The African Export-Import Bank (Afreximbank) 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 was established under the twin constitutive instruments of an Agreement signed by member States and multilateral organizations, and which confers on the Bank the status of an international multilateral organization; as well as a Charter, governing its corporate structure and operations, signed by all Shareholders.
The Bank, headquartered in Cairo, the capital of the Arab Republic of Egypt, commenced operations on September 30, 1994, following the signature of a Headquarters Agreement with the host Government in August, 1994. The Bank has branch offices in Harare, Zimbabwe, and Abuja, Nigeria.
Vision: To be The Trade Finance Bank for Africa.
Mission Statement: To stimulate a 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 Bank has four categories of shareholders, namely:
CLASS “A” – comprising African governments, central banks, African regional and sub-regional institutions.
CLASS “B” – consisting of African private investors and financial institutions.
CLASS “C” – made up of non-African financial institutions, export credit agencies and private investors.
CLASS “D” – a new category created in December 2012, under which any person or entity can be allotted shares.
- 22 January 2018 – JSC Russian Export Centre joins Afreximbank as Shareholder
- 24 December 2017 – The Islamic Corporation for the Development of the Private Sector (ICD) and African Export-Import Bank (Afreximbank) sign First-ever Line of Financing agreement
- 18 December 2017 – Afreximbank and AGF Agree to Collaborate in Supporting Trade
- 9 December 2017 – Afreximbank and Attijariwafa Bank Sign MOU to Support Trade Across Africa
- 8 December 2017 –Afreximbank and EBE Sign Agreement for $500 Million Export Support Scheme
- 30 November 2017 – Central African Republic is Afreximbank’s Latest Participating State
- 29 November 2017 – South Africa Joins Afreximbank as a Shareholder
- 21 November 2017 – Eritrea Joins Afreximbank as Participating State
- 17 November 2017 – Afreximbank Raises $150 Million Equivalent in First-ever Samurai Syndicated Term Loan Facility
- 10 November 2017 – Afreximbank’s Structured Trade Finance Seminar Ends with call for Trade and Investment-Enabling Environment in Africa
- 14 October 2017 – Afreximbank Pushes Agenda in High-Level Bilaterals at World Bank-IMF Annual Meetings
- 21 September 2017 – Comoros Joins Afreximbank as Participating State as Chad, South Sudan Conclude Ratification
- 19 September 2017 – South Sudan Delivers Ratification Instrument to Afreximbank
- 4 July 2017 – Afreximbank Announces Global Facility for “Intra-Champs” as it Hosts Top African Multinationals
- 28 June 2017 – Speakers Highlight Need for Regional Integration as Afreximbank AGM opens
- 26 June 2017 – Madagascar is Afreximbank’s Newest Participating State
- 12 June 2017 – Afreximbank President Meets Burkinabe President, Announces Support for Development of Cotton Value Chain in West Africa
- 7 June 2017 – Afreximbank and Development Bank of Belarus Agree $150-Million Facility for Belarus-Africa Trade
- 6 June 2017 – Afreximbank Sees Africa Advancing to Centre of Global Trade
- 2 June 2017 – Afreximbank Closes Record $632.9 Million and Euro 499.6 Million Syndicated Term Loan Facility
- 25 May 2017 – Afreximbank Urges DFI Partnerships to Push Africa’s Industrialisation
- 25 May 2017 – Afreximbank Pursues High-Level Engagements at African Development Bank Annual Meetings
- 25 May 2017 – Ivorian Vice President Receives President Oramah
- 18 May 2017 – Afreximbank’s financing to Nigeria tops $35 billion
- 17 May 2017 – Afreximbank says Senegal Pipeline now $1.6 billion
- 17 May 2017 – Afreximbank to commit up to $500 million to revive Gambia’s agriculture, financial services and tourism infrastructure
- 17 May 2017 – Afreximbank pledges financial support for Guinea’s development plan and power agenda
- 29 April 2017 – Afreximbank Grants $300 million to National Bank of Egypt to Support Industrialisation
- 19 April 2017 – Afreximbank Pledges Support to Cape Verde
For more information: www.afreximbank.com.