African Export-Import Bank, also referred to as Afreximbank, is an International financial institution, headquartered in Cairo, Egypt, whose primary objective is to promote and finance trade within the African continent and trade between Africa and other continents.
Location
The headquarters of Afreximbank are located at 72 (B) El Maahad El Eshteraky Street, in the Heliopolis neighborhood in the city of Cairo, the capital and largest city in Egypt. The bank maintains a second branch at 2 Gnassingbe Eyadema Street, Asokoro, Abuja, the capital city of Nigeria. The bank's third branch is located at Eastgate Building, Third Floor, North Wing, Gold Bridge, in Harare, the capital and largest city in Zimbabwe.
Overview
Africa Export-Import Bank is a large multilateral financial service organization, with total assets valued at US$4.4 billion and shareholders' equity of US$707 million, as of December 2013.
Recent developments
The 22nd Annual General Meeting of the bank's shareholders will be held 10-13 June 2015 in Lusaka, the capital of Zambia. Three former African presidents will make presentations at the meeting. Also, the shareholders will elect a new bank president to replace Jean-Louis Ekra, whose term of office ends in 2015.
An export credit agency (known in trade finance as an ECA) or investment insurance agency is a private or quasi-governmental institution that is as an intermediary between national governments and exporters to issue export financing. The financing can take the form of credits (financial support) or credit insurance and guarantees (pure cover) or both, depending on the mandate the ECA has been given by its government. ECAs can also offer credit or cover on their own account. This does not differ from normal banking activities. Some agencies are government-sponsored, others private, and others a combination of the two.
ECAs currently finance or underwrite about US$430billion of business activity abroad - about US$55billion of which goes towards project finance in developing countries - and provide US$14billion of insurance for new foreign direct investment, dwarfing all other official sources combined (such as the World Bank and Regional Development Banks, bilateral and multilateral aid, etc.). As a result of the claims against developing countries that have resulted from ECA transactions, ECAs hold over 25% of these developing countries' US$2.2trillion debt.
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published: 19 Jun 2023
Afreximbank, AfCFTA Unveil Pan-African Payment System - CEO, PAPSS
The African Export-Import Bank and the #AfCFTA Secretariat on Tuesday, announced the operational roll-out of the Pan-African Payment and Settlement System or #PAPSS.
The PAPSS has been described as a revolutionary Financial Market Infrastructure that will enable instant, cross-border payments in local currencies between African markets, under the new intra-Africa trade arrangement...#MikeOgbalu the CEO at Pan- African Payment & Settlement System in Cairo discussed this further.
#arisexchange #businessnews #boasonomofaye #economy #useconomy #nigerianeconomy #fx #dollar #usfed #bankofengland #england #uk #ukeconomy #buharieconomy #easeofdoingbusiness #buhari
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published: 01 Oct 2021
INTRODUCING THE AFREXIMBANK ACADEMY (AFRACAD)
published: 03 Oct 2022
Afreximbank commits $10 billion fund to support AfCFTA deal
The African Continental Free Trade Agreement is set to see a significant boost, thanks to a 10 billion U.S. dollar commitment from Afreximbank. The pan-African multilateral lender made the announcement at its annual meeting in Accra, Ghana.
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published: 22 Jun 2023
President, Africa Export Import Bank talks up Bank's plan for continent
The African trade and policy center says the continent has the lowest figure of intra-continental trading in the world, with its members recording just 11 percent of inter-regional trade. Compared to Asia which recorded 25 percent and Europe which is above 60 percent, the continent has quite a poor showing. Well, the Africa export import bank's new president plans to raise that figure to 20 percent in the next 5 years. Here is more of the conversation I had with him.
published: 13 Nov 2015
AFREXIMBANK - Transforming into a truly digital bank
In this video, Lidibe Konlambigue, Manager - Information Technology, Business Applications, African Export Import Bank talks about the impact of digital revolution in the banking sector. He talks about how there has been a thorough change in the ecosystem due to digitization and how it is imperative for banks to make core, the foundation for digitization.
Lidibe also talks about how the Finale Core Banking solution is offering them the ability to have loosely coupled components such as the Digital Engagement Hub which will enhance self-service banking. He also talks about how the bank leverages technology to reduce inefficiencies of manual operations.
Lidibe ends the video by talking about the growing partnership with Infosys Finacle and why he believes Finacle is the right approach for ...
published: 23 Apr 2019
Afreximbank - Celebrating 25 Years of Transforming Africa's Trade
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published: 12 Sep 2023
Afreximbank, China's eximbank growing Africa trade
China's Eximbank is to increase its investment in the African Export Import Bank, to help the pan-african lender meet rising demands for trade finance across the continent. The details emerged at the 20th general meeting of Afreximbank. CCTVs Trevor Ombija has the details.
Subscribe to our Channel for high profile interviews. Follow us on Twitter at https://twitter.com/ARISEtv |
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The African Export-Import Bank and the #AfCFTA Secretariat on Tuesday, announced the operational roll-out of the Pan-African Payment and Settlement System or #P...
The African Export-Import Bank and the #AfCFTA Secretariat on Tuesday, announced the operational roll-out of the Pan-African Payment and Settlement System or #PAPSS.
The PAPSS has been described as a revolutionary Financial Market Infrastructure that will enable instant, cross-border payments in local currencies between African markets, under the new intra-Africa trade arrangement...#MikeOgbalu the CEO at Pan- African Payment & Settlement System in Cairo discussed this further.
#arisexchange #businessnews #boasonomofaye #economy #useconomy #nigerianeconomy #fx #dollar #usfed #bankofengland #england #uk #ukeconomy #buharieconomy #easeofdoingbusiness #buhari
Subscribe to our Channel for high profile interviews. Follow us on Twitter at https://twitter.com/ARISEtv |
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The African Export-Import Bank and the #AfCFTA Secretariat on Tuesday, announced the operational roll-out of the Pan-African Payment and Settlement System or #PAPSS.
The PAPSS has been described as a revolutionary Financial Market Infrastructure that will enable instant, cross-border payments in local currencies between African markets, under the new intra-Africa trade arrangement...#MikeOgbalu the CEO at Pan- African Payment & Settlement System in Cairo discussed this further.
#arisexchange #businessnews #boasonomofaye #economy #useconomy #nigerianeconomy #fx #dollar #usfed #bankofengland #england #uk #ukeconomy #buharieconomy #easeofdoingbusiness #buhari
Subscribe to our Channel for high profile interviews. Follow us on Twitter at https://twitter.com/ARISEtv |
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Check out our website www.arise.tv
The African Continental Free Trade Agreement is set to see a significant boost, thanks to a 10 billion U.S. dollar commitment from Afreximbank. The pan-African ...
The African Continental Free Trade Agreement is set to see a significant boost, thanks to a 10 billion U.S. dollar commitment from Afreximbank. The pan-African multilateral lender made the announcement at its annual meeting in Accra, Ghana.
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The African Continental Free Trade Agreement is set to see a significant boost, thanks to a 10 billion U.S. dollar commitment from Afreximbank. The pan-African multilateral lender made the announcement at its annual meeting in Accra, Ghana.
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The African trade and policy center says the continent has the lowest figure of intra-continental trading in the world, with its members recording just 11 perce...
The African trade and policy center says the continent has the lowest figure of intra-continental trading in the world, with its members recording just 11 percent of inter-regional trade. Compared to Asia which recorded 25 percent and Europe which is above 60 percent, the continent has quite a poor showing. Well, the Africa export import bank's new president plans to raise that figure to 20 percent in the next 5 years. Here is more of the conversation I had with him.
The African trade and policy center says the continent has the lowest figure of intra-continental trading in the world, with its members recording just 11 percent of inter-regional trade. Compared to Asia which recorded 25 percent and Europe which is above 60 percent, the continent has quite a poor showing. Well, the Africa export import bank's new president plans to raise that figure to 20 percent in the next 5 years. Here is more of the conversation I had with him.
In this video, Lidibe Konlambigue, Manager - Information Technology, Business Applications, African Export Import Bank talks about the impact of digital revolut...
In this video, Lidibe Konlambigue, Manager - Information Technology, Business Applications, African Export Import Bank talks about the impact of digital revolution in the banking sector. He talks about how there has been a thorough change in the ecosystem due to digitization and how it is imperative for banks to make core, the foundation for digitization.
Lidibe also talks about how the Finale Core Banking solution is offering them the ability to have loosely coupled components such as the Digital Engagement Hub which will enhance self-service banking. He also talks about how the bank leverages technology to reduce inefficiencies of manual operations.
Lidibe ends the video by talking about the growing partnership with Infosys Finacle and why he believes Finacle is the right approach for the bank in its digital transformation journey.
The African Export-Import Bank (Afreximbank) finances and promotes intra- and extra-African trade. Afrexim Bank leverages Finacle's digital banking suite of solutions that includes Finacle Core Banking, Online Banking and Finacle alerts.
Learn how we are powering digital transformations for banks across 100 countries - www.edgeverve.com/finacle
In this video, Lidibe Konlambigue, Manager - Information Technology, Business Applications, African Export Import Bank talks about the impact of digital revolution in the banking sector. He talks about how there has been a thorough change in the ecosystem due to digitization and how it is imperative for banks to make core, the foundation for digitization.
Lidibe also talks about how the Finale Core Banking solution is offering them the ability to have loosely coupled components such as the Digital Engagement Hub which will enhance self-service banking. He also talks about how the bank leverages technology to reduce inefficiencies of manual operations.
Lidibe ends the video by talking about the growing partnership with Infosys Finacle and why he believes Finacle is the right approach for the bank in its digital transformation journey.
The African Export-Import Bank (Afreximbank) finances and promotes intra- and extra-African trade. Afrexim Bank leverages Finacle's digital banking suite of solutions that includes Finacle Core Banking, Online Banking and Finacle alerts.
Learn how we are powering digital transformations for banks across 100 countries - www.edgeverve.com/finacle
Subscribe to our Channel for high profile interviews. Follow us on Twitter at https://twitter.com/ARISEtv |
and Instagram: https://www.instagram.com/arisenewso...
Subscribe to our Channel for high profile interviews. Follow us on Twitter at https://twitter.com/ARISEtv |
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Subscribe to our Channel for high profile interviews. Follow us on Twitter at https://twitter.com/ARISEtv |
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China's Eximbank is to increase its investment in the African Export Import Bank, to help the pan-african lender meet rising demands for trade finance across th...
China's Eximbank is to increase its investment in the African Export Import Bank, to help the pan-african lender meet rising demands for trade finance across the continent. The details emerged at the 20th general meeting of Afreximbank. CCTVs Trevor Ombija has the details.
China's Eximbank is to increase its investment in the African Export Import Bank, to help the pan-african lender meet rising demands for trade finance across the continent. The details emerged at the 20th general meeting of Afreximbank. CCTVs Trevor Ombija has the details.
Subscribe to our Channel for high profile interviews. Follow us on Twitter at https://twitter.com/ARISEtv |
and Instagram: https://www.instagram.com/arisenewsofficial |
and Facebook: https://www.facebook.com/AriseTVNews |
Check out our website www.arise.tv
The African Export-Import Bank and the #AfCFTA Secretariat on Tuesday, announced the operational roll-out of the Pan-African Payment and Settlement System or #PAPSS.
The PAPSS has been described as a revolutionary Financial Market Infrastructure that will enable instant, cross-border payments in local currencies between African markets, under the new intra-Africa trade arrangement...#MikeOgbalu the CEO at Pan- African Payment & Settlement System in Cairo discussed this further.
#arisexchange #businessnews #boasonomofaye #economy #useconomy #nigerianeconomy #fx #dollar #usfed #bankofengland #england #uk #ukeconomy #buharieconomy #easeofdoingbusiness #buhari
Subscribe to our Channel for high profile interviews. Follow us on Twitter at https://twitter.com/ARISEtv |
and Instagram: https://www.instagram.com/arisenewsofficial |
and Facebook: https://www.facebook.com/AriseTVNews |
Check out our website www.arise.tv
The African Continental Free Trade Agreement is set to see a significant boost, thanks to a 10 billion U.S. dollar commitment from Afreximbank. The pan-African multilateral lender made the announcement at its annual meeting in Accra, Ghana.
Subscribe to us on YouTube: http://ow.ly/Zvqj30aIsgY
Follow us on:
Facebook: https://www.facebook.com/cgtnafrica/
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The African trade and policy center says the continent has the lowest figure of intra-continental trading in the world, with its members recording just 11 percent of inter-regional trade. Compared to Asia which recorded 25 percent and Europe which is above 60 percent, the continent has quite a poor showing. Well, the Africa export import bank's new president plans to raise that figure to 20 percent in the next 5 years. Here is more of the conversation I had with him.
In this video, Lidibe Konlambigue, Manager - Information Technology, Business Applications, African Export Import Bank talks about the impact of digital revolution in the banking sector. He talks about how there has been a thorough change in the ecosystem due to digitization and how it is imperative for banks to make core, the foundation for digitization.
Lidibe also talks about how the Finale Core Banking solution is offering them the ability to have loosely coupled components such as the Digital Engagement Hub which will enhance self-service banking. He also talks about how the bank leverages technology to reduce inefficiencies of manual operations.
Lidibe ends the video by talking about the growing partnership with Infosys Finacle and why he believes Finacle is the right approach for the bank in its digital transformation journey.
The African Export-Import Bank (Afreximbank) finances and promotes intra- and extra-African trade. Afrexim Bank leverages Finacle's digital banking suite of solutions that includes Finacle Core Banking, Online Banking and Finacle alerts.
Learn how we are powering digital transformations for banks across 100 countries - www.edgeverve.com/finacle
Subscribe to our Channel for high profile interviews. Follow us on Twitter at https://twitter.com/ARISEtv |
and Instagram: https://www.instagram.com/arisenewsofficial |
and Facebook: https://www.facebook.com/AriseTVNews |
Check out our website www.arise.tv
China's Eximbank is to increase its investment in the African Export Import Bank, to help the pan-african lender meet rising demands for trade finance across the continent. The details emerged at the 20th general meeting of Afreximbank. CCTVs Trevor Ombija has the details.
African Export-Import Bank, also referred to as Afreximbank, is an International financial institution, headquartered in Cairo, Egypt, whose primary objective is to promote and finance trade within the African continent and trade between Africa and other continents.
Location
The headquarters of Afreximbank are located at 72 (B) El Maahad El Eshteraky Street, in the Heliopolis neighborhood in the city of Cairo, the capital and largest city in Egypt. The bank maintains a second branch at 2 Gnassingbe Eyadema Street, Asokoro, Abuja, the capital city of Nigeria. The bank's third branch is located at Eastgate Building, Third Floor, North Wing, Gold Bridge, in Harare, the capital and largest city in Zimbabwe.
Overview
Africa Export-Import Bank is a large multilateral financial service organization, with total assets valued at US$4.4 billion and shareholders' equity of US$707 million, as of December 2013.
Recent developments
The 22nd Annual General Meeting of the bank's shareholders will be held 10-13 June 2015 in Lusaka, the capital of Zambia. Three former African presidents will make presentations at the meeting. Also, the shareholders will elect a new bank president to replace Jean-Louis Ekra, whose term of office ends in 2015.
This initiative, publicly confirmed by the AfricanExport-Import Bank, builds upon the system’s operational foundation that began in 2022 ... The expansion of trade—both exports and imports—will allow ...
AfricanExport-Import Bank (Afreximbank) and Ecobank Group (www.Ecobank.com) have embarked on a collaboration aimed at simplifying trade and compliance for businesses in Africa by integrating ...
AfricanExport-Import Bank (Afreximbank) recently joined a consortium of financial institutions in London to sign a landmark syndicated term loan. read more BOI gets €2bn syndicated facility from Afreximbank, others ... .
- AfricanExport-Import Bank (Afreximbank) ... African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution mandated to finance and promote intra-and extra-African trade.
AfricanExport-Import Bank (Afreximbank) is a Pan-African multilateral financial institution mandated to finance and promote intra-and extra-African trade ... AFREXIMBANK - African Export-Import Bank ...
... on imports of refined petroleum products ... Also, the AfricanExport-Import Bank’s confidence in financing the rehabilitation underscores the trust in Nigeria’s ability to deliver on ambitious projects.
The project, financed by the Import-ExportBank (EXIM) of China and implemented by Chinese tech giant Huawei, aims to extend internet access to more regions of the country, reducing costs, and enhancing connectivity.