Business

Madagascar President Seeks Afreximbank Support in Country’s Industrialisation

Antananarivo, 17 May 2019: – President Andry Rajoelina of Madagascar has urged the African Export-Import Bank (Afreximbank) to partner with the government in its effort to make the country the “window into a modern Africa”. Speaking yesterday in Antananarivo when he received an Afreximbank delegation led by Prof. Benedict Oramah, President of the Bank, President Rajoelina said that the government […]

“Second Intra-African Trade Fair Will generate $40 million in Trade Deals, Afreximbank Chief Says as Hosting Agreement is signed”

Kigali, 14 May 2019: – The second Intra-African Trade Fair (IATF2020) scheduled to take place in Kigali from 1 to 7 September 2020 will target the execution of Intra-African trade deals worth more than $40 billion, Prof. Benedict Oramah, President of the African Export-Import Bank (Afreximbank), announced today. Prof. Oramah was speaking in Kigali at the signing […]

Mota-Engil Secures EUR100 Million Afreximbank Facility to Support Economic Integration Projects

Cairo, 17 April 2019: – The African Export-Import Bank (Afreximbank) has announced the disbursement of an EUR100 million revolving global credit facility to Mota-Engil Engenharia e Construçáo África, S.A. (Mota-Engil Africa) to support the company to implement key developmental projects in Africa. Such projects include the construction of trade-carrying and trade-supporting infrastructure required for the acceleration […]

“Vimetco Names Afreximbank Financial Adviser for $130-million Sierra Leone Bauxite Mine Expansion Project”  

Cairo, 17 April 2019: – The African Export-Import Bank (Afreximbank) has been awarded the mandate to serve as the exclusive financial adviser and mandated lead arranger for the $130-million bauxite mine expansion project by Sierra Mineral Holdings 1 Limited (Vimetco) in Sierra Leone. The mandate was announced in Freetown on 4 April during a working meeting […]

Dwaso Hemaa Reality Show to bring out the best in market women launched

  A brand new TV reality show, Dwaso Hemaa, targeted at celebrating the outstanding and innovative efforts of the Ghanaian woman, especially the market women has been dully launched at Mallam Atta market in Accra on Tuesday April 16, 2019 under the theme – ‘energy that shows’. The show will broadcast weekly on Adom TV. […]

Afreximbank Creating Digital Ecosystem to Ease Trade Finance Flows, Says President

Washington D.C., 15 April 2019: – The African Export-Import Bank (Afreximbank) is working, with the support of African Union (AU), to create a digital ecosystem that will eliminate the major bottlenecks to trade finance flows within Africa, Bank President Prof. Benedict Oramah has announced in Washington D.C. Delivering an address on 11 April at the IGD Frontier […]

2019 Programme for Certificate of Finance in International Trade Takes Off

Cairo, 12 April 2019: – A cohort of 11 African trade finance practitioners have embarked on the 2019 version of the Certificate of Finance in International Trade (COFIT) offered by the African Export-Import Bank (Afreximbank) in collaboration with the FCI+IFG Union and the University of Malta. The 2019 COFIT cohort will be the fourth for the […]

Afreximbank Releases Abridged Audited 2018 Financial Statements, Shows Continued Strong Performance

The African Export-Import Bank (Afreximbank) has released its abridged audited financial statements for the year ended 31 December 2018, showing strong financial and operational performance, with total comprehensive income for the year amounting to $285.4 million. The total comprehensive income reflects a solid growth of 24 per cent compared to the prior year performance of $229.8 million and was […]

Meet Dr.Gabriel Odeh Apotey; newly Appointed COO of Upper Manya Kro Rural Bank Limited

Based on his professional output and corporate experience, Gabriel Odeh Apotey was appointed Acting Chief Operating Officer (COO) of Upper Manya Kro Rural Bank Limited effective on 1st March, 2019 by the Board of Directors of the Bank. The appointment of Dr. Apotey whose expertise ranges from Project Valuation and Financing, Rural Banking, Staffing Psychology, […]

TEWU cautions its members of fraudulent association called ANTS

The local representatives of Teachers and Educational Workers’ Union (TEWU) of TUC, within the Kumasi Metropolis and in the districts in the Ashanti Region have warned its members to be more vigilant about a fraudulent group calling itself Association of Non-Teaching Staff (ANTS). According to TEWU, the so-called group only exist to deceive and manipulate […]
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