Afreximbank, AfDB Propose $.5m To 20 Factoring Firms   Emerging factoring companies in the continent would have increased financing opportunities with a new $500,000 grant scheme pioneered by Africa’s two major multilateral lenders. The African Export-Import Bank (Afreximbank) would now tap into the African Private Sector Assistance...

Afreximbank Okays $17bn Loans For Nigeria The African Export-Import Bank has said it approved $17bn loans for Nigerian entities between its commencement of operations in 1994 and December last year. The President, Afreximbank, Dr. Benedict Oramah, was quoted in a statement to have said this during...

Region Industrialisation: Afreximbank, Others To Mobilise $1bn   The African Export-Import Bank (Afreximbank), Finance Center for South-South Cooperation (FCSSC) and Made-in-Africa Initiative (MIAI) have kicked off a joint effort to mobilise $1billion in equity fund. The move is aimed at channelling foreign direct investment from developing (South)...

To Enhance African Trade, Afreximbank Urges Infrastructure Upgrade   Africa must urgently upgrade its maritime and logistic infrastructure in order to successfully promote the continent’s trade, especially intra-African trade, the African Export-Import Bank (Afreximbank), has said. In an address at the Africa Shipowners Summit in Seychelles recently,...

Afreximbank Seeks $200m Equity With 67m Shares Listing On NSE The Africa Export-Import Bank has announced plans to list 67 million shares (depository receipts) on the Nigerian Stock Exchange (NSE) and raise $200 million in third quarter of this year. The Cairo-based lender said its...

The sum of $400 million has been pledged by African Export-Import Bank (Afreximbank) to finance and promote trade between African countries and Belarus. A statement by Afreximbank quoted its President, Dr Benedict Oramah, as announcing the pledge when he met with Belarus officials and bankers...