Afreximbank Nets $276m, Offers $69m Dividend To shareholders   The African Export-Import Bank (Afreximbank), at its yearly general meetings in Moscow, at the weekend, unveiled a $276 million net profit in 2018 financial year, even as shareholderd adopted its proposal of $69 million as dividend.Nigeria as...

Afreximbank Campaigns For Intra-African Trade   More calls are coming in support of the African Continental free Trade Area agreement, with one of the most recent calls emanating from the African Export and Import Bank. The Chairman and President, Afreximbank, Benedict Oramah, made the call recently while...

Afreximbank Launches Digital Ecosystem To Capture $60bn Informal Trade African Export–Import Bank (Afreximbank) has said it is creating a digital ecosystem that will eliminate major bottlenecks to trade and financial flows within the continent. According to the bank, when completed, the platforms could triple the share...

Afreximbank, AGF Back SMEs in Africa with $30m The African Export-Import Bank (Afreximbank) has signed an agreement with the African Guarantee Fund (AGF) for a 30 million dollar re-guarantee facility to support African Small and Medium Enterprises (SMEs). The Director, Trade Finance of Afreximbank, Mr Gwen...

In 9months Afreximbank Rakes In $546.6m   The African Export-Import Bank (Afreximbank) has released its unaudited financial statements for the nine months ended September 30, 2018, showing strong financial and operational performance. The Bank recorded gross income of $546.6 million, which was a 14.3 per cent increase...

Afreximbank Highlights Merits Of AfCTA To Intra-African Trade   The African Export-Import Bank (Afreximbank) has reiterated that the African Continental Free Trade Agreement (AfCTA) will boost intra-African trade. The Bank also said the agreement would lead to specialisation among African countries in areas they have comparative advantage. The...