The African Export-Import Bank (Afreximbank) launched its insurance management services subsidiary, AfrexInsure, with a commitment to provide a single-entry point for all specialty insurance needs to assist in optimally managing related risks for the trade and commerce sector in Africa.Established in 2021, AfrexInsure is set up to offer specialty insurance …
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African Export-Import Bank (Afreximbank) and the United Nations Economic Commission for Africa (ECA) have signed a Framework Agreement with the Democratic Republic of Congo and the Republic of Zambia for the establishment of Special Economic Zones (SEZ) for the production of Battery Electric Vehicle (BEV) and related services. Under the terms …
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Ebuka Daniel The African Export-Import Bank has signed the Instrument of Accession to the Inter-Surety Agreement for the Implementation of the COMESA Regional Customs Transit Guarantee/bond Agreement. The Bank is now set to begin the implementation of its $1bn Continental Transit Guarantee Scheme, of which about $200m is earmarked for …
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The Inter-African Coffee Organisation (IACO), is to launch a 950 million dollar African Coffee Facility with the support of Afreximbank. The facility is to support various coffee projects in Africa, including research and promotion of coffee consumption. Dr Frederick Kawuma, the Secretary-General of IACO, made this known when the Ghana …
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As part of the fight against covid-19, the African Export-Import Bank (Afreximbank) plans to mobilize $5 billion for African countries. The information was relayed by Reuters, which cited John Nkengasong, director of the African Centers for Disease Control and Prevention (Africa CDC). According to the official, the funds will be used …
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The African Export-Import Bank (Afreximbank), says it has approved a 400-million dollars revolving global credit facility agreement for the Export Trading Group (ETG). The Group is one of the largest and fastest-growing integrated agricultural conglomerates in Africa. Mr Kanayo Awani, the Managing Director of Afreximbank’s Intra-African Trade Initiative, disclosed this …
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