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AfCFTA : Afreximbank Pledges $40 billion to Support Intra-African Trade

Addressing the second African Sub-Sovereign Governments Network (AFSNET) Conference in Abuja, organised by the Afreximbank in collaboration with the secretariat of AfCFTA and the Nigeria Governors’ Forum, the President and Chairman of the Board of Directors, Afreximbank, Prof Benedict Oramah, pledged the commitment of Afreximbank in the coordinated efforts to...

African Trade Report 2022:” Africa has a bright future”

African trade will have been resilient during the Covid 19 pandemic. This is the conclusion of Afreximbank's Intra-African Trade 2022 report. And it could see a great and strong growth, if we capitalize on the CCI and the AfCFTA, recommends the report.   By the editorial staff Africa’s trade grew significantly...

Trade : Afreximbank Calls for Increased Intra-African Trade and Financing

By leveraging the continent’s youth and digital technology resources, the Afreximbank has made a strong case for the breakthrough of intra-African trade. Pan-African multilateral finance institution, the African Export-Import Bank (Afreximbank), is calling for an increase in intra-African trade and financing on the back of the continent’s youth and technology...
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Energy: Afreximbank, African Petroleum Producers Organization (APPO) Sign MoU for the Creation of a Multi-Billion-Dollar Energy Bank

Pan-African multilateral trade finance institution, the African Export-Import Bank (Afreximbank), has signed a Memorandum of Understanding (MoU) with the African Petroleum Producers Organization (APPO) for the creation of a multi-billion-dollar energy bank. Aimed at scaling up private sector investment in African oil and gas projects, the bank will provide critical...

Intra-African trade: “PAPSS provides the state-of-the-art financial market infrastructure connecting African markets to each other “

Launched on January 13, the Pan-African Payment and Settlement System (PAPSS), aground-breaking platform will save Africa more than US$5 billion annually in payment transaction costs, while it plays an increasingly significant role in accelerating the continent’s transactions underpinning the operationalization of the AfCFTA. By the editorial staff Officially launched on...
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AfCFTA :PAPSS officially launched to aid payment transaction across Africa

The Pan-African Payments and Settlement System (PAPSS) was officially launched in Accra, Ghana, on January 13, in a virtual event titled “Connecting Payments, Accelerating Africa’s Trade.” PAPSS, developed by African Export-Import Bank (Afreximbank), is expected to boost intra-African trade by transforming and facilitating payment, clearing and settlement for cross-border trade across...
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