Afreximbank urge expansion of continent’s regional value chains

Kanayo Awani, Managing Director, Intra-African Trade Initiative, Afreximbank (centre), with Peter Mulroy, Secretary General, FCI (right), and Ismaila Gueye, Coordinator at the Directorate of Financial Sector and Competitiveness, Ministry of Economy and Planning, Senegal, after the opening of the conference in Dakar. African countries should take make use of factoring in order to take advantage […]

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NEXIM Bank urges SMEs in Southeast and Delta states to access $5 billion export facilities

The Nigerian Export-Import Bank (NEXIM) urges Small and Medium Entrepreneurs (SMEs) in Southeast and Delta States to Access N550 Billion, $5 billion, Export Facilities. The Nigerian Export-Import Bank (NEXIM) has called on export-oriented Small and Medium Entrepreneurs in the Southeast and Delta States to access the N500 billion, $5 billion, Export Stimulation Facility (ESF), and […]

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Fortis Microfinance Bank plc In Talks With Lenders To Restructure Facilities

  * due to accounting irregularities observed during q3, previous financials may have to be restated where necessary‍​ * with the approval and guidance of the cbn, fortis is currently engaged in a “far-reaching house cleaning exercise” * identified three individuals to join as independent directors who have no previous relationship with co * negotiations […]

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Banking: First Bank leads in ATM usage

First Bank of Nigeria Limited has said that its Automated Teller Machines (ATMs) presently accounts for 37 percent of bills payment services on ATMs in Nigeria’s banking industry. In 2017, about 402,102 bill payments were made through the Bank’sATMs while the value of airtime purchase was about N1.7 billion. To cater for the financial services […]

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AfDB set to launch 2018 edition of its yearly flagship report

The African Development Bank is set to launch the 2018 edition of its yearly flagship report.. As a leading African institution, the Bank is the first to provide headline numbers on Africa’s macroeconomic performance and outlook. The African Economic Outlook bridges a critical knowledge gap on the diverse socio-economic realities of African economies through regular, […]

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Afreximbank supports Africans entrepreneurs with $260 million

The African Export-Import Bank (Afreximbank) has raised around $260 million via three sharia-compliant facilities to support small- and medium-sized businesses in the region, as African markets gradually open to Islamic finance. Cairo-based Afreximbank, which was founded by African governments and other investors in 1993 and focuses on trade finance, obtained a $100 million financing from […]

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First Bank introduces new mobile banking products

First Bank of Nigeria Limited has implemented new and exciting features on its mobile banking application – FirstMobile to enhance security and customers’ digital banking experience. The new features are The Card-in-Control functionality, the Quick Response (QR) Code, the Transaction receipt and Save beneficiary functions. The Card –in – Control functionality on the FirstMobile App […]

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CAR joins Afreximbank community (Countries on Afreximbank list)

The number of African countries represented on the African Export-Import Bank (Afreximbank) as participating states and/or shareholders has risen to 49 with the presentation of an Instrument of Accession to the Bank by the Central African Republic in Bangui. The presentation of the instrument took place during a visit to President Faustin-Archange Touadéra of Central […]

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EIB, Afreximbank agree to 100m Euros expenditure

  The European Investment Bank (EIB) has signed its first, landmark agreement with the African Export Import Bank (Afreximbank). The agreement involves a finance facility for EUR 100m from the EIB. The seven-year loan will finance trade-related investments and projects in Sub-Saharan Africa. It will support African promoters carrying out small and medium-sized long-term investments […]

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