Kampala, Uganda | THE INDEPENDENT | Africa’s multi-lateral lender, African Export-Import Bank has unveiled a capacity development program aimed at empowering African corporates to leverage the opportunities offered by the African Continental Free Trade Area (AfCFTA). This initiative, spearheaded by Afreximbank Academy (AFRACAD) in partnership with the AfCFTA Secretariat, is designed …
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Merchants in landlocked countries face the highest container deposit rates, typically around US$5,000 per container, due to extended turnaround times ANALYSIS | ISAAC KHISA | Africa’s multi-lateral lender, the African Export-Import Bank, has forged a partnership with BSMART Technology Ltd to extend the Afreximbank African Collaborative Transit Guarantee Scheme (AACTGS) to …
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Afreximbank and ITC will develop detailed profiles of sectors in both regions to map out promising value chains and identify growth barriers and requirements ANALYSIS | THE INDEPENDENT | Trade between Africa and the Caribbean could soar to $1.8 billion annually by 2028, provided that value addition, trade facilitation, and enhanced …
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ANALYSIS | THE INDEPENDENT | Africa’s multilateral lender, African Export-Import Bank, has entered into a Memorandum of Understanding (MoU) with the Caribbean Export Development Agency (CEDA) to formalise collaboration between the two institutions and provide a platform for exploring joint activities to support trade and investment flows between Africa and the …
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Kampala, Uganda | THE INDEPENDENT | Afreximbank and the Africa Centers for Disease Control and Prevention have announced a new cooperation agreement at the Global Forum for Vaccine Sovereignty and Innovation in Paris, France. Under this partnership, Afreximbank has committed a $2 billion facility to the “Africa Health Security Investment Plan,” …
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Cairo, Egypt | THE INDEPENDENT | The Africa Energy Bank is finally ready for implementation, following the signing of the Establishment Agreement between the Pan-African Bank, Afrexim, and the oil-producing countries of the continent. The agreement between the Africa Petroleum Producers’ Organization (APPO) and the Africa Import and Export Bank (Afreximbank) …
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Kampala, Uganda | THE INDEPENDENT | African Export-Import Bank (Afreximbank) and its subsidiaries have reported a 31.73% increase in income to US$393.4 million for the quarter ending March 31, 2024, driven by significant growth in loans and advances. The Group’s interest income surged by 40.07% to US$721.8 million, as the net …
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The bank also marked its 30th anniversary, celebrating three decades of dedication to financing and fostering trade across Africa Kampala, Uganda | THE INDEPENDENT | Africa’s multilateral lender, African Export-Import Bank has recorded a significant leap in its financial performance for the year ended Dec.31, 2023, with net interest income soaring …
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The Fund is expected to tackle Africa’s $110 billion equity financing gap Kampala, Uganda | THE INDEPENDENT | Pan African multilateral lender, African Export – Import Bank has unveiled its Fund for Export Development in Africa (FEDA) office in Kigali, Rwanda. FEDA was established to tackle Africa’s US$110 billion financing gap …
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Kampala, Uganda | THE INDEPENDENT | African Export-Import Bank has clinched the prestigious “Sustainable Deal of the Year” award for its groundbreaking efforts in establishing the Liquidity and Sustainability Facility (LSF). This recognition, presented by Uxolo Global 2023: Development and Impact Finance and co-hosted by TXF, celebrates Afreximbank’s role in enhancing …
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