African Export-Import Bank (Afreximbank)

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As the afternoon progressed on Day 2, Gwen Mwaba, Managing Director of Trade Finance & Correspondent Banking at Afreximbank, delivered an insightful presentation titled “Understanding Structured Trade Finance.” She shared invaluable expertise on various topics, including the Trade Finance Spectrum, potential risks in trade finance, essential steps for building a structured approach, and much more. #Afreximbank #AfricanTrade #ATFS2024 #GlobalAfrica

𝐏𝐫𝐨𝐟. 𝐁𝐞𝐧𝐞𝐝𝐢𝐜𝐭 𝐎𝐫𝐚𝐦𝐚𝐡 𝐇𝐨𝐧𝐨𝐫𝐞𝐝 𝐰𝐢𝐭𝐡 𝐭𝐡𝐞 𝐌𝐨𝐡𝐚𝐦𝐦𝐞𝐝 𝐒. 𝐁𝐚𝐫𝐤𝐢𝐧𝐝𝐨 𝐋𝐢𝐟𝐞𝐭𝐢𝐦𝐞 𝐀𝐜𝐡𝐢𝐞𝐯𝐞𝐦𝐞𝐧𝐭 𝐀𝐰𝐚𝐫𝐝 Prof. Benedict Oramah, President and Chairman of the Board of Directors at Afreximbank, has been awarded the prestigious 𝐌𝐨𝐡𝐚𝐦𝐦𝐞𝐝 𝐒. 𝐁𝐚𝐫𝐤𝐢𝐧𝐝𝐨 𝐋𝐢𝐟𝐞𝐭𝐢𝐦𝐞 𝐀𝐜𝐡𝐢𝐞𝐯𝐞𝐦𝐞𝐧𝐭 𝐀𝐰𝐚𝐫𝐝 at the African Energy Awards during AEC African Energy Week 2024. This distinguished honor celebrates Prof. Oramah’s outstanding contributions to Africa’s energy, oil, and gas sectors.   With a career spanning over three decades, Prof. Oramah has been a powerful force for sustainable development, leading funding initiatives for critical infrastructure projects and championing energy access across the continent.   Under his visionary leadership, Afreximbank has become instrumental in propelling Africa’s energy industry forward. Notably, the Africa Energy Bank, launched in 2024 in partnership with the African Petroleum Producers Organization, will drive energy investments across Africa with an initial share capital of $5 billion.   Prof. Oramah’s unwavering commitment to transforming Africa’s energy sector aligns with Afreximbank’s mission to build a prosperous, sustainable energy landscape for the continent.   #Afreximbank #BarkindoAward #AfricanEnergy #AEW2024 #AfricaEnergy

Day 2 of #ATFS2024 started off strong with an impressive presentation from Mr. Aidan Applegarth, Founder of Bankingwise Limited. He delivered two insightful sessions focused on the theme, “Navigating The Storm: Lessons in Commodities Financing From Recent Market Failures.” Using real-world examples, Mr. Applegarth highlighted the complexities of commodities finance, providing attendees with valuable insights into resilience and risk management in today's volatile market. It was a powerful way to kick off Day 2! #Afreximbank #AfricanTrade #ATFS2024 #GlobalAfrica

What an incredible evening! The #ATFS2024 Welcome Cocktail united delegates, speakers, and trade finance professionals from across Africa and beyond, creating an atmosphere filled with vibrant connections and shared excitement. The event showcased musical performances by Namibia’s own Top Cheri and mesmerizing dances from the Black Melody dancers. The night was brimming with fun, cultural experiences, engaging conversations, and new connections, all underpinned by a unified commitment to advancing Africa’s trade future. Be sure to watch the highlight video to relive this fantastic kickoff celebration. #Afreximbank #AfricanTrade #ATFS2024 #GlobalAfrica

Day 1 of #ATFS2024 was filled with groundbreaking insights, powerful presentations, and engaging discussions about Africa’s trade future! From the Trade Survey results to the digital transformation in African commerce, we explored key themes that are shaping the continent’s role in global trade finance. Be sure to watch the Day 1 Highlights video to relive the best moments, inspiring talks, and connections that are setting the stage for the rest of the week. Stay tuned—this is just the beginning!

𝐔𝐧𝐥𝐨𝐜𝐤𝐢𝐧𝐠 𝐀𝐟𝐫𝐢𝐜𝐚’𝐬 𝐄𝐧𝐞𝐫𝐠𝐲 𝐏𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥: 𝐏𝐫𝐨𝐟. 𝐁𝐞𝐧𝐞𝐝𝐢𝐜𝐭 𝐎𝐫𝐚𝐦𝐚𝐡’𝐬 𝐂𝐚𝐥𝐥 𝐭𝐨 𝐀𝐜𝐭𝐢𝐨𝐧 𝐚𝐭 𝐭𝐡𝐞 𝐀𝐟𝐫𝐢𝐜𝐚 𝐄𝐧𝐞𝐫𝐠𝐲 𝐖𝐞𝐞𝐤 𝟐𝟎𝟐𝟒 “Africa holds nearly 10% of the world’s oil reserves, 7% of its natural gas, and 40% of global solar potential, yet nearly 600 million Africans still lack access to electricity,” declared Prof. Benedict Oramah, Afreximbank President & Chairman, during his keynote at the AEC African Energy Week 2024 #AEW2024. Speaking from Cape Town, he urged leaders to address the “paradox – poverty in the midst of plenty” – that blocks the path to true energy security and economic progress. Prof. Oramah called for an “urgent reversal” through ambitious investments and local control. ➡️Prof. Oramah highlighted Afreximbank’s commitment, sharing that it has “disbursed over $34 billion to Africa’s energy sector,” and outlined two key steps to break free from outdated, colonial structures: 1️⃣ 𝐀𝐟𝐫𝐢𝐜𝐚𝐧 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐧𝐠 𝐟𝐨𝐫 𝐀𝐟𝐫𝐢𝐜𝐚𝐧 𝐞𝐧𝐞𝐫𝐠𝐲 2️⃣ 𝐂𝐫𝐞𝐚𝐭𝐢𝐧𝐠 𝐚𝐧 𝐞𝐧𝐞𝐫𝐠𝐲 𝐞𝐜𝐨𝐬𝐲𝐬𝐭𝐞𝐦 𝐭𝐡𝐚𝐭 𝐟𝐮𝐞𝐥𝐬 𝐠𝐫𝐨𝐰𝐭𝐡: To tackle the continent’s $240 billion energy investment gap, Afreximbank, with APPO, has founded the 𝐀𝐟𝐫𝐢𝐜𝐚 𝐄𝐧𝐞𝐫𝐠𝐲 𝐁𝐚𝐧𝐤 (AEB) – with an initial $5 billion in authorized capital. Set to open in early 2025, AEB will back Africa’s transition to sustainable, self-sufficient energy. Afreximbank also envisions the Gulf of Guinea as a refining powerhouse, exporting refined products to global markets, with the Pan-African Payment and Settlement System (PAPSS) allowing African nations to transact in local currencies, reducing forex pressures and stabilizing economies. Prof. Oramah closed with a powerful call: *”It’s high time we reversed the curse of inaction. The challenge of our era is to leverage Africa’s vast resources to secure energy and prosperity for future generations.”* Afreximbank stands ready to partner in unlocking Africa’s energy future, driving economic resilience and energy independence. #Afreximbank #AEW2024

What an electrifying afternoon at #ATFS2024! The stage was set for three standout presentations that are shaping the conversation about Africa’s trade future: Mr. Patrick Utomi, Trade Policy Advisor at Afreximbank, shared key findings from the ‘PAFTRAC—CEO Trade Survey 2024,’ providing insights into trade trends across Africa. Mr. Laurent Ruseckas, Executive Director at S&P Global, presented “Powering the Future: Africa’s Emerging Role in Global Energy Finance,” emphasizing Africa’s potential to become a global leader in energy. Mr. Anthony Wadsworth-Hill, Co-Founder and COO of Mercore Group Ltd., explored “Unlocking Potential: The Digital Revolution in African Commerce and the Imperative for Trade Fintech Adoption,” highlighting the transformative power of digital solutions in African trade. It's only Day 1, and #ATFS2024 is already sparking bold ideas for Africa’s trade ecosystem! Stay tuned for more powerful insights. #Afreximbank #AfricanTrade #ATFS2024 #GlobalAfrica

The day brings more inspiration with a thought-provoking presentation by Dr. Anthony Coleman, PhD, Development Research Economist and Senior Manager at Afreximbank. In his session, "Navigating Turbulence: Resilient Banking Strategies in a Shifting Landscape," Dr. Coleman explored essential strategies for banks to thrive amid economic changes. #Afreximbank #AfricanTrade #ATFS2024 #GlobalAfrica

The first session of #ATFS2024 featured an insightful presentation by Mr. Marc Auboin, Counsellor at the World Trade Organization. Under the theme "Empowering Africa’s Trade Ecosystem: Unleashing the Potential of Supply Chain Finance in the Era of Integration," Mr. Auboin explored strategies to drive growth and resilience in Africa’s supply chains. His expertise set a powerful tone for the discussions to follow on empowering Africa’s trade future! #Afreximbank #AfricanTrade #ATFS2024 #GlobalAfrica