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Afreximbank

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    • Image on the left: Mr. Paul Russo, Group Managing Director of KCB; Mr. Mike Ogbalu, CEO of PAPSS; Hon. Lee Kinyanjui, Cabinet Secretary Ministry of Investments, Trade and Industry, during the KCB launch event of PAPSS in Nairobi on 27th of February. Image on the right: Mr. Mike Ogbalu, CEO of PAPSS and Dr. Diane Karusisi, CEO of Bank of Kigali, during the Bank of Kigali launch event of PAPSS in Kigali on the 26th of February
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Source: Afreximbank |

KCB Group and Bank of Kigali launch Pan-African Payment and Settlement System (PAPSS), enabling seamless and affordable cross-border payments across Africa

With this launch, businesses and individuals can benefit from faster, more cost-effective, and secure payments without relying on correspondent banks or third-party currencies

The Pan-African Payment and Settlement System (PAPSS), launched by African Export-Import Bank (Afreximbank) (www.Afreximbank.com) in collaboration with the African Union Commission (AUC) and the African Continental Free Trade Area (AfCFTA) Secretariat, has recorded a significant milestone in its journey towards enhancing financial integration and economic prosperity across Africa with the…

Afreximbank

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    • Kanayo Awani, Executive Vice President, Intra-African Trade and Export Development Bank, Afreximbank shakes hands with Mr. Kaushik Burman, Chief Executive Officer of Spiro after signing heads of terms for US$50 million debt facility
    • Spiro Agrees to US$50 Million Debt Facility with Afreximbank to Accelerate Expansion
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Source: Afreximbank |

Spiro Agrees to US$50 Million Debt Facility with Afreximbank to Accelerate Expansion

This landmark agreement was signed in Kigali, Rwanda during the Africa CEO Forum, highlighting Spiro's commitment to enhancing sustainable transportation on the continent

Spiro, the largest electric vehicle company in Africa, is pleased to announce it has signed heads of terms for US$50 million debt facility with the African Export-Import Bank (Afreximbank) (www.Afreximbank.com).  This landmark agreement was signed in Kigali, Rwanda during the Africa CEO Forum, highlighting Spiro's commitment to enhancing sustainable transportation…

Afreximbank

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    • Right Honourable Dr. Edouard Ngirente, the Prime Minister of the Republic of Rwanda (centre) cuts the ribbon to officially inaugurate the offices of the Fund For Export Development in Africa (FEDA) in Kigali, Rwanda. He was accompanied by President and Chairman of the Board of Directors of Afreximbank, Prof. Benedict Oramah (left), Chief Executive Officer of FEDA, Marlene Ngoyi (left), the Executive Vice Presidents of Afreximbank and members of the Board of Directors of FEDA
    • Right Honourable Dr. Edouard Ngirente, the Prime Minister of the Republic of Rwanda (left) and President and Chairman of the Board of Directors of Afreximbank, Prof. Benedict Oramah applaud after the Premier officially inaugurated the Fund For Export Development in Africa (FEDA) offices in Kigali, Rwanda. They were accompanied by Chief Executive Officer of FEDA, Marlene Ngoyi (left), the Executive Vice Presidents of Afreximbank and members of the Board of Directors of FEDA at the event
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Source: Afreximbank |

Afreximbank’s Fund for Export Development in Africa inaugurates Kigali office with eye on addressing Africa’s $110 billion equity financing shortfall

The inauguration, which took place at the Radisson Blu Hotel and Kigali Convention Centre, was witnessed by over 150 guests drawn from the Rwandan government, the business and diplomatic community

The African Export – Import Bank (Afreximbank) (www.Afreximbank.com) has officially unveiled its Fund for Export Development in Africa (FEDA) office in Kigali, Rwanda. FEDA was established to tackle Africa’s US$110 billion financing gap for intra-African trade, value-added export development, and industrialisation value chains, with Rwanda being the first among fifteen African…

Afreximbank
Source: Afreximbank |

Inaugural Board Meeting of the African Continental Free Trade Area (AfCFTA) Adjustment Fund Corporation holds in the Republic of Rwanda

The board members deliberated on key issues that will serve as a foundation for the successful operationalisation of the AfCFTA Adjustment Fund

Following the mandate by the African Union (AU) Summit of Heads of State and Government and the AfCFTA Council of Ministers responsible for Trade , Afreximbank (www.Afreximbank.com) and the AfCFTA Secretariat were mandated to establish and operationalise the AfCFTA Adjustment Fund through a General Partnership – the AfCFTA Adjustment Fund…