Latest in Tag: Afreximbank Highlight
Latest in Tag: Afreximbank
Afreximbank launches $6bn development programme to support African countries
Zanamwe added that the finance will be available to all countries, including Egypt.
Afreximbank supports Elsewedy Electric to establish industrial zone in Tanzania
The industrial zone, established by ElSewedy Industrial Development Company, a subsidiary of ElSewedy Electric, will extend over an area of ​​2,200 million square metres. It aims to attract investments worth over $400m from more than 100 investors across the region.
$291.8m injected to develop, digitize Afreximbank: Finance Minister
Public capital in 2021 increased to $2.6bn to deal with global shocks
Afreximbank holds 2022 annual meetings in Egypt’s New Administrative Capital
More than 3,000 high-level banking, governmental, and international personalities attend event
Egypt has become symbol of growth resilience in Africa: Afreximbank
Growth is projected to strengthen in North Africa lifted by impressive performance of Egypt, says report
Banque Misr invests $80.5m in Afreximbank’s capital increase
The investment has made Banque Misr the largest non-sovereign shareholder of Afreximbank. This equity investment is a positive and strategic response to the ongoing general capital increase by Afreximbank. Banque Misr has thereby increased its stake in Afreximbank from 3.1% to 5.8%.
Afreximbank, NBE commit to enhance investment, trade Egypt
New agreement to establish Joint Project Preparation Facility between two institutions
Afreximbank equips Banque du Caire with $200m intra-African finance
Facility is designed to finance Banque du Caire’s expansion across Africa
Afreximbank closes historic $1.3bn bond
Transaction is bank’s largest transaction in debt capital markets to date
Egypt supports Afreximbank’s efforts to facilitate COVID-19 vaccine access in Africa: Finance Minister
Egypt backs African economies in light of pandemic in order to sustain production, says Maait
Intra-African Trade Fair confirms new dates due to COVID-19 vaccinations
New date will allow organisers to take stock of latest safety precautions and allow wider roll-out of COVID-19 vaccines
Opinion| Afreximbank’s role in promoting Africa direct investments
The $2.9bn hydroelectric power project, expected to generate more than 2,000 MW of electricity, was financed solely by African financial institutions and is under implementation by Egyptian construction companies.
Afreximbank, COMESA partner to implement $1bn Continental Transit Guarantee Scheme
It comes after the signed the Instrument of Accession to the Inter-Surety Agreement for the Implementation of the COMESA Regional Customs Transit Guarantee/bond Agreement.
AAAM, Afreximbank sign MoU to boost Africa automotive investment
The African Export-Import Bank (Afreximbank) and the African Association of Automotive Manufacturers (AAAM) have signed a Memorandum of Understanding (MoU) for the financing and promotion of Africa’s automotive industry.
Egypt, Afreximbank discuss strengthening cross-border trade in Africa
Egypt’s Minister of Trade and Industry Nevine Gamea held a digital meeting with President of African Export and Import Bank (Afreximbank) Benedict Oramah
Afreximbank expands Trade Finance Intermediary Initiative
The Trade Finance Intermediary Initiative enables a smoother delivery of Afreximbank’s initiatives and credit solutions.
Afreximbank’s African Commodity Index declines moderately in Q3 of 2020
In comparison, the agricultural commodities sub-index rose to become the top performer in the quarter, outstripping gains in base and precious metals.
Afreximbank, AFD discuss opportunities for sustainable post-COVID-19 recovery
PDBs will gather for first time on 12 November at Paris Finance in Common Summit to design new forms of prosperity that put people, planet first
AFD, AfreximBank sign €150m sustainable, climate finance agreement
The AFD has made a €500,000 grant available as part of the financing programme, with which it will carry out a technical assistance programme supporting the Afreximbank in developing the sustainable finance strategy.Â
Afreximbank approves $400m agreement to spur African agricultural productivity
Three-year revolving global credit facility will strengthen African agricultural networks, bolster continent’s food security
South Sudan seeks $250m Afreximbank loan to cushion COVID-19 impacts
Lily Albino Akol, South Sudan deputy minister of agriculture and food security, said Afreximbank loan will be used to procure necessary supplies
EIB, Afreximbank provide €300m in support to Africa’s COVID-19 response
Over 25% of funds dedicated to women in business and climate action
Afreximbank grants $3.55bn to Egypt banks amid COVID-19 response
Afreximbank elaborated that the $3.55bn support has been provided to the Central Bank of Egypt (CBE) and other Egyptian banks through its Pandemic Trade Impact Mitigation Facility (PATIMFA).
Oramah re-appointed as Afreximbank President
Nalletamby, Wing also re-elected as directors of Class “A” Shareholders and Class “B” Sharefolders, respectively
Afreximbank anticipates raising over $1bn in syndicated loan despite COVID-19
Market’s confidence in bank, despite current uncertainty, was testament to strength of Afreximbank’s investor relationships
Afreximbank cancels 2020 Annual Meeting events due to COVID-19
Shareholders to consider 27th Annual Meeting resolutions by correspondence
IATF 2020 postponed due to COVID-19
IATF 2020 Advisory Council to also postpone third edition of IATF from 2022 to 2023
Afreximbank announces $3bn-facility to cushion impact of COVID-19
Moreover, it will provide emergency trade finance facilities for import of urgent needs to combat the pandemic, including medicine, medical equipment, hospital refitting, etc.
Afreximbank to hold roadshow to help Rwandan businesses tap into AfCFTA
Afreximbank, PSF will showcase opportunities from IATF2020 participation
AOI likely to invest in renewables, desalination projects in Africa with funds from AfDB, Afreximbank: chairperson
The AOI’s investment has doubled in Africa, says Al-Taras