Tag: Afreximbank

Afreximbank to Host 2024 Trade Finance Seminar and Factoring Workshop in Windhoek, Namibia

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The event will address critical trade finance trends, tools and offer training in innovative strategies to bolster Africa’s trade ecosystem African bankers, financiers, legal practitioners, insurers, and professionals from regulatory agencies and corporates, from across the African continent involved in trade finance will gather in Windhoek, Namibia, from 5 to 8 November for the annual Afreximbank Trade Finance Seminar (ATFS) and Factoring Workshop (https://ATFS2024.AfreximbankEvents.com). The event will address critical trade finance trends, tools and offer training in innovative strategies to bolster Africa’s trade ecosystem. Mr. Titus Ndove, Executive Director, Ministry of…

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ARISE IIP Raises $443 Million to Accelerate Industrialization in Africa

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Industrial park developer ARISE Integrated Industrial Platforms (ARISE IIP) announced on Thursday a major fundraising of $443 million, marking a significant milestone in its efforts to boost industrialization across the African continent. This capital injection comes from two key players in African development financing. The Fund for Export Development in Africa (FEDA), a subsidiary of Afreximbank, invested $300 million, securing a significant stake in ARISE IIP. Africa Finance Corporation (AFC) complemented this funding with an additional $143 million. Gagan Gupta, founder and CEO of ARISE IIP, hailed this partnership as…

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Afreximbank and Government of São Tomé and Príncipe to host Investment Forum aimed at promoting investment and enhancing trade

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The event will facilitate B2B engagements, present joint ventures, offer public-private-partnerships and allow for private sector business deals to be concluded With an eye on promoting trade, investment and financing opportunities in São Tomé and Príncipe, African Export-Import Bank (Afreximbank) (www.Afreximbank.com), in partnership with the Government and the Promotion, Commerce and Investment Agency (APCI) of São Tomé and Príncipe are hosting the “São Tomé and Príncipe Investment Forum.” The forum is expected to attract about 150 participants and will feature key investment opportunities and projects across the country.   Scheduled for September…

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Intra-African Trade: Afreximbank Compliance Forum Announced in Dakar for September

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The African Export-Import Bank (Afreximbank) and the Inter-Governmental Action Group against Money Laundering in West Africa (GIABA) are preparing to organize a major event aimed at improving compliance practices in African trade. Under the theme: “Better Compliance – Better Trade: The Implications of New FATF Requirements on Ultimate Beneficial Owner Identification and Their Impact on Trade“, this International Compliance Forum will be held from September 4 to 6, 2024 in Dakar, Senegal. The high-level event will address crucial topics for the development of trade in Africa, including: Financial Action Task…

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Afreximbank to double intra-African trade financing to $40 billion by 2026

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Afreximbank had been a champion in facilitating intra-African trade since its founding and that it had committed US$1 billion to support the funding of the AfCFTA Adjustment Fund African Export-Import Bank (Afreximbank) (www.Afreximbank.com) plans to double its financing of intra-African trade from US$20 billion in 2021 to US$40 billion by 2026, Mr. Haytham ElMaayergi, Afreximbank’s Executive Vice President, Global Trade Bank, has said.   Mr. ElMaayergi was addressing participants and guests in Abuja at the African Caucus Meeting of the World Bank Group and the International Monetary Fund (IMF), from August…

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Afreximbank Academy to host training programme to assist African Corporates to benefit from the African Continental Free Trade Area (AfCFTA)

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Scheduled to run from 9 to 13 September 2024 in Cairo, Egypt, the training programme which will be delivered in collaboration with the American University in Cairo and the AfCFTA Secretariat will focus on the business implications of AfCFTA African Export-Import Bank (“Afreximbank”) (www.Afreximbank.com) is pleased to announce the launch of an innovative capacity development program designed to empower African corporates to capitalise on the opportunities presented by the African Continental Free Trade Area (AfCFTA). This initiative, spearheaded by Afreximbank Academy (AFRACAD) in collaboration with the AfCFTA Secretariat, aims to…

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Trade between Africa and the Caribbean could reach US$1.8 billion by 2028

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According to a joint study by the International Trade Centre (ITC) and the African Export-Import Bank (Afreximbank), annual trade between Africa and the Caribbean could reach US$1.8 billion by 2028, more than double its current value. This promising growth is conditional on the implementation of key measures such as reducing tariffs, improving logistics and promoting the processing of local value-added products. The study, conducted as part of the “Strengthening Afro-Caribbean Trade and Investment” project, highlights the immense opportunities that exist between the two regions, underlining that current trade accounts for…

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Afreximbank and the World Trade Organization (WTO) Secretariat harmonize efforts to develop trade in Africa

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The MOU will afford the Bank and the WTO Secretariat the opportunity to expand and deepen their collaboration to support the cotton sector beyond the C4+ countries Today, African Export-Import Bank (Afreximbank or “the Bank”) (www.Afreximbank.com) signed a Memorandum of Understanding (MoU) with the World Trade Organization (WTO) to amplify the impact of their strategically aligned joint efforts of promoting global trade leveraging Africa’s unique resource endowment. The MoU will allow the two organizations to pursue a collaborative framework for harmonizing and coordinating their efforts towards deepening key trade development…

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AFREXIMBANK GRANTS A $100 MILLION CREDIT TO BOOST TRADE FLOWS TO AND FROM THE DRC

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Afreximbank Accorde un Crédit Commercial de 100 Millions de Dollars à Rawbank en RDC

The African Export-Import Bank (Afreximbank) has signed a landmark agreement for a US$100-million trade finance facility with Rawbank, a leading commercial bank in the Democratic Republic of Congo (DRC). This significant deal aims to enhance trade flows into and out of the DRC, providing much-needed support for the country’s economic development. This facility, the largest trade finance agreement ever extended by Afreximbank to a commercial bank in the DRC, is expected to alleviate pressure on the country’s balance of payments. The facility utilizes the trade finance instruments offered by the…

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African Trade – The Report ‘A Resilient Africa: Delivering Growth in a Turbulent World,’ forecasts 3.8% growth in 2024 for African economies

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Afreximbank, the African Export-Import Bank, launched on the 13th of june its African Trade Report 2024 and African Trade and Economic Outlook Report 2024 during the Afreximbank Annual Meetings (AAM) 2024 in Nassau, The Bahamas.   Titled ‘A Resilient Africa: Delivering Growth in a Turbulent World,’ the report provides an analysis of the economic environment, trade patterns, debt scenarios, and future projections for African economies. According to the report,  African economies will grow on average by 3.8% in 2024 – slightly ahead of predicted global growth of 3.2% – prior…

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