Afreximbank urges prioritisation of export trading companies to drive African SME participation in global trade
The African Export-Import Bank (Afreximbank) has called on African countries to prioritise the development of public and private export trading companies (ETCs) in order to position the continent’s small and medium enterprises (SMEs) to participate effectively in global trade.
Des PDG, des chefs d’État, des ministres, des investisseurs et des dirigeants de l’ONU seront rejoints par des stars du monde de la musique, du sport et du cinéma pour un forum exclusif de deux jours consacré à l’avenir de l’Afrique
The African Export-Import Bank (Afreximbank) signed an MoU with the United Arab Emirates (UAE) Trade Center, to promote the TRADAR Club solution in the market.
The China Development Bank (CDB) today in Cairo signed a development-focused agreement to provide the African Export-Import Bank (Afreximbank) with a US$400-million term loan facility to support the financing of small and medium-sized enterprises (SMEs) across Africa.
South African development funder, the Industrial Development Corporation (IDC) and the Bank of China (BoC) have signed a Framework Agreement aimed at strengthening regional trade and investment.
[Chronique]Frida Frans: L'impact des coups d'État sur les accords de commerce et la stabilité économique en Afrique de l'Ouest
La récente série de coups d'État en Afrique de l'Ouest a entraîné des bouleversements politiques dans la région. Ces coups d'État survenus au Mali, en Guinée, au Burkina Faso et au Niger se caractérisent par des changements soudains et souvent violents à la tête du pays.
GCR Ratings has affirmed Afreximbank’s international scale long and short-term issuer ratings of A and A2
Leading Credit Rating Agencies Affirm Afreximbank’s International Scale Long and Short-term Issuer Ratings of A/A2 and A-, with “Stable” Outlook.
Afreximbank and Development Reimagined support access of high-end, sustainable Made-in-Africa Brands to China
In continuation of its strategy to assist African businesses in increasing their international presence, Afreximbank and international consultants Development Reimagined (DR) have entered into a partnership to promote the entry and sale of high-end sustainable African brands in China.
[Column] Frida Frans: The impact of Coup d’état on trade agreements and economic stability in West Africa
The recent series of coup d'état incidents in West Africa has resulted in significant political upheaval across the region. These prominent coups occurrences in Mali, Guinea, Burkina Faso, Niger are characterized by sudden and often forceful changes in leadership.
[Africa-Russia Summit] Afreximbank reiterates prioritization of food security and advancing the AfCFTA
Afreximbank reiterates prioritization of food security, promoting trade & investment and advancing the African Continental Free Trade Agreement (AfCFTA) at 2nd Russia-Africa Economic & Humanitarian Forum
PAPSS, the Pan-African Payment and Settlement System to announce the signing of Memorandums of Understanding (MOUs) with five African multinational commercial banking groups: Access Bank Group, Ecobank Group, KCB Group, Standard Bank Group, and UBA Group.
ICEX Spain Trade and Investment and the African Development Bank have signed a cooperation agreement to consolidate engagement of Spain’s private sector for urban development in Africa.
Afreximbank is ramping up support for factoring in Africa with the signing of deals to provide lines of credit totaling EUR 23 million to enable factoring companies expand their factoring activities in Africa.
The African Export-Import Bank (Afreximbank) yesterday in Accra launched the Africa Trade Gateway (ATG), a suite of five digital platforms that have been designed as a single window to enable the Bank better deliver on its mandate by providing critical services to support and promote African trade and the implementation of the African Continental Free Trade Agreement (AfCFTA).
The Board of Directors of the African Development Bank has approved a $23.04 million loan to Prime Meridian Docks AssetCo Ltd (PMD), a special purpose entity to co-finance the construction of a modern floating dock ship repair facility in Ghana’s western Takoradi port.
The Afreximbank in Accra launched its wholly owned 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.
The Egyptian capital city of Cairo has been announced as the new host of the third Intra-African Trade Fair (IATF2023) which will now take place from 9 to 15 November 2023.
President William Ruto has announced plans to remove visa requirements for African nationals travelling to Kenya for business as a first major step to remove barriers to intra-Africa trade.
The launch of Capacity-Building Program to foster economic and financial development of African cities
United Cities and Local Government of Africa (UCLG Africa), in partnership with the African Development Bank (AfDB), is organizing the second phase of its capacity-building program for Chief Financial Officers of African cities.
The African Export-Import Bank (Afreximbank) walked away with two of the most prestigious prizes at the African Banker Awards 2023 held in Sharm El Sheikh, Egypt, receiving the awards for the African Bank of the Year and the DFI of the Year.
Encompassing 54 countries and 1.3 billion people and accounting for revenue of over US$3.4 trillion in terms of GDP, the AfCFTA’s potential value is enormous.
Change Africa’s narrative through partnerships and investment, says Africa Investment Forum’s Senior Director.
Le gouvernement, les parlementaires, les grandes entreprises et les start-ups du Japon manifestent un intérêt croissant pour investir davantage en Afrique.
frican Export-Import Bank (Afreximbank), through its Advisory and Capital Markets (ACMA) division, has acted as Joint Lead Manager for the debut US$300 million RegS-only international senior unsecured notes issued by Mauritius Commercial Bank (MCB) under its US$3 billion Global Medium Term Note Programme.
The East African Business Council (EABC) emphasizes the vital role of business associations in the successful implementation of the African Continental Free Trade Area (AfCFTA).
Les entrepreneurs, les consultants et les fournisseurs de la banque sont passibles de sanctions, selon la nouvelle politique de dénonciation.
The African Development Bank has signed a $525,000 grant agreement with Africa Fintech Network (AFN) for the setup of the Africa Fintech Hub, an online portal that will serve as a one-stop shop for all fintech activities in Africa.
PAPSS et ASEA établissent un partenariat pour révolutionner les paiements transfrontaliers des bourses de valeurs en Afrique
La Banque africaine d'import-export (Afreximbank) et le secrétariat de la zone de libre-échange continentale africaine (AfCFTA) ont développé le PAPSS, qui permet des paiements transfrontaliers instantanés en monnaie locale.
African Development Bank Group, JICA sign $350 million loan agreement to support Africa’s private sector
The African Development Bank and the Japan International Cooperation Agency (JICA) signed a JPY 44,100,000,000 ($350 million) loan to finance the Bank’s support for private sector operations in Africa.
Chargel mobilise 2,5 millions $ des ressources supplémentaires pour renforcer son portefeuille clients et étendre sa présence au Sénégal.
The Republics of Kenya, Congo and Chad are the latest signatories to the Establishment Agreement of the Fund for Export Development in Africa (FEDA), the development impact-oriented subsidiary of African Export-Import Bank (Afreximbank).
Interview de Mme Adji Sokhna Mbaye, DG de BOAD TITRISATION arrangeur de l’opération et M. ETSE, DG de SGI TOGO co-chef de file du Syndicat de Placement.
The AfCFTA Secretariat and African Export-Import Bank (Afreximbank) signed the Host Country Agreement for the AfCFTA Adjustment Fund with the Republic of Rwanda.
Africa Centres for Disease Control and Prevention (CDC) hosts lead partners of Partnerships for African Vaccine Manufacturing (PAVM) for review of vaccine manufacturing ecosystem in Africa.
Through its Youth Protocol, the AfCFTA recognises that young people can play a critical role in the achievement of the free trade zone by initiating youth-led initiatives in agriculture, financial technology, IT and in the creative industry.
[Column] Patrick Utomi: For AfCFTA to deliver on its promise, we must address concerns of entrepreneurs
We must recognise the preponderance of micro-small and medium sized enterprise in the continent’s commercial landscape.
Overcharges, taxation, and accumulation of fees in African air transportation can be a hindrance in achieving and success of African Continental Free Trade Area
The trade and investment layout of the African Continent is a story of both promise and missed opportunities. With a population of over 1.2 billion, Africa promises a huge and promising market.
In continuation of the series of webinars that has been ongoing throughout the year, the African Business Roundtable and the African Import Export Bank (Afreximbank) are set to hold yet another webinar on capacity building and investor preparation.
L'African Business Roundtable et Afreximbank organisent un séminaire en ligne gratuit le 28 septembre
Dans la continuité de la série de webinaires qui s'est déroulée tout au long de l'année, l'African Business Roundtable et la Banque Africaine d'Import-Export (Afreximbank) vont organiser un autre webinaire sur le renforcement des capacités et la préparation des investisseurs.
[Column] Margaret Soi: How AfCFTA promises to improve labour mobility and spur wealth creation in Africa
The African Continental Free Trade Area (AfCFTA) was signed on 21st March 2018 in Kigali, Rwanda, by 44 out of the 55 African countries, and brokered by the African Union (AU).
Dr. Mohamed El Sahili is the Chief Executive Officer of Medland Hospital, Zambia. As a medical doctor and entrepreneur, Dr. Sahili also serves on the board of key economic international organizations like the African Business Roundtable, the American Chamber of Commerce, Zambia, Olympic Youth Development Center and the Africa CEO Forum.
Le Dr Mohamed El Sahili est le directeur général de l'hôpital Medland, en Zambie. En tant que médecin et entrepreneur, le Dr Sahili siège également au conseil d'administration d'organisations économiques internationales clés, telles que l'African Business Roundtable et l'American Chamber of Commerce.
Mima Nedelcovych est fondateur et président d'AfricaGlobal Schaffer, une société de conseil stratégique spécialisée dans le développement de projets, le financement de projets, la facilitation du commerce et les partenariats public-privé dans les pays en développement, et plus particulièrement en Afrique.
Kenya’s incoming government following the just concluded elections takes office amid ballooning public debt, chronic drought, COVID-19 effects, inflation, unemployment and the impacts of global shocks that have buffeted the nation.
[Column] Tobias Alando: What Kenya’s Intellectual Property Recordation Programme means for manufacturers
The growth in international trade, advances in technology, and changes in trading methods have come with new challenges that call for advanced strategies to effectively and efficiently combat illicit trade.
Siviwe Ngcingwana is the founder and CEO of Signet Seal Group, a diversified Pan-African company with growing interest across various sectors among them agriculture, renewable energy, mining, trading and deal brokering.
Established in 2018, the African Continental Free Trade Area (AfCFTA), represents perhaps Africa’s biggest opportunity for the next few decades in its battle against poverty of all forms, energy and infrastructure included.
AFCFTA or the Africa’s continental free trade agreement is essentially an opportunity for African enterprises to export directly to the rest of Africa, goods and services freely, encouraging trade, growth and development of African enterprises in general.
[Column] Chido Pamela Mafongoya, Veedushi Mooloo: How Mauritius can take advantage of the African Continental Free Trade Area
The AfCFTA gives Mauritius market access estimated to be as large as 1.3 billion people across Africa, with a combined gross domestic product (GDP) of $3.4 trillion.
The AfCFTA Secretariat and African Export-Import Bank (Afreximbank), have signed the Host Country Agreement for the AfCFTA Adjustment Fund with the Republic of Rwanda.
The real income is projected to increase between 2021-2035 as follows: Kenya (11.8%); Tanzania (10%); Uganda (3.8%); Rwanda (3.6%) (World Bank).
Spanning four countries – Ghana, Malawi, Nigeria and South Africa –, the programme was developed in 2021 to promote women’s participation in the AfCFTA and increase their access to capacity building and higher-productivity activities.
TradeMark Africa, Tony Blair Institute and Trade Catalyst Africa to support trade development across Africa
The three organisations will work closely to facilitate trade development to support implementation of the Africa Continental Free Trade Area (AfCFTA) which became effective in 2021.
Plus de 1 600 exposants venant de plus de 75 pays sont attendus à l’IATF2023 en novembre prochain, ainsi que plus de 35 000 visiteurs et acheteurs. L’IATF2023 devrait générer plus de 43 milliards de dollars en accords commerciaux et d’investissements.
La Banque africaine de développement s’associe à l’initiative African Hidden Champions d’AFG et DEG pour promouvoir l’industrialisation au niveau régional
Over 25 percent of intra-African trade gains in all services liberalized under AfCFTA will go to transport alone and nearly 40 percent of the increase in African services will be in the transport sector.
He said, SMEs should be empowered to trade under African Continental Free Trade Area Agreements (AfCFTA).
Le Bureau de coordination des États en transition de la BAD a organisé un atelier de formation à Yaoundé, pour renforcer les capacités des pays membres régionaux et des Communautés économiques régionales en matière d’application stratégique et opérationnelle du prisme de la fragilité.
Le deuxième sommet de Dakar sur le Financement du développement des infrastructures en Afrique s’est ouvert dans la capitale sénégalaise. Au programme, 69 projets d’infrastructures, d’une valeur de 160 milliards de dollars.
[Africa Prosperity Dialogue]: Africa needs modern, harmonised regulations for universal broadband coverage
MTN Group President and CEO Ralph Mupita has called for the modernisation and harmonisation of regulatory frameworks across Africa as well as the collective effort of all stakeholders to ensure that the continent can deliver universal broadband coverage by 2030.
Africa50 investit dans Scanning Systems pour construire des postes de contrôle juxtaposés afin de stimuler le commerce régional et la ZLECA.
Afreximbank launches TRADAR Club, a member-driven network to transform African trade and investments
African Export-Import Bank (Afreximbank) on 15 December 2022 in Cairo operationally launched the Afreximbank TRADAR Club, a prestigious member-driven network aimed at empowering international businesses and executives to transform trade and investments in Africa through trusted trade intelligence and advisory services.
The West African Development Bank (BOAD) and the Development Bank of Southern Africa (DBSA) signed a partnership agreement to foster inter-regional cooperation.
Cette plateforme qui s’inscrit dans le cadre de la vision stratégique 2030 des autorités ivoiriennes vise à offrir à la Côte d’Ivoire un outil performant servant de hub portuaire connecté au réseau logistique multimodal (mer, rail, route) de Bolloré Africa Logistics.
AFRICA needs to mobilise a staggering US$170 billion annually in long term financing to develop infrastructure key sectors, agriculture included to accelerate growth dwarfed by the COVID 19, conflicts and climate change.
The Board of Directors of the African Development Fund has approved a grant of $6.12 million to help strengthen public finance governance in low-income African countries.
Nigeria and Ghana conclude first successful transaction through the Pan-African Payment and Settlement System
PAPSS allows African importers to make real-time payments to suppliers, by eliminating the need to convert the amount to be transferred to their counterparts in a third (hard) currency first, such as US dollars or Euros.
BOAD et DBSA signent un protocole d’accord de partenariat en faveur de la coopération inter-régionale.
La signature entre la BOAD, la Banque Ouest Africaine de Développement et DBSA, Development Bank of Southern Africa témoigne de la volonté de la BOAD de s’inspirer de l’expérience des autres banques multilatérales sur les sujets relatifs aux questions d’inclusion en Afrique.
Kenya is set to benefit from a US$3 billion Country Programme from African Export-Import Bank (Afreximbank). This was announced during a meeting between Kenya’s President, His Excellency Dr William Ruto, and Professor Benedict Okey Oramah, President and Chairman of the Board of Directors of Afreximbank.
African Export-Import Bank (Afreximbank) has announced a historic lending arrangement to Botswana, in the form of a three-year Country Programme of up to US$1.5 billion(on a net basis), with funding for up to seven years for eligible transactions.
Cette année, les Market Days de l’Africa Investment Forum ont attiré 31 milliards de dollars d’intérêt de la part des investisseurs africains et mondiaux avec 63,8 milliards de dollars d’intérêt d’investissement mobilisé en 2022.
L’Afrique est prête à faire des affaires, disent les présidents africains aux investisseurs à l’ouverture de l’Africa Investment Forum
Afreximbank co-hosts Webinar on Intra-African Trade and Investment with the East African Business Council
The conversation addressed key challenges confronting African businesses when approaching intra-African trade, recognizing that 80% of Africa’s small businesses have no access to trade finance and over US$5 billion is lost due to currency conversion during transactions.
Eight countries have commenced guided trading under African Continental Free Trade Area (AfCFTA).
The African Continental Free Trade Area (AfCFTA) is a continental treaty that seeks to, among other things, eliminate tariff and non-tariff barriers that have hindered intracontinental trade and the movement of people and goods for centuries on the continent.
African Development Bank Group Approves $50 Million Trade Finance Risk Participation Partnership with Natixis
The agreement will enable Natixis to support African banks and their small and medium-sized enterprise (SME) clients to undertake more regional and international trade.
The African Business Roundtable (ABR), Africa’s foremost and continent-wide association of business and business leaders has concluded its free-to-attend webinar masterclass directed at the business community and with the purpose of sharpening project preparation skills to attract investor interest.
African Development Bank Vice President for Private Sector, Infrastructure and Industrialization Solomon Quaynor will join Africa's young generation of innovators, policymakers, champions and leaders at the 2022 Youth Connekt Africa Summit, taking place in Kigali, Rwanda, from 13 to15 October 2022.
The African Economic Conference is Africa’s leading forum for discussing the continent’s emerging challenges and opportunities and is jointly hosted by the African Development Bank, the Economic Commission for Africa, and the United Nations Development Program.
African Export-Import Bank (Afreximbank) has launched the Afreximbank Academy (AFRACAD), a learning, knowledge, and networking hub designed to help advance African trade through capacity building and leadership.
Uganda granted land to Afreximbank for the construction of the Afreximbank Africa Trade Centre in Kampala
African Export-Import Bank (Afreximbank) has been granted land in Kampala by the Ugandan Government to build an Afreximbank Africa Trade Centre (AATC). The infrastructure will facilitate the flow of trade information and provide trade services across the East Africa Region.
La configuration du continent Africain en matière de commerce et d'investissement est une histoire de promesses et d'opportunités manquées. Avec une population de plus de 1.2 milliard d'habitants, l'Afrique constitue un marché énorme et prometteur.
The second edition of the African Sub-sovereign Governments Network (AfSNET) conference, held in Abuja, Nigeria, unanimously called on African sub-nationals to play their full role in facilitating the implementation of the African Continental Free Trade Area (AfCFTA).
Professor Benedict Oramah, President and Chairman of the Board of Directors of African Export-Import Bank (Afreximbank) has received in Detroit, Michigan, USA, the 2022 Margaret H. Demant African Art Award, presented by the Friends of African and African American Art (FAAAA) of the Detroit Institute of Arts.
African Export-Import Bank (Afreximbank) announced the commercial launch of Afreximbank Trade Payment Services – or “AfPAY” – an intervention designed to facilitate the settlement of international trade on open account terms on behalf of identified African financial institutions and their clients.
Afreximbank and the Nigeria Governors Forum to announce the 2nd African Sub-Sovereign Governments Conference
African Export-Import Bank (Afreximbank), in collaboration with the Nigerian Governors Forum (NGF), has announced the second edition of the African Sub-Sovereign Governments Network (AfSNET) Conference set to take place on 30th September 2022 in Abuja, Nigeria.
The focus of the conference, organized by the African Development Bank and Transnet was building integrated regional freight system(link is external)s to boost intra-African trade and Africa's global trading position.
The Fund for Export Development in Africa (“FEDA”), the impact investment arm of the African Export-Import Bank (“Afreximbank”), set up to support intra-African trade growth, value-add export development and industrialization, is pleased to announce its first close of US$670 million across its four fund strategies.
For the AfCFTA to be truly successful, businesses in particularly Small and Medium Enterprises (SMEs) in critical sectors such as agriculture, manufacturing (clothing and textiles) and services (especially tourism), informal trading, and professional services in which women and youth are predominantly engaged, must be supported to thrive.
Le Gouvernement de la République de Côte d’Ivoire et la Banque africaine d’Import-Export (Afreximbank) a annoncé que le prochain Creative Africa Nexus Weekend (CANEX WKND) aura lieu à Abidjan, en Côte d’Ivoire, du 25 au 27 novembre 2022.
The three-day AfriCaribbean Trade and Investment Forum 2022 (ACTIF2022) hosted in Bridgetown, Barbados, ended on a high note with the signing of a total of 14 agreements and memorandums of understanding (MoUs) aimed at deepening economic ties between Africa and the Caribbean.
RapidCollect™ du Groupe Ecobank permet d'encaisser les paiements à travers l'Afrique avec un seul compte
Avec un seul compte, les entreprises clientes peuvent recevoir des fonds instantanément de leurs clients dans leur pays d'origine et les autres pays du réseau panafricain de Ecobank.
With only one account, business customers can receive funds instantly from their clients in their home country and across Ecobank’s pan-African network
Africa and the Caribbean can remove scars of middle passage through cooperation on regions’ great issues
In a keynote address to hundreds of participants gathered from across Africa and the Caribbean for the Forum, Ms. Mottley said that Africa and the Caribbean had the collective brainpower, creativity, discipline, resilience and capital to make a defining difference and called for the creation of air bridges between the regions.
Les particuliers et les entreprises rejoignent l'African Business Roundtable pour de nombreuses raisons, et les objectifs de l'organisation ont été soigneusement conçus pour les servir.
Individuals and businesses join the African Business Roundtable for numerous reasons, and the organization’s objectives have been carefully designed to serve them.
Kenyan manufacturers have tcalled on Government to address gaps that will hinder them from benefitting from the Africa Continental Free Trade Area (AfCFTA).
The Government of Barbados and Afreximbank have announced the first-ever Africa-Caribbean Trade and Investment Forum (ACTIF) scheduled to take place in Bridgetown, Barbados, from August 31 to September 3, 2022.
Marie-Laure Akin-Olugbade as Acting Vice President for Regional Development, Integration and Service Delivery
The African Development Bank has appointed Mrs. Marie-Laure Akin-Olugbade, née Ndongo-Seh, as Acting Vice-President of its Regional Development, Integration and Business Delivery Complex, with effect from 1st August 2022.