Afrexim Bank moves to bridge Africa’s trade financing gap

The African Export-Import (Afrexim) Bank has introduced a trade facilitation programme aimed at reducing trade financing gap in Africa. The bank also charged Nigerian banks to explore its credit lines as option for managing capital adequacy and liquidity issues in trade financing deals. Afrexim Bank’s Executive Vice President, Business Development and Corporate Banking, Mr Amr […]

Africa needs structured finance to overcome uncertainties –Afreximbank

The African Export-Import Bank (Afreximbank) has said that Africa needs structured finance for effective financial trade to overcome uncertainty and economic difficulty to boost trade in the continent. A statement signed by Head of Media, Afreximbank, Mr. Obi Emekekwue, on Wednesday in Abuja, quoted Mr Benedict Oramah, the bank’s President, as saying that expertise in […]

China Devt Bank, Afreximbank sign $500m trade infrastructure pact

The China Development Bank (CDB) and African Export-Import Bank (Afreximbank) have signed an agreement on a $500 million facility to be provided Afreximbank for the purposes of supporting trade enabling infrastructure projects in Africa. The facility, which has a 10-year tenor, will also be used to enable the African trade finance bank support trade finance […]

Afreximbank to aid African banks in international transactions

The African Export-Import Bank (Afreximbank) says it has set up a trade finance facilitation programme to mitigate the stringent compliance and regulatory requirements imposed by international banks on African banks for trade confirmation lines. A statement on Tuesday by the bank’s Director and Global Head, Communications and Events Management Department, Mr Obi Emekekwue, quoted Amr […]