya has officially acceded to African Export-Import Bank (Afreximbank) Establishment Agreement (www.Afreximbank.com), becoming the 53rd nation to become a member / participating state and marking an important step towards full continental coverage and advancement of the continental integration agenda through trade and investments. The accession document, signed…

Afreximbank

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    • Mr. Zitto Alfayo, Head of Project Preparation at Afreximbank (left), and Dr. Dhiren Thakker, CEO of Med Aditus (right), sign the agreement in Kisumu, Kenya. Looking on are Mrs. Kanayo Awani, Executive Vice President, Intra-African Trade and Export Development at Afreximbank, and Prof. Peter Anyang’ Nyong’o, Governor of Kisumu County
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Source: Afreximbank |

Afreximbank partners with Med Aditus to boost local pharmaceutical production of essential medicines in Kenya

Afreximbank’s intervention is part of its ‘Africa Health Security Investment Plan” to support the health product manufacturing ambition of the continent

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) and Kenya-based Med Aditus Pharmaceutical Kenya Limited (Med Aditus) have signed a project preparation facility heads of terms agreement at the margins of the fourth edition of the African Sub-Sovereign Governments Network (AfSNET) Conference in Kisumu City, Kenya. The project preparation facility will be deployed…

Afreximbank
Source: Afreximbank |

Communiqué of the 4th African Sub-Sovereign Governments Network (AfSNET) Conference

African sub-sovereign governments are essential for realising the goals of the AfCFTA by promoting cross-border industrial clusters and trade partnerships that transcend national boundaries

WE, the Network of African Sub-Sovereign Governments, having convened at the 4th African Sub-Sovereign Governments Network (AfSNET) Conference, hosted by the County Government of Kisumu, and jointly organised by African Export-Import Bank (Afreximbank) (www.Afreximbank.com) and the United Cities and Local Governments of Africa (UCLG Africa). HAVING deliberated on the theme…

Afreximbank

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    • H.E. Dr. William Samoei Ruto, President of Kenya (front row, centre) and Prof. Benedict Oramah, President and Chairman of Board of Directors of Afreximbank (4th right, front row) together with leaders of Sub-Sovereign governments from Kenya and other African countries during the 4th AfSNET conference, hosted in Kisumu City, Kenya
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Source: Afreximbank |

African Sub-Sovereign government leaders and businesses meet in Kisumu City, Kenya to discuss inclusive growth, trade decentralization and investment opportunities

Africa’s Sub-Sovereign governments, comprising states, counties, provinces, municipalities and regional authorities, play a critical role in economic development of African countries

Over 250 Sub-Sovereign government leaders from across Africa are today meeting in Kisumu, Kenya, for the the fourth edition of the African Sub-Sovereign Governments Network (AfSNET) Conference. Taking place between the 25th and 27th of November, the event provides a platform for Sub-Sovereign leaders and businesses to discuss how their…

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    • From One Life to a Journey of Many Lives: Afreximbank President Pays Tribute to Professor Ghulam Mufti, OBE
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Source: Afreximbank |

From One Life to a Journey of Many Lives: Afreximbank President Pays Tribute to Professor Ghulam Mufti, OBE

Oramah announced that the first AMCE facility, located in Abuja, Nigeria, is set to open in June 2025 with an investment of $300 million, expanding to $700 million in its second phase

At a Festschrift Conference held in honor of the distinguished Professor Ghulam Mufti, OBE, at the Fetal Medicine Research Institute in London, Professor Benedict O. Oramah, President and Chairman of the Board of Directors of the African Export-Import Bank (Afreximbank) (www.Afreximbank.com), delivered a moving tribute titled “From One Life to a…

Afreximbank
Source: Afreximbank |

The Gambia becomes nineteenth signatory state of the Establishment Agreement of Fund for Export Development in Africa (FEDA)

This milestone follows a wave of recent accessions by other countries, which is driving FEDA’s momentum in broadening its scope of interventions and its mission of delivering long-term capital to African economies

The Republic of The Gambia has acceded the Establishment Agreement of the Fund for Export-Development in Africa (FEDA), the development impact investment arm of African Export-Import Bank (Afreximbank) (www.Afreximbank.com). With this accession, The Gambia becomes FEDA’s nineteenth member, reinforcing its commitment to fostering economic growth and development. This milestone follows a…

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 Investment Conference in Kisumu, Kenya to Strengthen Sub-Sovereign Participation in Intra-African Trade

A key feature of the event will be an exhibition aimed at promoting trade at a local level, to be preceded by an investment promotion training on the first day

In a bid to strengthen the role of Africa’s sub-sovereign governments in driving intra-African trade and investment, and the successful implementation of the African Continental Free Trade Area (AfCFTA), African Export-Import Bank (Afreximbank) (www.Afreximbank.com), in collaboration with the County Government of Kisumu and the United Cities and Local Governments of…

Afreximbank

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    • Mrs. Kanayo Awani, Executive Vice President, Intra Africa Trade and Export Development, Afreximbank (3rd right), Stephen Tio Kauma, Group MD Human Resources, Afreximbank (2nd left), Ody Akhanoba, Senior Manager Export Development, Afreximbank (left), together with the top three creative entrepreneurs who presented their pitches to the Angel Investors
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Source: Afreximbank |

Angel investors commit US$350,000 to creative entrepreneurs at Afreximbank’s CANEX pitch session

The pitch session, dubbed “CANEX Presents the Angels”, featured 12 creative entrepreneurs from 10 African countries who were selected to present their businesses for review with a view to raising capital for growth and expansion

African Export – Import Bank’s (Afreximbank) (www.Afreximbank.com) Angel investors participating in a pitch session at the just-concluded CANEX WKND 2024 in Algiers have committed a total of US$350,000 in investment into the three best pitches presented at the competition. The pitch session, dubbed “CANEX Presents the Angels”, featured 12 creative…