|African Export-Import Bank (Afreximbank) |
Export Credit Agency (ECA) in Africa
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
- Trade information and advisory
Raw Materials – From tobacco to spices, gold to bronze, commodities represent a large proportion of our trade finance portfolio
Finished Goods – Our innovative structuring capabilities allow us to put together complex finance structures, even if the end goods are finished
Metals – From scrap metal to alloys, we help traders and distributors access trade, receivable or PO finance for iron, steel and non-ferrous metals