Kampala, Uganda | THE INDEPENDENT | African Export-Import Bank has clinched the prestigious “Sustainable Deal of the Year” award for its groundbreaking efforts in establishing the Liquidity and Sustainability Facility (LSF). This recognition, presented by Uxolo Global 2023: Development and Impact Finance and co-hosted by TXF, celebrates Afreximbank’s role in enhancing …
Read More »Afreximbank announces $1-billion African Film Fund
The sector faces several challenges, including limited access to financing and copyright infringement due to weak copyright laws, enforcement mechanisms and a lack of awareness Kampala, Uganda | AGENCIES | Africa’s multilateral lender, African Export-Import Bank, is working on the establishment of a US$1-billion African Film Fund to be launched in 2024 …
Read More »Afreximbank, CEXIM sign loan agreement to boost China-Africa trade
Kampala, Uganda | THE INDEPENDENT | In a significant move aimed at enhancing trade and economic cooperation between African member states and China, Afreximbank and the China Exim Bank signed a loan agreement. The signing ceremony took place at the CEXIM Headquarters in Beijing on Oct.17, attended by Shengjun Ren, President …
Read More »Afreximbank records 8% asset growth
Kampala, Uganda | THE INDEPENDENT | Africa’s multi-lateral lender, African Export-Import Bank, has recorded an 8% growth in assets to $30.1 billion for the six months ending June 30, 2023, driven by an increase in loans. The lender recorded a substantial growth in total interest income, which soared by an impressive …
Read More »Afreximbank extends US$3billion to Kenya
Kampala, Uganda | THE INDEPENDENT | African Export-Import Bank has signed a US$3 Billion Country Programme with the Kenyan government. The memorandum was signed by Kenya’s Cabinet Secretary of the Ministry of National Treasury and Economic Planning, Professor Njuguna Ndungu, and the President and Chairman of the Board of Directors of …
Read More »Afreximbank, EIB unveil €200m pharmaceutical financing scheme for sub-Saharan Africa
Kampala, Uganda | RONALD MUSOKE | The European Investment Bank (EIB), the world’s largest multilateral bank, and Afreximbank, the pan-African multilateral financial institution, have joined hands to finance healthcare and pharmaceutical manufacturing projects across sub-Saharan Africa in an attempt to strengthen health resilience on the continent. The new €200 million healthcare …
Read More »Afreximbank unveils academy to train 8,000 Africans on trade-related subjects
The academy has already begun the process of obtaining regional accreditation, starting with the Chartered Institute of Bankers of Nigeria | THE INDEPENDENT | Africa’s multi-lateral lender, African Export-Import Bank has launched the Afreximbank Academy (AFRACAD), a learning, knowledge, and networking hub designed to help advance African trade through capacity …
Read More »Afro-Caribbean trade could increase by $1bn in five years
Policymakers admit that historical ties between Africa and the Caribbean have been neglected in the commercial sphere, but a major forum in Barbados charted a new economic path | OMAR BEN YEDDER | As delegates approached the inaugural AfriCaribbean Trade and Investment Forum (ACTIF) from September 1-3, the question on …
Read More »AfCFTA could boost African incomes by 9%- World Bank report
Full implementation of the African Continental Free Trade Agreement (AfCFTA) could increase FDI by up to 159%, with positive impacts for trade and incomes | CHARLES DIETZ | Reforms set in motion by the implementation of the African Continental Free Trade Area (AfCFTA) could lead to a rise in foreign direct …
Read More »Afreximbank approves US$1bn to operationalise AfCFTA Adjustment Funds
Kampala, Uganda | ISAAC KHISA | Africa’s multi-lateral lender, African Export-Import Bank has renewed its approval of a US$1 billion facility to operationalise the African Continental Free Trade Agreement Adjustment Funds. The lender also approved a Grant Funding in an amount of US$10 million to seed the Base Fund of …
Read More »