African Export-Import Bank

(redirected from AFREXIMBANK)
Also found in: Acronyms.

African Export-Import Bank

A bank established in order to promote African exports. Among its activities, the Bank provides credit to African exporters, finances the import of raw materials in order to make exportable products and generally attempts to encourage African countries to trade internationally. It was established in 1993 and maintains its headquarters in Cairo. Its name may be abbreviated to AFREXIMBANK.
References in periodicals archive ?
Afreximbanks two other branch offices are located in Abuja and Harare.
Afreximbanks engagement in Cote dIvoire has included cumulative approvals of $2.
The $500 million approved capital increase was equivalent to about 70 per cent of Afreximbanks existing shareholder equity as of September 2014, she said, referring to the Banks capital raising plan, launched in September 2014 with the aim of raising $500 million through a share offering, which is already part-way through.