afreximbank

ERG

Afreximbank Lists Benefits Of ERG

November 20, 2019 7:02 am

Egypt’s decision to establish an export risk guarantee (ERG) company will give a major boost to the country’s role as a critical hub for intra-African trade and allow it to be a key driver in the implementation of the African Continental Free Trade Area agreement, President of the African Export-Import Bank (Afreximbank), Prof. Benedict Oramah has said.

Welcoming the announcement that the Board of Directors of the Central Bank of Egypt (CBE) had approved the establishment of an Export Credit Risk Guarantee company with a capital of $600 million, Oramah said the company would make it possible for Egypt to …

Putin Honours Afreximbank CEO With Russian National Award

Putin Honours Afreximbank CEO With Russian National Award

November 5, 2019 8:22 am

Russian President, Vladimir Putin on Monday bestowed the national honour of “The Order of Friendship” on Prof. Benedict Oramah, President of the African Export-Import Bank (Afreximbank) in Moscow. 

Spokesman of Afreximbank, Obi Emekekwue in a statement said the award took place during a ceremony held in the Kremlin, seat of the Government of the Russian Federation, and was witnessed by senior members of the government and other dignitaries.

The Order of Friendship is a state decoration established by Boris Yeltsin, the first president of the Russian Federation, and is awarded to Russian and foreign nationals for; Special merit in strengthening …

Afreximbank approves $1b for African trade

Afreximbank approves $1b for African trade

July 9, 2019 12:41 am

African Export-Import Bank (Afreximbank), has instituted a $1billion Agreement for the African Continental Free Trade Area (AfCFTA) Adjustment Facility to enable countries adjust in an orderly manner to sudden tariff revenue losses as a result of the implementation of the AfCFTA.

Afreximbank President, Prof. Benedict Oramah, who addressed the 12th Extraordinary Summit of African Union (AU) Heads of State, announced a series of initiatives to support the implementation of AfCFTA, yesterday in Niamey, Niger.

“This facility will help countries to accelerate the ratification of the AfCFTA,” he said, telling the heads of state that, by starting the operational phase of …

Afreximbank approves $1b for African trade

Afreximbank to support Eswatini with $140m credit facility

June 6, 2019 7:36 am

The African Export-Import Bank (Afreximbank), says it will provide a credit facility valued at  two billion Rands (about 140 million dollars)  to the Kingdom of Eswatini for trade and economic goals.

Prof.  Benedict Oramah,  Afreximbank’s President, in a statement said the facility would enable the Kingdom achieve required funding to meet trade and strategic economic goals.

Oramah made the announcement when he led a delegation of  the bank to visit King Mswati III of the Kingdom of Eswatini in Mbabane. 

He said that the facility would also enable the Kingdom to leverage its future financial flows as a tool for …

TRENDING

Breaking

𝐀𝐟𝐫𝐢𝐜𝐚 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐍𝐞𝐰𝐬, 𝐍𝐞𝐰 𝐘𝐨𝐫𝐤, is a nonpartisan online news portal founded on the truth to provide you with weekly, insightful articles written with precision and current updates on current events from Africa in particular and the rest of the world in general. All of our reports undergo extensive fact-checking to ensure their veracity, and we adhere strictly to the facts, no matter whose ox is gored.

follow on social media

Facebook Twitter Youtube Telegram Linkedin

subscribe to newsletter

© 2018 - 2020 Africa digital news, New York
Powered by

People and Polity