Afreximbank tries to link potential businessmen, investment opportunities in Egypt, Angola

Thu, 31 Mar 2022 - 03:31 GMT

Afreximbank always seeks to get trade and investment parties across Africa to join hands, she added.

Egypt took up 23% of Afreximbank loan portfolio by end of October: Vice chief

Sun, 28 Nov 2021 - 12:00 GMT

He added that out of the $2.7 billion worth of direct financing the bank has approved for Egyptian companies this year, $1.6 billion has been disbursed, while the rest is expected to be disbursed within the next few days.

Afreximbank, AFD in Egypt present visions on post-COVID-19 recovery

Tue, 10 Nov 2020 - 01:54 GMT

The event is part of their shared effort to foster sustainable development as Africa recovers from the COVID-19 pandemic.

Afreximbank provides Egypt’s banking sector with $3.55B to soften COVID-19 repercussions

Thu, 16 Jul 2020 - 12:32 GMT

The Bank has also provided $300 million to the National Bank of Egypt to support activities aimed at expanding intra-African trade.

$2.3bn worth of Afreximbank investments in Egypt, says official

Tue, 06 Aug 2019 - 10:15 GMT

The African Export-Import Bank is investing some 2.3 billion dollars in Egypt, said Global Head of Advisory & Capital Markets of Afreximbank Ibrahim Sagna Tuesday.

Afreximbank announces inking deals worth $27B during Intra-African Trade Fair

Sun, 16 Dec 2018 - 02:28 GMT

The figure exceeds the bank’s target of $25 billion, it said, noting that the signed agreements cover a number of development projects in Tanzania, Zimbabwe, Borkina Faso, Nigeria and Côte d’Ivoire.

7th meeting of African Union Trade Ministries kicks off Dec. 12

Wed, 12 Dec 2018 - 03:15 GMT

Luke clarified that the member countries agreed to liberalize 90 percent of trade movement.

Afreximbank: CFTA starting point of Africa's development

Sun, 09 Dec 2018 - 03:47 GMT

The president of the African Bank for Export and Import (Afreximbank), Benedict Orama, said Sunday he considers the Continental Free Trade Area (CFTA) as the starting point and gateway for Africa's development.

Orascom Investment agrees to borrow $170M from Afreximbank

Wed, 28 Nov 2018 - 12:34 GMT

The board of directors of Orascom Investment Holding approved to obtain a term facility of up to $170 million from the African Export-Import Bank.

Egypt, Afreximbank discuss joint cooperation

Wed, 12 Sep 2018 - 11:47 GMT

Nassar on Wednesday had talks with a delegation from the African Export-Import Bank (Afreximbank) on current projects carried out by the bank in Egypt.

Afreximbank to organize conference to showcase Intra-African Trade Fair

Mon, 28 May 2018 - 04:08 GMT

The meeting will include a press conference and a panel discussion entitled "Towards a Strategy to Deepen Trade Exchange between Egypt and Africa."

Afreximbank taps Islamic finance to support Africa trade

Tue, 09 Jan 2018 - 10:16 GMT

Cairo-based Afreximbank obtained a $100 million financing from the Islamic Corp for the Development of the Private Sector.

Afreximbank targets intra African trade to be $250B by 2021

Tue, 19 Dec 2017 - 07:00 GMT

Afreximbank has an ambitious plan to raise Intra-African trade to $250 billion by 2021from the current value which stands at $170 billion.

Afreximbank signs $500M with Export Development Bank of Egypt

Fri, 08 Dec 2017 - 11:20 GMT

Beneficiaries of the loan must be exporters located in Egypt and the products must be of Egyptian origin.

Business news wrap-up

Wed, 06 Dec 2017 - 05:07 GMT

A wrap-up for the most prominent business news of the day.

Egypt to finish Afreximbank repayments next week

Wed, 06 Dec 2017 - 02:35 GMT

The CBE disbursed $2 billion to the African bank earlier this week.

Business News Wrap-up

Tue, 05 Dec 2017 - 08:39 GMT

A wrap-up of the most prominent business news of the day.

Reuters: Egypt to pay off last $1.2B tranche to Afreximbank

Tue, 05 Dec 2017 - 05:12 GMT

CBE will pay back on December 7 the last $1.2 billion tranche of a $3.2 loan to the African Export-Import Bank.

Wrap-up of today's business news

Mon, 04 Dec 2017 - 07:01 GMT

A wrap-up of the most prominent business news of the day.

MENA: CBE pays back $2 billion to Afreximbank on Monday

Mon, 04 Dec 2017 - 05:22 GMT

Egypt’s central bank paid back $2 billion to the African Export-Import Bank (Afreximbank) on Monday.