African Export-Import Bank (Afreximbank)

Join us as we aim to empower Africa’s trade professionals for long-term impact! The #ATFS2024 will equip participants with the skills needed to drive economic growth and foster stability in African financial institutions. Join us in shaping Africa’s trade future. Register now: https://lnkd.in/ePtce5Gg #ATFS2024 #Afreximbank #TradeFinance #AfricaTrade #DigitalSolutions

Afreximbank Delegation Visits Benin's Minister of Foreign Affairs From October 15th to 18th, 2024, a delegation from the African Export-Import Bank (Afreximbank) visited Benin for a series of high-level meetings with H.E. Olushegun Adjadi Bakari, the Minister of Foreign Affairs, and representatives from the Ministry of Finance. As a founding member and shareholder of Afreximbank, Benin's collaboration is pivotal for the Bank's initiatives. The discussions centred on deploying Afreximbank's business development staff as embedded partners at the Glo-Djigbé Industrial Zone (GDIZ), a public-private partnership between the Republic of Benin and Arise IIP. The delegation explored various development opportunities to support the industrial sector and SMEs involved in export activities. The Afreximbank delegation included Jean-Arsene Yerima (MICA), Regional Chief Operating Officer for Francophone West Africa, Jacqueline Clarisse Motsebo, Senior Manager and Board Secretary, and the Honorable Ernest Darboux, the Consul General of Benin in Côte d'Ivoire. They discussed impactful interventions to support Africa's industrial sectors and the development of SMEs. The Republic of Benin's engagement in these initiatives highlights the importance of collaboration in driving industrialization and economic growth in Africa. #Industrialisation #GlobalAfrica #Afreximbank

𝐄𝐦𝐩𝐨𝐰𝐞𝐫𝐢𝐧𝐠 𝐀𝐟𝐫𝐢𝐜𝐚𝐧 𝐂𝐨𝐧𝐭𝐫𝐚𝐜𝐭𝐨𝐫𝐬 𝐟𝐨𝐫 𝐀𝐟𝐫𝐢𝐜𝐚’𝐬 𝐈𝐧𝐟𝐫𝐚𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞 𝐆𝐫𝐨𝐰𝐭𝐡! Yesterday In Lagos, Nigeria, Afreximbank hosted the Intra-African Engineering, Procurement, and Construction (EPC) Workshop, bringing together key stakeholders to explore transformative solutions for empowering African contractors and accelerating regional infrastructure development. The workshop focused on strategies to support African contractors in successfully competing for and winning large-scale projects within Africa. The event was opened by Engr Femi Daramola, Special Adviser on Infrastructure to the Governor of Lagos State, who represented H.E. Babajide Sanwo-Olu. Following the keynote address, Mr. Ayman Elzoghby, Director of Trade, Investment, and Corporate Finance, delivered opening remarks that highlighted Afreximbank's efforts to reshape Africa's construction and infrastructure landscape. Panel discussions further explored financing solutions, strategies for enhancing local content, and opportunities to transform Africa’s infrastructure landscape. This workshop underscored Afreximbank’s commitment to equipping African contractors with the tools, financial support, and partnerships they need to lead infrastructure development across the continent.

𝐓𝐫𝐚𝐧𝐬𝐟𝐨𝐫𝐦𝐢𝐧𝐠 𝐍𝐢𝐠𝐞𝐫𝐢𝐚’𝐬 𝐄𝐧𝐞𝐫𝐠𝐲 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞! In Abuja yesterday, October 29, 2024, Afreximbank President Prof. Benedict Oramah met with Nigeria’s President H.E. Bola Ahmed Tinubu and the Implementation Committee for Crude Oil and Refined Petroleum Products in Naira, as Afreximbank was appointed the financial intermediary for this landmark initiative. With the commencement of PMS production from the Dangote Group’s 650,000-barrel-per-day refinery, the Federal Government of Nigeria has entrusted Afreximbank to support the new naira-based policy on crude and refined petroleum sales which is set to boost Nigeria’s economic growth, preserve foreign exchange, encourage local refining, and reduce reliance on imports. Nigeria’s Finance Minister, Hon. Wale Edun highlighted Afreximbank's critical role and experience in structuring complex transactions hence the appointment of Afreximbank as settlement bank to facilitate these vital transactions working with local banks and stakeholders. Economic Impact Highlights: - Private sector growth through local refining investments - Job creation across diverse industries - Enhanced government revenue for salaries, infrastructure, and social programs Afreximbank, alongside key stakeholders, is proud to support this transformative shift toward a prosperous and sustainable Nigeria. #Afreximbank #Nigeria #EnergySector #EconomicGrowth

From financial commitments and unforgettable showcases to inspiring conversations, experience the passion across music, fashion, film, sports, and gastronomy. #CANEXWKND2024 was a vibrant celebration of African creativity, talent, and passion.

The Afreximbank SME Development Workshop is coming to Lagos! In partnership with Woodhall Capital, the SME Development Workshop and Stakeholder Engagement Program – is tailored to empower African SMEs with the tools and resources they need to thrive. Get ready for insights on funding, technical support, and strategies to unlock new export opportunities. 📅 Date: Oct 30-31, 2024 📍 Location: Zinnia Hall, Eko Hotel & Suites, Lagos, Nigeria Don’t miss out on this chance to connect with leaders, gain critical insights, and drive growth! #AfreximbankSMEWorkshop #AfricanSMEs #TradeAcrossAfrica #Afreximbank

Collaboration is key! #ATFS2024 will bring together African bankers, corporates, regulators, and partner institutions to tackle the challenges of trade finance. Together, we can build a stronger African trade ecosystem. Register now: https://lnkd.in/ePtce5Gg #ATFS2024 #Afreximbank #TradeFinance #AfricaTrade #DigitalSolutions

AfrexInsure recently participated in the 28th African Insurance Organisation (AIO) African Reinsurance Forum in Cairo, themed “Harmonisation: Uniting the African (re)insurance markets for a sustainable future.” This event brought together industry leaders to discuss the vital role of harmonization in retaining premiums within Africa. Our discussions underscored the importance of unity in shaping a resilient and cohesive African (re)insurance landscape. #AfricanReinsuranceForum #28thAIO #AfrexInsure #GlobalAfrica #AfCFTA

Boosting Supply Chain Finance for Developing Economies At the 2024 World Bank Group Annual Meetings, Afreximbank President, Prof Benedict Oramah and other leaders from Multilateral Development Banks (MDBs) convened to address the critical need for supply chain finance (SCF) expansion in developing economies, especially for Small and Medium-sized Enterprises (SMEs). Although SCF is a fast-growing trade finance segment, many SMEs in these regions, especially in Africa, face barriers like weak legal frameworks, high costs, and limited access to local banks. With renewed commitment from African Export-Import Bank (Afreximbank), MDBs, governments, and financial institutions, this collaboration aims to enhance SCF access and promote trade, financial inclusion, and economic growth for SMEs across emerging markets including in Africa. World Trade Organization IFC - International Finance Corporation Asian Development Bank (ADB) EBRD IDB Invest International Islamic Trade Finance Corporation (ITFC) #Afreximbank #SupplyChainFinance #SMEs #GlobalTrade #FinancialInclusion

Creative Africa Nexus - CANEX WKND 2024 wraps up in Algiers with over $540M in creative sector deals! Highlights included 108 exhibitors, 11 masterclasses, and 4,000 attendees from 81 countries across Africa, the Caribbean, and the diaspora. Notable outcomes: €245M facility with New World Television for African sports media rights. $3M support for Mediwood Studios to boost Tunisia’s film industry. $350K committed by angel investors to empower emerging African creatives. Next up: Intra-African Trade Fair IATF 2025 in Algiers, welcoming 35,000+ global attendees to celebrate and expand Africa's creative industries! ---------------- Le CANEX WKND 2024 a pris fin à Alger, avec des engagements d’une valeur de plus de 540 millions de dollars US. ➡️ [EN] https://lnkd.in/eP8TzNSB [FR] https://lnkd.in/efis_Bup #CANEXWKND2024 #Afreximbank