African Export-Import Bank (Afreximbank) | Export Credit Agency (ECA) in Africa

Export Credit Agency (ECA) in Africa

African Export-Import Bank (Afreximbank) |
Export Credit Agency (ECA) in Africa
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About African Export-Import Bank

The African Export-Import Bank (Afreximbank) was established in Abuja, Nigeria in October 1993 by a conglomerate of African governments, 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, which is currently headquartered in Cairo, the capital of the Arab Republic of Egypt, commenced operations on 30 September 1994, and has branch offices in Harare, Abuja and Abidjan, with an East Africa branch set to open shortly.

Its mission is to stimulate the consistent expansion, diversification and development of African trade while operating as a first-class, profit-oriented, socially responsible financial institution and a centre of excellence in African trade matters.

The banks’ strategy is based on four pillars, namely:

  • Promoting intra-African trade
  • Facilitating Africa’s industrialization and export development
  • Strengthening trade finance leadership
  • Improving financial performance and soundness.

A summary of African Export-Import Bank

Products and services offered by African Export-Import Bank

  • Trade and Project financing
  • Export development
  • Guarantees
  • Trade information and advisory

Raw Materials – From tobacco to spices, gold to bronze, commodities represent a large proportion of our trade finance portfolio

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Finished Goods – Our innovative structuring capabilities allow us to put together complex finance structures, even if the end goods are finished

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Metals – From scrap metal to alloys, we help traders and distributors access trade, receivable or PO finance for iron, steel and non-ferrous metals

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Key Stats

Name:

African Export-Import Bank

Region:

Africa

CEO:

Prof. Benedict O. Oramah (President)

Founded:

1993

Employees:

476

Government:

African Governments, African private and institutional investors as well as non-African financial institutions

Company Number:

--

Address:

P.O. Box 613 Heliopolis, Cairo 11757, Egypt

E-mail Address:

feedback@afreximbank.com

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About the Author

Sheena Magdaraog is responsible for the TFG Weekly Trade Briefings at Trade Finance Global.

With an extensive background in WordPress CMS and Digital Marketing, she loves the digitalization of trade and is fascinated about its impact on day to day transactions.

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