Afreximbank holds 1st African forum for trade with Caribbean states

Wed, 27 Jul 2022 - 05:11 GMT

Dubbed AfriCaribbean Trade and Investment Forum 2022, the forum will be held under the theme “One People, One Destiny--Uniting and Reimagining Our Future”.

Banque du Caire raises its investment in Afreximbank by $82M

Mon, 20 Jun 2022 - 02:57 GMT

Chairman and CEO of Banque du Caire, Tarek Fayed, emphasized in a statement the importance of this step, as Egypt will become one of the largest shareholders of the Afreximbank, which plays an important role in promoting trade between Africa and the world.

Afreximbank aims to pump $20B to support African trade over 5 years

Thu, 16 Jun 2022 - 03:54 GMT

The bank has pumped $20 billion over the past five years to support African trade.

Egypt spends about $500B in 7 years to achieve its development goals: Sisi

Thu, 16 Jun 2022 - 03:08 GMT

Sisi added during his speech that infrastructure must be developed in Africa to change the face of the African continent.

Egypt able to overcome all challenges thanks to economic reform program: CBE Governor

Thu, 16 Jun 2022 - 02:25 GMT

This came during his speech at the 29th annual meeting of the African export-import bank (Afreximbank) held in the administrative capital in Egypt.

Sisi witnesses launch of 29th annual meetings of Afreximbank in Egypt

Thu, 16 Jun 2022 - 01:00 GMT

The Afreximbank is a pan-African multilateral financial institution concerned with financing and promoting trade within and outside Africa.

Int'l bankers, officials to take part in 29th Afreximbank meetings Wednesday

Tue, 14 Jun 2022 - 10:59 GMT

Themed “Realizing the AfCFTA Potential in the post COVID-19 Era—Leveraging the power of the youth”, the Afreximbank annual meetings will include Advisory Group Meetings and the Annual General Meeting of Shareholders, complemented by seminars and plenaries.

Afreximbank tries to link potential businessmen, investment opportunities in Egypt, Angola

Thu, 31 Mar 2022 - 03:31 GMT

Afreximbank always seeks to get trade and investment parties across Africa to join hands, she added.

Egypt took up 23% of Afreximbank loan portfolio by end of October: Vice chief

Sun, 28 Nov 2021 - 12:00 GMT

He added that out of the $2.7 billion worth of direct financing the bank has approved for Egyptian companies this year, $1.6 billion has been disbursed, while the rest is expected to be disbursed within the next few days.

Afreximbank, AFD in Egypt present visions on post-COVID-19 recovery

Tue, 10 Nov 2020 - 01:54 GMT

The event is part of their shared effort to foster sustainable development as Africa recovers from the COVID-19 pandemic.

Afreximbank provides Egypt’s banking sector with $3.55B to soften COVID-19 repercussions

Thu, 16 Jul 2020 - 12:32 GMT

The Bank has also provided $300 million to the National Bank of Egypt to support activities aimed at expanding intra-African trade.

$2.3bn worth of Afreximbank investments in Egypt, says official

Tue, 06 Aug 2019 - 10:15 GMT

The African Export-Import Bank is investing some 2.3 billion dollars in Egypt, said Global Head of Advisory & Capital Markets of Afreximbank Ibrahim Sagna Tuesday.

Afreximbank announces inking deals worth $27B during Intra-African Trade Fair

Sun, 16 Dec 2018 - 02:28 GMT

The figure exceeds the bank’s target of $25 billion, it said, noting that the signed agreements cover a number of development projects in Tanzania, Zimbabwe, Borkina Faso, Nigeria and Côte d’Ivoire.

7th meeting of African Union Trade Ministries kicks off Dec. 12

Wed, 12 Dec 2018 - 03:15 GMT

Luke clarified that the member countries agreed to liberalize 90 percent of trade movement.

Afreximbank: CFTA starting point of Africa's development

Sun, 09 Dec 2018 - 03:47 GMT

The president of the African Bank for Export and Import (Afreximbank), Benedict Orama, said Sunday he considers the Continental Free Trade Area (CFTA) as the starting point and gateway for Africa's development.

Orascom Investment agrees to borrow $170M from Afreximbank

Wed, 28 Nov 2018 - 12:34 GMT

The board of directors of Orascom Investment Holding approved to obtain a term facility of up to $170 million from the African Export-Import Bank.

Egypt, Afreximbank discuss joint cooperation

Wed, 12 Sep 2018 - 11:47 GMT

Nassar on Wednesday had talks with a delegation from the African Export-Import Bank (Afreximbank) on current projects carried out by the bank in Egypt.

Afreximbank to organize conference to showcase Intra-African Trade Fair

Mon, 28 May 2018 - 04:08 GMT

The meeting will include a press conference and a panel discussion entitled "Towards a Strategy to Deepen Trade Exchange between Egypt and Africa."

Afreximbank taps Islamic finance to support Africa trade

Tue, 09 Jan 2018 - 10:16 GMT

Cairo-based Afreximbank obtained a $100 million financing from the Islamic Corp for the Development of the Private Sector.

Afreximbank targets intra African trade to be $250B by 2021

Tue, 19 Dec 2017 - 07:00 GMT

Afreximbank has an ambitious plan to raise Intra-African trade to $250 billion by 2021from the current value which stands at $170 billion.