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AfCFTA: Dismantling intra-Africa trade barriers for sustainable growth

AfCFTA: Dismantling intra-Africa trade barriers for sustainable growth

“The removal of tariffs and trade barriers to free up trade and deepen intra-African trade and regional integration is an important tenet of the AfCFTA” Uche Usim, Abuja For decades, Africa has remained stuck to protectionism and individualism in their trading system that the rest of the world seems to have left the content behind, […]
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4 Nigerian SMEs for intra-African trade fair in Cairo

4 Nigerian SMEs for intra-African trade fair in Cairo

Uche Usim, Abuja Four Nigerian Small and Medium Scale Enterprises (SMEs) have been sponsored by the Association of Professional Nigerians in Egypt (APNEG), to participate in the inaugural Intra-African Trade Fair (IATF) taking place in Cairo December 11-17 The trade fair, which is being organised by the African Export-Import Bank (Afreximbank), in collaboration with the […]
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Central African Republic formally joins Afreximbank

Central African Republic formally joins Afreximbank

Uche Usim, Abuja The number of African Export-Import Bank (Afreximbank) member countries swelled to 50 on Wednesday, with the Central African Republic (CAR) formalising her membership by depositing the instrument of the country’s ratification of the Bank Establishment Agreement in Cairo, Egypt. Speaking during a ceremony at the bank’s headquarters, Claude Rameaux Bireau, Minister of State and Economic […]
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Afreximbank partners Russian Railways for rail devt in Africa

The African Export-Import Bank (Afreximbank) has signed a memorandum of understanding (MoU) with Russian Railways and  the Russian Export Center  (REC), agreeing to cooperate in implementing export and investment projects in the railway sector in Africa.
Continue reading Afreximbank partners Russian Railways for rail devt in Africa at Vanguard News Nigeria. …

Afreximbank signs MoU with Russian firms on railway development

Afreximbank signs MoU with Russian firms on railway development

Uche Usim, Abuja In line with its aggressive infrastructure renewal programme to boost intra-African trade, the African Export-Import Bank (Afreximbank) on Thursday in Moscow signed a Memorandum of Understanding (MoU) with Russian Railways and the Russian Export Center (REC), agreeing to cooperate in implementing export and investment projects in the railway sector in Africa. The […]
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$25bn Afreximbank-AU intra-African trade fair oversubscribed

$25bn Afreximbank-AU intra-African trade fair oversubscribed

Uche Usim, Abuja Soothing news came the way of the African-Export Import Bank (Afreximbank), the organizers of the inaugural Intra-African Trade Fair (IATF 2018) taking place in Cairo in December, as the event has been oversubscribed. The Bank, as at Tuesday, has recorded 1,054 exhibitor registrations, thus surpassing the 1,000 target, even as it said […]
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Afreximbank grosses $546.6m in 9 months

Afreximbank grosses $546.6m in 9 months

The African Export-Import Bank (Afreximbank) has released its unaudited financials for the nine months ended September 30, 2018, showing strong financial and operational performance. The financial report shows that its gross income rose to $546.6 million, a 14.3 per cent increase from the same period last year, and net income of $172.4 million (a growth of 11.9 per cent from the same […]
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Afreximbank gets Euro200m loan from EIB to boost jobs, climate across Africa

THE European Investment Bank has signed a new fifteen year EUR 200 million loan agreement with the African Export-Import Bank, Afreximbank, aimed at supporting trade-related productive investments, including renewable energy projects, in Africa. The facility will support promoters in more than 40 countries across Africa with long-term funding.
Continue reading Afreximbank gets Euro200m loan from EIB to boost jobs, climate across Africa at Vanguard News Nigeria. …

Afreximbank posts $546.6m gross profit 

Afreximbank posts $546.6m gross profit 

Uche Usim, Abuja In what could be described as a good year for the African Export-Import Bank (Afreximbank), the continental bank, on Friday, released its unaudited financial statements for the nine months ended 30 September 2018, showing strong financial and operational performance.  The posted a gross income of $546.6 million (a 14.3 per cent increase from the […]
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Afreximbank, CDC Group sign $100m Master Risk Participation pact

Afreximbank, CDC Group sign $100m Master Risk Participation pact

The African Export-Import Bank (Afreximbank) and CDC Group Plc have signed a $100-million master risk participation agreement to support Afreximbank’s Trade Facilitation Programme. Under the terms signed in Casablanca, Morocco, CDC will provide unfunded risk participation to Afreximbank as the Bank provides trade finance products that include trade confirmation services; trade confirmation guarantee; and irrevocableRead More …

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