The African Export-Import Bank
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Nigeria’s Imo State Allocates Land to Afreximbank for Quality Assurance Centre
The African Export-Import Bank (Afreximbank) has received the certificate of occupancy for a five-hectare plot of land granted to it by the government of Imo State of Nigeria for the development of an internationally accredited quality assurance centre in the state. Afreximbank is supporting the establishment of such internationally accredited African Quality Assurance Centres (AQACs)…
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Afreximbank Proffers Factoring to Ease Access to Financing for African SMEs
The African Export-Import Bank (Afreximbank) has made the case for factoring as a viable and sustainable solution to address the challenge of access to financing which is hindering the growth of Africa’s small and medium-scale enterprises (SMEs). Kanayo Awani, Managing Director of the Intra-African Trade Initiative at Afreximbank, said on 12 March during a factoring…
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Equatorial Guinea joins Afreximbank
The African Export-Import Bank (Afreximbank) has welcomed Equatorial Guinea as its 50th member state with the country’s signing of the Instrument of Accession to the Bank’s Establishment Agreement in Malabo on Wednesday. Lucas Abaga Nchama, Minister of Finance, Economy and Planning of Equatorial Guinea, signed the Instrument on behalf of the Government during a ceremony…
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Afreximbank Announces $2 Billion Financing Support to Angola
The African Export-Import Bank (Afreximbank) is arranging up to $2 billion in financing support to Angola, Bank President Dr. Benedict Oramah has said. Dr. Oramah, who was speaking in Luanda on 24 May during an audience with President João Manuel Gonçalves Lourenço of Angola, said that the amount included various trade financing facilities for essential…