By Adedapo Adesanya The African Export-Import Bank (Afreximbank) and the United Bank for Africa (UBA) Plc have signed a $150 million trade finance facility agreement under the Ukraine Crisis Adjustment Trade Financing Programme for Africa. The funding will be utilised to finance trade and trade-related transactions in support of UBA clients to facilitate increased financing… Continue reading Afreximbank, UBA Sign $150m Deal to Finance Trade-related Transactions
Tag: African Export-Import Bank
Afreximbank Floats Insurance Subsidiary AFREXInsure
By Adedapo Adesanya The African Export-Import Bank (Afreximbank) has officially launched its wholly-owned insurance management services subsidiary, AFREXInsure, with a commitment to provide a single-entry point for all speciality insurance needs to assist in optimally managing related risks for the trade and commerce sector in Africa. The launch also witnessed the unveiling of AFREXInsure’s logo… Continue reading Afreximbank Floats Insurance Subsidiary AFREXInsure
The Role of African Export-Import Bank in AU Agenda 2063
By Kestér Kenn Klomegâh At the 12th Extraordinary Summit on Industrialization and Economic Diversification and the Extraordinary Session held in Niamey in late November, the African Export-Import Bank offered an instrumental report about the pace of economic diversification and industrialization across Africa. It was one among several review reports dealing with the present and the… Continue reading The Role of African Export-Import Bank in AU Agenda 2063
African Energy Chamber, Afreximbank Sign MoU to Boost Private Sector Investments
By Adedapo Adesanya The African Energy Chamber (AEC) and the African Export-Import Bank (Afreximbank) have signed a Memorandum of Understanding (MoU) to enhance private sector investments across Africa’s oil and gas industry. This happened at the African Energy Week conference and exhibition – which runs from October 18 – 21 in Cape Town, South Africa.… Continue reading African Energy Chamber, Afreximbank Sign MoU to Boost Private Sector Investments
PAPSS to Help Africa Save $5bn Yearly in Payment Transaction Costs
By Adedapo Adesanya African Export-Import Bank (Afreximbank) and the African Continental Free Trade Area (AfCFTA) Secretariat have announced the commencement of the Pan-African Payment and Settlement System (PAPSS) to facilitate trade across the continent. A brainchild of the African Union (AU), the PAPSS is a financial market infrastructure to enable instant, cross-border payments in local… Continue reading PAPSS to Help Africa Save $5bn Yearly in Payment Transaction Costs
Africa Quality Assurance Centre in Ogun to Begin Operations Q2 2022
By Modupe Gbadeyanka The construction of an Africa Quality Assurance Centre (AQAC) by the African Export-Import Bank (Afreximbank) has commenced in Ogun State, Nigeria. The centre is the first in a series of quality assurance facilities Afreximbank intends to establish across Africa to support industrialisation across the continent by ensuring that products from the continent… Continue reading Africa Quality Assurance Centre in Ogun to Begin Operations Q2 2022
African Export-Import Bank Boosts Ties With Arik Air
By Dipo Olowookere President of the African Export-Import Bank, (Afreximbank), Mr Benedict Oramah, has disclosed that his organisation will continue to support Arik Air, Nigeria’s biggest carrier. Speaking after a facility tour to Arik recently, Mr Oramah noted that the bank has always backed the airline. He said, “We are doing this because of the… Continue reading African Export-Import Bank Boosts Ties With Arik Air