African Export-Import Bank

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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.
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We have list of banks led by National Bank of Egypt and so far we have about 10 banks on the list and expect to have more," Head of External Communications at African Export Import Bank Obi Emekekwue told Daily News Egypt.
Egyptian firms seeking opportunities for increased trade within African markets should take advantage of the expertise and offerings of the African Export Import Bank (Afreximbank), Denys Denya, Afreximbank s Executive Vice President in charge of Finance, Administration and Banking Services, has said.
The African Export Import Bank (Afreximbank) was set up in 1993 by a wide range of interested parties, including the AfDB, a number of African governments and private sector investors in an effort to plug this gap.
In 1993, the African Export Import Bank, AFREXIMBANK was therefore created, with headquarters in Cairo Egypt.
AB: Given that much of your exports go to Africa and you are diversifying to Latin America, the Middle East and Asia, are you going to set up a South African Export Import Bank to offer guarantees to exporters?
A senior figure in the African Export Import Bank (Afreximbank) has called on Egyptian firms to take advantage of the bank's connections across the continent to improve exports and secure payments in African markets.
Within next couple of years, the African Export Import Bank (Afreximbank) will be investing US$400 million in the country s energy sector, aiming at fulfilling the growing power demand.
The African Export Import Bank (Afreximbank) will receive a USD 280 million Trade Finance Package from the Board of Directors of the African Development Bank (AfDB).
The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, May 28, 2014 a USD 280 million Trade Finance Package for African Export Import Bank (Afreximbank).
The African Export Import Bank was established in October 1993 by African governments, African private and institutional investors, and non-African investors to finance and promote intra- and extra-African trade.
African Export Import Bank and Citi joined Standard Bank as mandated lead arrangers and bookrunners.
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