Omodele Adigun Although Nigeria is yet to ink the African Continental Free Trade Agreement (AfCFTA), a multibillion dollar booty is said to be awaiting the country if it does, particularly when the multilateral currency swap lines being championed by the Africa Export-Import Bank (Afreximbank) comes on stream. Just last week, in far away Egypt, at […]
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Obi Emekekwue
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
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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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
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 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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AfCFTA: African firms to access 1.2bn markets
Uche Usim, Casablanca The need for all African nations to come onboard to sign and ratify the African Continental Free Trade Agreement (AfCFTA) was reiterated on Thursday as the African Export-Import Bank (Afreximbank) said the deal would allow African firms access into over 1.2 billion strong markets and a growing middle class available within the […]
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Africa charged to dominate $1tr trade market
Uche Usim, Casablanca African nations have been tasked to re-capture and dominate the $1 trillion market where non-African countries are currently in control. The Executive Vice President, Business Development and Corporate Banking, Afreximbank, Mr Amr Kamel, gave the charge on Wednesday at a press conference held on the sidelines of the ongoing 2018 Structured Trade […]
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