News articles

Afreximbank Delivers Inaugural MANSA Training to Egyptian Banks

The African Export-Import Bank (Afreximbank), in collaboration with the Central Bank of Egypt (CBE) and the Egyptian Banking Institute (EBI), has delivered the first in a series of trainings to Egyptian financial institutions aimed at enhancing their capacity in using the MANSA Repository Platform. The MANSA Repository Platform, which was launched by Afreximbank in Abuja

Mota-Engil Secures EUR100 Million Afreximbank Facility to Support Economic Integration Projects

Cairo, 18 April 2019: – The African Export-Import Bank (Afreximbank) has announced the disbursement of an EUR100 million revolving global credit facility to Mota-Engil Engenharia e Construçáo África, S.A. (Mota-Engil Africa) to support the company to implement key developmental projects in Africa. Such projects include the construction of trade-carrying and trade-supporting infrastructure required for the

Afreximbank Creating Digital Ecosystem to Ease Trade Finance Flows, Says President

[caption id="attachment_19587" align="aligncenter" width="418"] Afreximbank President Prof. Benedict Oramah delivering address at IGD Frontier 100 Forum in Washington, D.C.[/caption] Washington D.C., 15 April 2019: – The African Export-Import Bank (Afreximbank) is working, with the support of African Union (AU), to create a digital ecosystem that will eliminate the major bottlenecks to trade finance flows within

Afreximbank President Meets African Leaders at World Bank-IMF Meetings

[caption id="attachment_19576" align="aligncenter" width="420"] Afreximbank President, Prof. Benedict Oramah (L) presents Samuel Tweah, Minister of Finance of Liberia, with a gift during their meeting in Washington DC.[/caption] The President of the African Export-Import Bank (Afreximbank), Prof. Benedict Oramah, in Washington D.C. at the head of a Bank delegation to the 2019 World Bank-IMF Spring Meetings,

2019 Programme for Certificate of Finance in International Trade Takes Off

Cairo, 12 April 2019: – A cohort of 11 African trade finance practitioners have embarked on the 2019 version of the Certificate of Finance in International Trade (COFIT) offered by the African Export-Import Bank (Afreximbank) in collaboration with the FCI+IFG Union and the University of Malta. The 2019 COFIT cohort will be the fourth for

Afreximbank President Prof. Benedict Oramah (left) with Adnan Yıldırım, CEO, Turk Eximbank, during their meeting in Marrakesh.

Afreximbank President Meets Turk Eximbank CEO

Prof. Benedict Oramah, President of the African Export-Import Bank (Afreximbank), on 5 April 2019 in Marrakesh, Moroco, met with Adnan Yıldırım, Chief Executive Officer (CEO) of the Export Credit Bank of Turkey (Turk Eximbank), to explore opportunities for collaboration between the two institutions. Speaking during the meeting, Prof. Oramah said that Afreximbank was seeing a

Afreximbank Dr. George Elombi (left) presents document conveying the Bank’s donations to Chris Mapanga, Ambassador of Zimbabwe to Egypt

AFREXIMBANK Conveys $1.5-Million Tropical Cyclone Relief Donation to Affected Countries

Cairo, 29 March 2019: – The African Export-Import Bank (Afreximbank) yesterday made good on its donation of $1.5 million in support of the relief effort for victims of Tropical Cyclone Idai, sending a high-level delegation to the embassies of Mozambique, Zimbabwe and Malawi in Cairo to deliver documents formally conveying the donations to the three

Afreximbank Donates $1.5 Million to Support Tropical Cylone Idai Relief Efforts in Mozambique, Zimbabwe and Malawi; Also Plans Deployment of Post-Crisis Interventions

Cairo, 28 March 2019: – The African Export-Import Bank (Afreximbank) has announced the donation of $1.5 million to support the relief effort in aid of the victims of Tropical Cyclone Idai which devastated the southern African countries of Mozambique, Zimbabwe and Malawi recently. Afreximbank President Prof. Benedict Oramah said that the relief package was approved

Uganda’s Minister of State for Tourism Visits Afreximbank

26 March 2018 – A Ugandan delegation led by Kiwanda Ssuubi, the Minister of State for Tourism, visited the headquarters of the African Export-Import Bank (Afreximbank) yesterday to explore opportunities for working with the Bank, particularly in the tourism sector. Mr. Ssuubi said that the delegation wanted to gain an understanding of the Bank’s Construction/Tourism-Linked

Kanayo Awani, Managing Director, Intra-African Trade Initiative, Afreximbank, addressing guests during the conference in Gaborone.

Afreximbank Proffers Factoring to Ease Access to Financing for African SMEs

Cairo, 18 March 2019: – The African Export-Import Bank (Afreximbank) has made the case for factoring as a viable and sustainable solution to address the challenge of access to financing which is hindering the growth of Africa’s small and medium-scale enterprises (SMEs). Kanayo Awani, Managing Director of the Intra-African Trade Initiative at Afreximbank, said on

Afreximbank Prof. Benedict Oramah (right) displays the instrument of accession from Eswatini as he shakes hands with Promise Msibi, Permanent Representative of Eswatini to the African Union and Ambassador to Ethiopia, during the ceremony in Cairo.

Eswatini Joins Afreximbank as 51st Participating State

Cairo, 06 March 2019: – The Kingdom of Eswatini today in Cairo deposited the instrument of its accession to the 1993 Agreement for the Establishment of the African Export-Import Bank (Afreximbank), making it the 51st African country to become a participating or shareholder state of the continental trade finance institution. The instrument, signed on 25

Afreximbank Appoints Audit Director

Afreximbank Appoints Audit Director

Cairo, 03 March 2019: – The African Export-Import Bank (Afreximbank) has announced the appointment of Abel Osuji as Director of its Internal Audit Department following the upgrade of that function into a full department. Until the appointment, Mr. Osuji had, since 2010, served as Senior Manager heading the internal audit function of the Bank which

Afreximbank President Prof Benedit Oramah (L) receives gift from Olavo Avelino Garcia Correia Vice Prime Minister and Minister of Finance of Cape Verde.

Afreximbank President Welcomes Cape Verde Vice Prime Minister

Cairo 28 Feb. 2019 – The President of the African Export-Import Bank (Afreximbank), Prof. Benedict Oramah, yesterday in Cairo received Olavo Avelino Garcia Correia, Vice Prime Minister and Minister of Finance of Cape Verde, who visited the Bank’s headquarters on a courtesy call. Speaking during the meeting, Mr. Correia said that Cape Verde intended to

Afreximbank Opens Registration for 2019 Annual Meetings

Cairo, 28 February 2019: – Registration for the 2019 Annual Meetings of the African Export-Import Bank (Afreximbank), which will be held in Moscow, has opened, according to information released today by the Bank. Afreximbank announced in Cairo that intending participants for the meetings, dubbed AAM2019, could register by visiting the Annual Meetings website at: http://2019.afreximbankevents.com/.

Afreximbank Names Maureen Mba Director for Compliance

Afreximbank Names Maureen Mba Director for Compliance

Cairo, 26 Feb. 2019: – The African Export-Import Bank (Afreximbank) has upgraded its compliance function to a full department, naming long-serving banker Maureen Mba as Director. Until her appointment, Ms. Mba was Associate Director in charge of the Compliance Unit, as it then was, having assumed that position in 2017. Prior to that, she served

Afreximbank President Prof. Benedict Oramah (R) and Lt. Gen. Abdel Moneim Eltarass, Chairman, Arab Organization for Industrialization (AOI), signing the memorandum of understanding at the AOI headquarters in Cairo.

Afreximbank signs MoU with The Arab Organisation for Industrialization

Cairo, 26 Feb. 2019 – Afreximbank President Prof. Benedict Oramah (R) and Lt. Gen. Abdel Moneim Eltarass, Chairman, Arab Organization for Industrialization (AOI), signing the memorandum of understanding at the AOI headquarters in Cairo. Afreximbank President Prof. Benedict Oramah (centre), flanked by other members of the Afreximbank delegation, makes a point at the signing ceremony.

Olaleye Babatunde Heads Afreximbank’s IT Department

Olaleye Babatunde Heads Afreximbank’s IT Department

Cairo, 25 Feb. 2019: – The African Export-Import Bank (Afreximbank) has named Olaleye Babatunde as director of its Information Technology Department, following an upgrade of the function from its former unit status. Mr. Babatunde had headed the Information Technology Unit as a Senior Manager, starting in February 2014 when he joined the Bank. Prior to

Russian ambassador visits Afreximbank

Russian Ambassador visits Afreximbank

Cairo, 14 Feb. 2019:- Afreximbank President Prof. Benedict Oramah yesterday in Cairo received Serge Kirpichenko, the Ambassador of the Russian Federation to Egypt, who visited the Bank’s headquarters on a courtesy call. Amb. Kirpichenko told the President that he was at the Bank to deliver some messages from Moscow and to discuss ways of strengthening