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Stronger Egypt’s economy accelerates African growth: Afreximbank

Global growth is projected to strengthen to 3.9% in 2018 up from 3.7% in 2017, benefiting from the improvement of market sentiment, still-accommodative financial policies, strong global demand, and synchronised output expansion in both developed and developing economies, according to the African Export-Import Bank (Afreximbank) outlook to economy performance that will affect the scene in …

Daily News Egypt

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