News & Events
Lagos (Nigeria), 25 September 2016: – The third quarterly meetings of the Board of Directors of the African Export-Import Bank (Afreximbank) ended in Lagos, Nigeria, today with Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), telling the members that the country’s banks remained strong.
Lagos (Nigeria), 25 September 2016: – The African Export-Import Bank (Afreximbank) has appointed of Amr Kamel, formerly Director of Banking Operations, as its new Executive Vice President in charge of Business Development and Corporate Banking, giving him the position occupied Dr. Benedict Oramah until his elevation to the post of President of the Bank in September 2015.
ETHYDCO receives $75 million Afreximbank facility to support expansion of Egypt’s petrochemical sector
Cairo, 23 September 2016: – The African Export-Import Bank (Afreximbank) has granted a $75-million medium-term loan to the Egyptian Ethylene and Derivatives Company (ETHYDCO) to support expansion of Egypt’s petrochemical industry, boost its exports and natural gas processing capacity and equip the sector with better environmentally-friendly infrastructure, the Bank announced today in Cairo.
News & Events
New York, U.S.A. – The Leonard N. Stern School of Business of the New York University recently gave its inaugural Distinguished Alumni Award to Jean Louis Ekra, President of the African Export-Import Bank (Afreximbank), in recognition of his contributions to international trade development.
Washington, D.C. – Attending this year’s meeting of the Leadership Council of the Initiative for Global Development (IGD) in Washington, D.C., Afreximbank President Jean Louis Ekra, on 11 March 2013, joined a group of high-level CEOs for a wide-ranging discussion of Africa’s workforce development needs.
Nigeria seeks Afreximbank financing for agricultural business: Minister sees significant revenue potential in cassava chips export
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Liberian Palm Developments Ltd., the joint venture between Equatorial Palm Oil of the United Kingdom and BioPalm Energy, Ltd., a subsidiary of Singapore-based Siva Group Incorporated, has appointed the African Export-Import Bank (Afreximbank) as advisor to help it secure the $140 million financing facility for its Palm Bay project located near Liberia’s deepwater port of Buchanan.
Nigerian Vice-President Namadi Sambo has urged the African Export-Import Bank (Afreximbank) to support his country’s economic development by enhancing the Bank’s activities, particularly in the areas of agricultural and development financing.
The African Export-Import Bank (Afreximbank) has signed facility agreements to provide almost 55 million Euros to three firms for equipment procurement and to enhance cocoa beans processing capacities as part of the Bank’s programme to support value-additive activities to move Africa away from remaining an exporter of raw produce.
Export Development Canada (EDC) today announced that it has provided a USD 30 million five-year line of credit to the African Export-Import Bank (Afreximbank), the proceeds of which will be used to provide financing to African companies procuring Canadian goods or services.
About 80 senior bankers and officers of financial institutions from countries across Africa have completed a specialized training programme in structured trade finance organized by the African Export-Import Bank (Afreximbank) in Cairo to equip them to deal with risks in financing trade under a difficult politico-economic environment and changing trade counterparties.
To compete with the rest of the world, Africa must resolve its skills gap and overcome its technical limitations, Mona Omar, the Assistant Foreign Minister for African Affairs of Egypt, said in Cairo today.
In pursuit of its mandate to promote and finance trade in Africa, the African Export-Import Bank has began accepting applications from African university students for slots in its internship programme scheduled to run from this December to May 2013.