Cabinet approves Egypt's accession to membership of Afreximbank's Fund for Export Development in Africa

Thu, 22 Feb 2024 - 04:34 GMT

The establishment of the fund comes to implement two key axes of the current strategy of the bank, which are export development and manufacturing, and enhancing intra-continental trade.

IATF2023 achieves $43.7B in trade, investment deals: Afreximbank EVP

Tue, 28 Nov 2023 - 02:45 GMT

Awani mentioned during a press conference that the number of visitors to the fair, whether in person or virtual, reached 28,282, with the number of exhibitors totaling 1,939.

Afreximbank signs off on $3B worth of credit facilities to Egyptian companies

Tue, 14 Nov 2023 - 01:06 GMT

The trade director shared that the bank and Hassan Allam Holding signed a $200 million credit facility to support its projects across Africa and the Middle East

Afreximbank President unveils $1B system for cross-border trade at IATF2023

Sun, 12 Nov 2023 - 10:00 GMT

Oramah highlighted that Afreximbank's system, aimed at achieving continental integration and economic prosperity, seeks to enhance competitiveness in cross-border trade.

Afreximbank, CABS ink 3-year trade finance deal at IATF2023

Fri, 10 Nov 2023 - 01:58 GMT

The deal is anticipated to benefit approximately 573 small to medium enterprises over three years, with 75 percent of these businesses being women- and youth-led.

$5B potential investment in Africa’s creative industries: Afreximbank EVP

Thu, 09 Nov 2023 - 02:04 GMT

The announcement of a forthcoming launch of a joint financing fund for African filmmakers, directors, and producers, both within the continent and in diaspora countries, during 2024.

Egypt to host the third edition of Intra-African Trade Fair

Mon, 18 Sep 2023 - 04:47 GMT

The event is expected to attract participation from 75 countries and feature 1,600 exhibitors. It is projected to facilitate trade and investment deals amounting to $43 billion.

Afreximbank establishes main headquarters in Egypt's New Capital

Mon, 04 Sep 2023 - 10:27 GMT

Afreximbank and the Administrative Capital for Urban Development signed on Thursday a contract for the former to purchase a land plant whose surface area is 50,000 square meters.

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.