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Afreximbank
Source: Afreximbank |

Afreximbank announces US$1.1-million donation to aid Hurricane Melissa recovery efforts in Jamaica and Haiti

Afreximbank will continue to work with Caribbean governments, through the Bank’s CARICOM Office based in Barbados, to explore long-term financing solutions that strengthen resilience, restore livelihoods, and reinforce critical infrastructure

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has announced a donation of US$1.1 million to the governments of Jamaica and Haiti to support their recovery efforts following the devastation caused by Hurricane Melissa in October. Hurricane Melissa, which passed through the northern Caribbean, unleashed unprecedented devastation on a number of countries in…

Afreximbank

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    • Afreximbank and Forum for Agricultural Research in Africa (FARA) Announce Inaugural Afreximbank-FARA Research, Innovation and Competence in Agriculture (AFRICA) Awards Winners at the 31st Afreximbank Annual Meetings (AAM2024) and the 3rd AfriCaribbean Trade and Investment Forum (ACTIF2024)
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Source: Afreximbank |

Afreximbank and Forum for Agricultural Research in Africa (FARA) Announce Inaugural Afreximbank-FARA Research, Innovation and Competence in Agriculture (AFRICA) Awards Winners at the 31st Afreximbank Annual Meetings (AAM2024) and the 3rd AfriCaribbean Trade and Investment Forum (ACTIF2024)

The AFRICA Awards selection process is overseen by an Independent Awards Selection Committee composed of globally recognised experts

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) and the Forum for Agricultural Research in Africa (FARA) are pleased to announce winners of the inaugural Afreximbank-FARA Research, Innovation and Competence in Agriculture (AFRICA) Awards. These prestigious awards honour individuals, groups, or established organisations that have made outstanding contributions towards improving food and nutritional…

Afreximbank

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    • Dr. Stephen Teang, Managing Director for BSMART Technology Ltd. exchanges the signed facility agreement file with Mrs. Kanayo Awani, Executive Vice President, Afreximbank. Looking on is the Bank's Manager, Client Relations East Africa, Ms. Farida Kasujja and Senior Manager, Legal, Joseph Ifebunandu
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Source: Afreximbank |

Afreximbank and BSMART Technology Ltd expand the Afreximbank African Collaborative Transit Guarantee Scheme (AACTGS) to cover container deposits and customs bonds in East Africa

The container guarantee facility covers payments, on behalf of container users, for all their obligations to shipping companies in connection with the containers, including damage, and total loss

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has signed a facility agreement with BSMART Technology Ltd expanding the Afreximbank African Collaborative Transit Guarantee Scheme (AACTGS) to cover the issuance of container deposit guarantees and customs bonds in the East African Community (EAC) region. Under the terms of the agreement, signed at the…

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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    • Ms. Yu Wen
    • Mrs. Lydia Shehu Jafiya
    • Mr. Noël Mekulu Mvondo Akame
    • Mr. Amadou Hott
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Source: Afreximbank |

Afreximbank announces Board changes and increase in authorized capital

Mrs. Lydia Shehu Jafiya was elected to replace Mr. Aliyu Ahmed

African Export-Import Bank (“Afreximbank” or the “Bank”) (www.Afreximbank.com) is pleased to announce the following Board changes which took place at the Bank’s 31st Annual General Meeting held recently in Nassau, The Bahamas, Board Changes Class “A” Mrs. Lydia Shehu Jafiya was elected to replace Mr. Aliyu Ahmed. Mrs. Jafiya is…

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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    • Mrs. Ann Marie Davis, the First Lady of The Commonwealth of The Bahamas (sixth left), Mrs. Charlene Gibson, the Business and Operations Manager for the Bahamas Children’s Emergency Hostel (holding dummy cheque) and Mrs. Chinelo Oramah, Matron of Afreximbank spouse Network (4th back right) with some of the benefiting children during the event
    • The Afreximbank Spouse Network (AfSNET) donates USD 100,000 to local charities in Nassau, Bahamas
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Source: Afreximbank |

The Afreximbank Spouse Network (AfSNET) donates USD 100,000 to local charities in Nassau, Bahamas

AfSNET's Charity event has become an integral part of Afreximbank's Annual Meetings, with various charities receiving support

At a charity event hosted by African Export-Import Bank Spouse Network (AfSNET), in collaboration with the office of the First Lady of The Commonwealth of The Bahamas, AfSNET donated USD 100,000 to two local charity groups, The Salvation Army and Bahamas Children’s Emergency Fund. The event took place on the…

Afreximbank

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    • Ms. Oluranti Doherty, Director of Export Development at Afreximbank (in yellow), and Mr. Leo Naut, Deputy Executive Director and Officer-in-Charge at CEDA (third from left), proudly showcase the signed collaboration MoU following the signing ceremony.
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Source: Afreximbank |

Afreximbank signs collaboration Memorandum of Understanding (MoU) with Caribbean Export Development Agency

The MoU is expected to result in increased trade and investment between Africa and the Caribbean, thereby encouraging mutual economic growth and development

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has entered into a Memorandum of Understanding (MoU) with the Caribbean Export Development Agency (CEDA) to formalise collaboration between the two institutions and provide a platform for exploring joint activities to support trade and investment flows between Africa and the Caribbean, and other collaborations. According…

Afreximbank

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    • Haytham El Maayergi, Executive Vice President, Global Trade Bank, Afreximbank (left) and Mrs. Smangele Mandidi, Acting Managing Director of CBZ Bank during the signing ceremony (1)
    • Haytham El Maayergi, Executive Vice President, Global Trade Bank, Afreximbank (left) and Mrs. Smangele Mandidi, Acting Managing Director of CBZ Bank during the signing ceremony (2)
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Source: Afreximbank |

Afreximbank signs two deals totaling US$80 million for Zimbabwe’s CBZ Bank

The line of credit facility will strengthen financial intermediaries’ capacity to support SMEs through financing product and capacity building

In two deals signed at the recently concluded Afreximbank Annual Meetings, African Export-Import Bank (Afreximbank) (www.Afreximbank.com) is providing a US$60 million line of credit and a US$20 million Afreximbank Trade Facilitation Programme (AFTRAF) facility to CBZ Bank Limited, Zimbabwe’s largest bank. The line of credit facility will strengthen financial intermediaries’…

Afreximbank

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    • Peter Mulroy, former FCI Secretary General (fourth from left), and Mrs. Kanayo Awani, Executive Vice President of Intra-African Trade & Export Development Bank at Afreximbank and Executive Committee Member of FCI (fifth from left), with panelists and attendees at the Factoring and Receivables Finance Roundtable in The Bahamas
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Source: Afreximbank |

Afreximbank takes Factoring and Receivables Finance discussion to its Annual Meetings in Nassau, The Bahamas

The Roundtable offered a sense of hope and optimism for the future of factoring in the CARICOM where the potential market volume is estimated between €7 billion and €10 billion

The second day of African Export-Import Bank’s (Afreximbank) (www.Afreximbank.com) Annual Meetings (AAM 2024) that took place in The Bahamas from June 12 - 15 featured a highly informative Roundtable focusing on Factoring and Receivables Finance. This Roundtable brought together industry leaders, experts and stakeholders from Africa, the Caribbean Community (CARICOM)…