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.
References in periodicals archive ?
He encouraged Afreximbanks partner organisations to enroll their staff members for COFIT 2018 to give them essential insight, awareness and understanding of international trade for their career development and for enhanced skills.
The listing and trading of Afreximbanks DR on SEM confirms the SEMs successful positioning as an attractive capital-raising, listing and trading platform for well-established African issuers and niche international products.
He said that the business leaders on his delegation were interested in investing in the country and in partnering with local businesses, in line with Afreximbanks new strategic plan, IMPACT 2021, which focuses on boosting intra-African trade and investment flows, accelerating Africas industrialisation, developing the continents export capacity and increasing its access to trade finance.
President Oramah said that following the visit, the Bank would send a technical team to develop tailor-made financing solutions to support Burundis key growth sectors as part of a country programme which would also look into deploying Afreximbanks guarantee products to generate investments.