The African Export-Import Bank (Afreximbank) has urged all African SMEs to engage factoring as a viable and sustainable solution to address the challenge of access to financing for their businesses.
Continue reading African SMEs must engage factoring to ease access to finance– Afreximbank at Vanguard News Nigeria. …
Afreximbank
Afreximbank gets audit director
The African Export-Import Bank (Afreximbank) has announced the appointment of Abel Osuji as Director of Internal Audit. Until the appointment, Osuji was Senior Manager Internal Audit. Osuji joined Afreximbank from Masters Energy Limited, where he was Assistant General Manager, Internal Audit. Earlier, he was Head, Investigation and Business Risk Monitoring Unit, Intercontinental Bank (now Access […] …
Afreximbank names Mba Director for Compliance
The African Export-Import Bank (Afreximbank) has upgraded its compliance function to a full department, naming long-serving banker Ms. Maureen Mba as Director. Until her appointment, Ms. Mba was Associate Director in charge of the Compliance Unit, as it then was, having assumed that position in 2017. Prior to that, she served as Manager, Compliance, from […] …
Afreximbank’s FEDA to lift FDI
The Fund for Export Development in Africa (FEDA), the equity investment fund created recently by the African Export-Import Bank (Afreximbank), will catalyse foreign direct investment (FDI) flows into Africa’s trade and export sectors, President of the bank, Benedict Oramah has said. Speaking in Tunis during the opening of the Financing Investment and Trade in Africa […] …
Afreximbank targets $4bn FDI with Export Development Fund
Afreximbank lends $170m to Orascom for Pan-African expansion
THE African Export-Import Bank (Afreximbank) has signed a facility agreement lending $170 million to Egypt-based conglomerate Orascom Investment Holding (OIH) to assist the company expand its pan-African activities in pursuit of its short and medium-term expansion strategy.
Continue reading Afreximbank lends $170m to Orascom for Pan-African expansion at Vanguard News Nigeria. …
Afreximbank earmarks $170m for Orascom Investment
Uche Usim, Abuja The African Export-Import Bank (Afreximbank) on Wednesday in Cairo signed a facility agreement lending $170 million to Egypt-based conglomerate Orascom Investment Holding (OIH) to assist the company to expand its pan-African activities in pursuit of its short and medium-term expansion strategy. Speaking at the signing ceremony, Afreximbank President Prof. Benedict Oramah, said […]
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We’ll spread Nigeria’s financial technology footprint across Africa – Atanda, SystemSpecs ED
“Nigeria’s goal is to lead Africa in providing technology that solves its financial technology problems. We have done this for 26 years in Nigeria.” Amechi Ogbonna The just concluded Intra Africa Trade Fair in Cairo, Egypt , offered Nigerian entrepreneurs a great opportunity to showcase their capacities, in products and services. For SystemSpecs’, its Executive […]
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Afreximbank floats $30m facility for SMEs
The African Export-Import Bank (Afreximbank) has signed an agreement with the African Guarantee Fund (AGF) for a $30 million re-guarantee facility to support African small and medium enterprises (SMEs) in the trade value chain to access funds for their activities.
Continue reading Afreximbank floats $30m facility for SMEs at Vanguard News Nigeria. …
Afreximbank, African Guarantee Fund seal $30m SMEs support deal
Uche Usim, Abuja Hopes of better better funded Small and Medium Enterprises (SMEs) in Africa brightened recently, as the African Export-Import Bank (Afreximbank), signed an agreement with the African Guarantee Fund (AGF) for a $30 million re-guarantee facility to support them in the trade value chain to strengthen their operations. Gwen Mwaba, Director, Trade Finance, […]
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