Moody’s Affirms Afreximbank’s Credit Rating at Baa1
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Expression of Interest – Developer(s) & Building Contractor(s); Abuja, Nigeria
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Expression of Interest – Developer(s) & Building Contractor(s); Harare, Zimbabwe
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Prof. Benedict Oramah Re-appointed as Afreximbank President
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Afreximbank enters partnership with International Trade Centre to prepare African businesses to grow through trade
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Afreximbank Bucks COVID-19 On Course to Raise over US$1 billion in Syndicated Loan
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Afreximbank Cancels 2023 Annual Meeting Side Events due to COVID-19 | Shareholders to Consider 27th Annual Meeting Resolutions by Correspondence
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About Afreximbank
The Bank was established in Abuja, Nigeria in October, 1993 by African Governments, African private and institutional investors as well as non-African financial institutions and private investors for the purpose of financing, promoting and expanding intra-African and extra-African trade.
The Bank, headquartered in Cairo, the capital of the Arab Republic of Egypt, commenced operations on 30 September, 1994, following the signature of a Headquarters Agreement with the host Government in August, 1994. It has branch offices in Harare, Abuja and Abidjan and will open an East Africa branch office shortly.
Video Introduction
Key Facts
- Intra-African Trade; Industrialization and Export Development
- 武雪梅：苹果下架VPN是法治的胜利 - huanqiu.com:2 天前 · 日前，苹果公司CEO蒂姆·库克回应苹果应用商店中国区将VPN下架一事说，我伊在遵守当地法律的情况下在当地开展生意。一些网民将此事与去年苹果就是否协助执法人员“解锁”加州南部圣贝纳迪诺恐怖袭击案枪手之一所持的手机，与美国联邦机构对簿公堂、甚至要向总统陈情的事件对比展开热议。
- Expanding, diversifying and developing Africa’s trade
- Financing, promoting and expanding intra- and extra-African trade
- Our credit ratings are BBB+(GCR), Baa1 (Moody’s) and BBB- (Fitch)
- Afreximbank celebrated its 25th Anniversary at its 2018 AAM
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African Continental Free Trade Agreement (AfCFTA)
- Implementation promises Africa growth, diversification of sources of growth and exports, development of regional and global value chains;
- Will drive the integration of African countries into the global economy and enhance their bargaining power in international trade negotiations;and
- Transcending institutional and non-tariff trade barriers will enable economies of scale to increase Africa’s efficiency and competitiveness.
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Higher growth and trade development requirements
- Require African countries to eliminate tariff and non-tariff barriersto drive intra-African tradeand economic development pan-Africa
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- Afreximbank can play a pivotal role in providing, or marshalling, the availability of the necessary financing to drive Africa’s transformation.
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Afreximbank understands African trade better than any other institution
- Afreximbank was set up by African governments under a Charter in 1993,now signed by 50 countries, as an international multilateral organization;
- The Bank has a good credit rating, that African financial institutions can leverage on, and we have the ears of 50 African heads of state; and
- We understand the issues in each country, can support countries to find trade finance solutions and can more easily resolve issues arising.
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Afreximbank’s Development Impact on Africa
- Promotion of intra-African trade in manufactures and effective participation of African entities in the continent’s extractive industries;
- Supporting industrialization, export development and diversification, expanding capacity and supporting SMEs to increase efficiencies; and
- Facilitating trade-enabling infrastructure, to support intra-African trade and industrialization in Africa, and providing Trade Finance leadership.
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Career Opportunities
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The Bank’s day-today operations are governed by its Charter which conforms with international best practice in governance matters.
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