Tag: Afreximbank

Afreximbank’s PAPSS continental payment system joined by 11 African central banks

November 8, 2023

The Africa Export-Import Bank, or Afreximbank, has incorporated 11 African central banks into its flagship Pan-African Payment and Settlement System (PAPSS) that offers an alternative ... Read More

APPO set to launch first bank by June 2024

November 7, 2023

The African Petroleum Producers’ Organization (APPO) is planning to get its first bank by June 2024 in a move to secure funding for the development ... Read More

Afreximbank pledges $1 Bln for Morocco-Africa trade & investment program

October 16, 2023

African Export-Import Bank has pledged $1 billion in support for Morocco-Africa Trade & Investment program which finances and promotes intra- and extra-African trade. An agreement ... Read More

China Development Bank to support SMEs in Africa with $400-million loan to Cairo-based Afreximbank

August 29, 2023

The China Development Bank (CDB) and the African Export-Import Bank (Afreximbank) inked Monday August 28 a $400-mllion loan to be used to support the financing ... Read More

Afreximbank’s flagship ‘Africa Trade Gateway’ launched to facilitate business

June 23, 2023

The Africa Trade Gateway (ATG) — a suite of five digital platforms designed as a single window — was officially launched by the African Export-Import ... Read More

Nine African countries join Afreximbank’s PAPSS platform in push for ‘de-dollarization’

June 22, 2023

A pan-African payment system that would allow African nations to trade among themselves, using their own currencies, is gaining momentum, as the platform has recently ... Read More

COMESA report highlights key achievements and main challenges to regional integration

June 18, 2023

COMESA, or the Common Market for Eastern and Southern Africa, has recorded a significant increase in trade both globally and within the region above the ... Read More

Gabon, Sierra Leone adhere to Fund for Export Development in Africa

May 5, 2023

Gabon and Sierra Leone have become member of the Fund for Export Development in Africa (FEDA), the impact investment arm of the African Export-Import Bank ... Read More

Afreximbank poised to help Senegal raise $500m

March 16, 2023

The African Export-Import Bank (Afreximbank) is in advanced discussion with Senegal’s oil refiner to raise $500 million in syndicated finance, a senior official of the ... Read More

ECA, Afreximbank launch digital platform to boost intra-Africa trade

February 1, 2023

The Economic Commission for Africa (ECA) and Afreximbank have announced the development of the African Trade Exchange Platform (ATEX), a digital business-to-business (B2B) and business-to-government ... Read More