Afrexim Bank

The African Export-Import Bank (Afreximbank) has signed a Memorandum of Understanding (MoU) with the World Trade Organization (WTO) to enhance their collaborative efforts in promoting global trade by leveraging Africa’s unique resource endowment. The MoU establishes a framework for harmonizing and coordinating trade development activities on the continent. Collaborative Efforts in the Cotton Industry Afreximbank and the WTO are part of an inter-agency partnership aimed at transformative change in Africa’s Cotton-4 plus (C4+) countries—Benin, Burkina Faso, Chad, and Mali, with Côte d’Ivoire as an observer. This agreement will enable both organizations to expand their support for the cotton sector beyond…

African Export-Import Bank (Afreximbank) is providing a US$60 million line of credit and a US$20 million Afreximbank Trade Facilitation Programme (AFTRAF) facility to CBZ Bank Limited, Zimbabwe’s largest bank. In two deals signed at the recently concluded Afreximbank Annual Meetings, the line of credit facility will strengthen financial intermediaries’ capacity to support SMEs through financing product and capacity building, indirectly support export-oriented Zimbabwean businesses and enable them to generate much-needed foreign exchange, thus easing the pressure on foreign currency in the country. The AFTRAF facility will enable CBZ Bank to issue letters of credit confirmed by Afreximbank at a time…

Afreximbank and WTO Sign MoU to Boost African Trade and Cotton Industry

Afreximbank signs US$80 million for Zimbabwe’s CBZ Bank