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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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    • Afreximbank delivers exceptional financial results in 2023 amidst a challenging operating environment, results well ahead of expectations
    • Afreximbank delivers exceptional financial results in 2023 amidst a challenging operating environment, results well ahead of expectations (FR)
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Source: Afreximbank |

Afreximbank delivers exceptional financial results in 2023 amidst a challenging operating environment, results well ahead of expectations

Net interest income reached US$1.4 billion at the end of the 2023 financial year, compared to US$910.3 million in 2022

African Export-Import Bank ("Afreximbank" or the "Group") (www.Afreximbank.com) has released the consolidated financial statements of the Bank and its subsidiaries for the year ended 31 December 2023. Largely propelled by the Bank's and its subsidiaries' growth, the Group's results for the financial year ended 31 December 2023 demonstrate a strong and…

Afreximbank
Source: Afreximbank |

Afreximbank issues the first-ever multi-border transit bond in Zambia under the Afreximbank African Collaborative Transit Guarantee Scheme (AATGS)

The US$1 billion Collaborative Guarantee Scheme is expected to accelerate cross-border trade in Africa and save the continent about US$300 million annually in transit costs

Afreximbank (www.Afreximbank.com) announces the historic issuance of the first-ever multi-border transit bond. The US$10 million transit bond issued in favour of Innovate General Insurance (IGI) of Zambia is expected to provide counter guarantees and boost IGI’s capacity to issue bonds to Clearing and Forwarding Agents in Zambia. The Afreximbank African Collaborative Transit…

Afreximbank

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    • Afreximbank leads US$155 million strategic facility to Djibouti Ports and Free Zone Authority
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Source: Afreximbank |

Afreximbank leads US$155 million strategic facility to Djibouti Ports and Free Zone Authority

The deal is targeted at supporting the development of a trade-enabling infrastructure to assist Djibouti in achieving its plan to become a regional trans-shipment and logistics hub

The African Export-Import Bank (Afreximbank) (www.Afreximbank.com) in Nairobi announced the disbursement of a $120-million financing facility to Djibouti’s Great Horn Investment Holding (GHIH) for the execution of a series of development projects in the country’s Damerjog Industrial Development Free Trade Zone. The deal, announced after a meeting between Afreximbank President Prof.…