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 ?
The Stock Exchange of Mauritius (SEM) has announced the inclusion of the African Export-Import Bank (Afreximbank) in the SEM-10 index.
(TAP) - Discussions are still ongoing with the Tunisian authorities on the allocation of $ 500 million to boost trade and investment opportunities between Tunisia and African countries, Benedict Okey Oramah, CEO of the African export-import bank (Afreximbank).
The African Export-Import Bank (Afreximbank) has signed on Thursday, an agreement with the African Guarantee Fund (AGF) for a $30m re-guarantee facility to support African small and medium-sized enterprises (SMEs), in the trade value chain to allow them to access funds for their activities.
Afreximbank - Photo courtesy of bank website CAIRO - 12 September 2018: Minister of Trade and Industry Amr Nassar on Wednesday had talks with a delegation from the African Export-Import Bank (Afreximbank) on current projects carried out by the bank in Egypt.
The National Bank for Foreign Economic Activity of Uzbekistan and the African Export-Import Bank (Afreximbank) signed an agreement on cooperation worth $50 million.
The apex bank has paid USD2bn to the African Export-Import Bank (Afreximbank), according to Ramy Abu El Naga, deputy CBE governor of the monetary reserve and monetary markets.
The African Export-Import Bank (Afreximbank) plans to introduce a mobile payment platform to support intra-African trade and payments, according to Bank President Jean-Louis Ekra.
The arranged facility carries a comprehensive guarantee from African Export-Import Bank (Afreximbank), which is a regional development bank established to finance and support regional trade, manufacturing and economic growth.
As part of the RussiaAfrica Economic Conference in Moscow, the Roscongress Foundation, African Export-Import Bank (Afreximbank), and the Russian Export Center (REC) signed an agreement to cooperate on establishing effective communication between expert communities and business circles in the Russian Federation and African countries.
African Export-Import Bank (Afrexim Bank) in Malabo on Tuesday received the award for the African Bank of the Year at the African Banker Awards 2019 ceremony held on the sidelines of the Annual Meetings of the African Development Bank.
Professor Benedict Oramah, President of African Export-Import Bank (Afreximbank) said that Africa is shaping history at the beginning of a new cooperation era, and thanked President Abdel Fattah Al-Sisi for sponsoring the first Intra African Trade Fair (IATF 2018).
The African Export-Import Bank (Afreximbank), is expected to provide $1.5 billion to Egypt to fund oil and petrochemical projects.
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