The downgrade has also attracted criticism from the African Peer Review Mechanism (APRM), an arrangement established in 2003 by African Union states to monitor governance performance ANALYSIS | JOHN BASQUILL | The African Export-Import Bank (Afreximbank) has joined a pan-African governance unit in criticising Fitch Ratings’ downgrade to the multilateral development …
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On the payments front, the Pan-African Payments and Settlement System (PAPSS) continues to gain traction, with KCB Group in Kenya and Bank of Kigali in Rwanda integrating the platform ANALYSIS | THE INDEPENDENT | Africa’s multilateral lender, African Export-Import Bank has posted a net income of US$215 million for the first …
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Africa’s film and audiovisual industry generates an estimated $5 billion annually and employs more than 5 million people ANALYSIS | THE INDEPENDENT | Africa’s multilateral lender, African Export-Import Bank, through its impact investment arm—the Fund for Export-Development in Africa (FEDA)—has announced a landmark $1 billion initiative to launch the Africa Film …
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The lender hopes that by processing more of Africa’s crude oil locally, it can help retain value on the continent and reduce exposure to global supply chain disruptions ANALYSIS | ISAAC KHISA | Africa’s multi-lateral lender, the African Export-Import Bank (Afreximbank) has launched a US$3 billion revolving trade finance programme aimed …
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The lender also continued to expand its continental footprint, with Libya and Somalia joining its list of African member states, bringing the total to 54 ANALYSIS | THE INDEPENDENT | Africa’s multilateral lender, Afreximbank, reported a 29% surge in net income to $973.5 million for the full year 2024, defying global …
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These trade facilities are designed to serve as physical and institutional hubs that promote trade facilitation, investment promotion, and capacity building across Africa Abuja, Nigeria | THE INDEPENDENT | Africa’s multilateral lender, African Export-Import Bank, has unveiled plans to establish seven Afreximbank African Trade Centres (AATCs) across the continent in a …
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This is the first regional office outside Africa to facilitate trade with the continent Barbados | THE INDEPENEDENT | African Export-Import Bank, Africa’s leading Multilateral Financial Institution, made history on March 25, when it broke ground on its first-ever state-of-the-art Afreximbank African Trade Centre (AATC) in the Caribbean, marking a pivotal …
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The 2025 edition is expected to be the largest in the event’s history, drawing over 6,000 delegates, including Heads of State, business leaders from Africa, the CARICOM region, and beyond Lagos, Nigeria | THE INDEPENDENT | Nigeria and Afreximbank have signed the Host Country Agreement for the 32nd Afreximbank Annual Meetings …
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The case comes at a trying time for South Sudan, one of the world’s most impoverished countries, which is heavily reliant on oil exports for government spending South Sudan | Felix Thompson | The African Export-Import Bank (Afreximbank) is suing the Republic of South Sudan for allegedly failing to repay US$657mn in …
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Washington, DC | THE INDEPENDENT | Prosper Africa and African Export-Import Bank have signed a new Memorandum of Understanding to boost trade and investment between the United States and Africa in key sectors. This strategic partnership aims to leverage the unique strengths of both organizations to mobilize trade opportunities and investment …
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The Independent Uganda: You get the Truth we Pay the Price
