Thursday, June 4, 2020
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Afreximbank

Afreximbank Demystifies COVID-19, Raises $1bn Syndicated Loan

 By Mathew Dadiya, Abuja The African Export-Import Bank (Afreximbank) has demystified market uncertainties caused by COVID-19 pandemic and successfully conclude a dual-currency Syndicated Loan, raising the equivalent of US$907.5 million. The loan comprised of two tranches of US$485 million and EUR390.4 million. A statement on Friday, by Tito Alai of the Bank’s Communications

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Afreximbank

COVID -19: Afreximbank Cancels 27th Annual Meeting

By Mathew Dadiya, Abuja Inview of the ravaging effect of the COVID-19 Pandemic, the African Export-Import Bank (Afreximbank) Monday, took what it described as “a difficult decision” to cancel the series of events, which were set around its 27th Annual General Meeting and to hold the Shareholders’ meeting by correspondence. Afreximbank President, Prof.

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Afreximbank

Afreximbank Announces $3bn Fund to Mitigate COVID-19 Effect on Africa

By Mathew Dadiya, Abuja The African Export-Import Bank (Afreximbank) has announced a $3 billion facility, named Pandemic Trade Impact Mitigation Facility (PATIMFA), to help African countries deal with the economic and health impacts of the COVID-19 pandemic. Obi Emekekwue, Director and Global Head, Communications and Events Management at the Afreximbank in a

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Afreximbank

Afreximbank Institutes $500-Million Creative Industry Support Fund

The Creative Africa Exchange Weekend (CAX WKND), Africa’s first continental event dedicated to promoting exchange within the creative and cultural industry, kicked off in Kigali at the weekend with Prof. Benedict Oramah, President of the African Export-Import Bank (Afreximbank) announcing a $500-million envelope to support the production and trade

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