The head of Afreximbank, Benedict Oramah, announced on Sunday in Accra the creation of the Afrexim Insurance Management Company, an insurance mechanism aimed at "bridging the persistent trade finance and trade-related investment gap" in Africa. President of Afreximbank, who was speaking at an event on the sidelines of the 30th Annual Meeting of the...
The African Export-Import Bank (Afreximbank) and the Organization of African Petroleum Producers (APPO) announced Tuesday the creation of the African Energy Bank, aimed at financing investments in the continent's energy area. "With the aim of increasing private sector investment in oil and gas projects, the bank will...
African countries could benefit from $4 billion recently approved by the African Export-Import Bank (Afreximbank) to deal with the impacts of the Russian-Ukrainian war. "The trade finance program for Africa's adjustment to the Ukraine crisis (UKAFPA) aims to adjust the cost of financing to help countries...
Rand Merchant Bank (RMB), the corporate and investment banking partner of FirstRand Bank Limited - of which FNB Mozambique is also a subsidiary, is the global coordinator and bookrunner of the African Export Import Bank (Afreximbank), with the provision of a 3-year, $1.2 billion term financing...
The Pan African Payment and Settlement System (PAPSS) will benefit from a three billion dollar donation from the enabling intra-African trade in the same currency African Export and Import Bank (Afreximbank). "We have made available three billion dollars in a financial instrument for African central banks, which will thus have the resources to guarantee the...
The African Export-Import Bank (Afreximbank) recently announced that it will inject $6.5 billion into its capital in order to expand its capacity to provide development services to Africa's recently pandemic-stricken economies. "This is a historic moment for the Bank; it represents a great opportunity to deepen the...
The African Export-Import Bank (Afreximbank) hopes to raise $8 billion to offset revenue losses some countries will face due to the free trade agreement on the continent
The African Export-Import Bank (Afreximbank) raised $1.3 billion this week