Latest in Highlight

Advertising Area

Latest in

Afreximbank launches Mansa, Africa’s due-diligence data platform

The African Export-Import Bank (Afreximbank) has launched “Mansa”, a pan-African customer due-diligence platform that will facilitate African trade by providing the single trusted source of primary data required to conduct due diligence checks on counterparties in Africa. The Mansa platform is being positioned as the centralised “go-to” platform for fulfilling client due-diligence (CDD) and know-your-customer …

Shaimaa Al-Aees

Afreximbank signs $1bn SATIPP with South Africa to promote African trade 

The African Export-Import Bank (Afreximbank) signed on Tuesday an agreement with South Africa, the South Africa-Africa Trade and Investment Promotion Programme (SATIPP), with funds of $1bn. Benedict Oramah, president and chairman of Afreximbank’s board of directors, signed the agreement with Kutoane Kutoane, CEO of Export Credit Insurance Corporation of South Africa (ECIC). The SATIPP is …

Shaimaa Al-Aees

Afreximbank provides $150m for Egyptian factoring companies within 5 years

The African Export-Import Bank (Afreximbank) is providing $150m for Egyptian factoring companies within 5 years, according to the Managing Director of Intra-African Trade Initiative of Afreximbank Kanayo Awani. Awani told Daily News Egypt that the funding began this year and will end in 2021. Awani noted that the bank is very interested in the file …

Shaimaa Al-Aees

CBE pays $600m to Afreximbank

Governor of the Central Bank of Egypt (CBE) Tarek Amer said that the CBE paid $600m to the African Export-Import Bank (Afreximbank). This increases the total amount repaid by the CBE to Afreximbank to $2.6bn, according to the Middle East News Agency. Amer said that the last installment due to Afreximbank worth $600m will be …

Daily News Egypt

Afreximbank signs loan to Banque Misr worth $200m next week

The African Export-Import Bank’s (Afreximbank) board of directors approved granting a loan to Banque Misr worth $200m. Banque Misr is the second government bank to receive a loan from Afreximbank this year. The National Bank of Egypt (NBE) announced receiving $300m from Afreximbank in April. Akef El Maghraby, vice chairperson of Banque Misr, told Daily …

El Husseiny Hassan

Afreximbank grants NBE $300m financing facility

The African Export-Import Bank (Afreximbank) has granted a $300m financing facility to the National Bank of Egypt (NBE) to support Egypt’s industrialisation efforts. President of Afreximbank Benedict Oramah and chairperson of NBE Hisham Okasha signed the Industrialisation Support Facility agreement on 27 April on behalf of their respective institutions during a ceremony held at NBE’s …

Shaimaa Al-Aees

The 1952 family and conspiracy theory (2-3)

I am wondering how the conspiracy theory is used against Egypt? In other words: why do some sides promote this theory? And against whom? We tried in the previous article to highlight one of the reasons of the use of conspiracy theories to justify the criticism against authorities in Egypt due to human rights violations. …

Farid Zahran

AFREXIMBANK plans to increase its capital to $400m during 2017

The African Export–Import Bank (AFREXIMBANK) aims to increase its capital by $300-400m in 2017. The bank’s Manager, Banking Operations, Heba Aboul Ezz, noted that the bank’s capital was at $1.63bn in December 2016. She said that Egypt is a key partner in the bank, along with Egyptian banks, including the National Bank of Egypt, Banque …

Ahmed Farahat

Afreximbank funds EGPC with $200m

The African Export–Import Bank (Afreximbank) signed a credit facility agreement worth $200m with the Egyptian General Petroleum Corporation (EGPC) on Thursday to support the expansion of electricity generation and distribution in the country. Head of the bank, Benedict Okey Oramah, said the facility will secure the required fuel to support Egypt’s industrial sector through financing …

Daily News Egypt