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