African Export-Import Bank


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 ?
5bn (EUR1bn) euro medium term note (EMTN) programme by the African Export-Import Bank (Afreximbank).
The African Export-Import Bank (Afreximbank), the FCI and the University of Malta today in Cairo announced the opening of registrations for the 2018 cohort of the Certificate of Finance in International Trade (COFIT).
The African Export-Import Bank (Afreximbank) is providing $150m for Egyptian factoring companies within 5 years, according to the Managing Director of Intra-African Trade Initiative of Afreximbank Kanayo Awani.
The African Export-Import Bank (Afreximbank) and Attijariwafa Bank have entered into a memorandum of understanding (MoU) to collaborate in developing a large framework of cooperation in trade across Africa.
Afreximbank - Photo courtesy of bank website CAIRO - 8 December 2017: -- The African Export-Import Bank (Afreximbank) signed an agreement to provide $500 million with the Export Development Bank of Egypt (EBE).
All is now set for the take-off of an Abidjan Branch Office of the African Export-Import Bank (Afreximbank) to serve Francophone West Africa, with the signing of the two foundation agreements for the Branch by the Bank and the Government of Cote d'Ivoire, the bank said in a statement.
The African Export-Import Bank (Afeximbank) has approved and disbursed many credit facilities in support of Egyptian corporations and financial institutions, as it has approved credit facilities in excess of $17.
The second day of the Africa 2017 Forum launched this morning; a deal between the Attijariwafa Bank and The African Export-Import Bank (Afreximbank) is expected.
The African Export-Import Bank (Afreximbank) has successfully completed its first ever Samurai Syndicated Term Loan Facility, raising the equivalent of US$150 million, comprised of two tranches of JPY 6.
The Government is introducing bond notes, financed by an agreement with the African Export-Import Bank, to meet liquidity concerns already present in the market.
Ecobank Nigeria, member of the Pan African Ecobank group, has successfully concluded a US$200 million bond issuance aimed at raising needed capital for its operations, with advisory services provided by the African Export-Import Bank (Afreximbank).
The African Export-Import Bank (Afreximbank) has entered into an agreement with the Export Development Bank of Egypt (EBE) to provide it with a $500m scheme in order to support Egyptian exports to and investments in African countries, according to an Afreximbank press release.
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