African Export-Import Bank (Afreximbank)

Ahead of the CANEX Weekend in Algiers, Algeria, from October 16-19, Afreximbank is proud to announce the reconstitution of the Creative Africa Advisory Group (CAAG). This group will guide the Bank’s Creative Africa Nexus Programme. The first meeting of the reconstituted CAAG took place at the Waldorf Astoria, Cairo, on July 9, 2024, co-chaired by H.E Amb. Minata Samate Cessouma, Commissioner for Health, Humanitarian Affairs and Social Development, African Union Commission and Senator Ben Murray-Bruce, Founder of Silverbird Group, Nigeria. CAAG is tasked with guiding Afreximbank’s strategy to support Africa’s creative and cultural industries. Members will serve two-year terms, focusing on CANEX Programme Implementation, CANEX Africa Digital Platform and CANEX Creations Incorporated. Other CAAG members include Alex Okosi, Managing Director, Google Africa, Didier Drogba, President, Didier Drogba Foundation, Azza Fahmy, Founder, Azza Fahmy Designs, and and many more esteemed leaders in the creative industry. Dr. Gainmore Zanamwe, on behalf of Mrs. Kanayo Awani: “Reconstituting CAAG marks a significant milestone. We will continue to support and empower Africa’s creative talents, ensuring their rightful place on the global stage.” Read more: https://lnkd.in/gcwfmsdx #CANEX #Afreximbank #CreativeAfrica #CANEXWKND2024 #AfricanCreatives CreativeAfricaNexus

An interview with Hon. Doris Nkiruka Uzoka-Anite, Minister of Industry, Trade and Investment (FMITI), Nigeria. She highlights the need for more inclusivity, especially regarding women's representation in panels and policymaking. Despite challenges, initiatives like the African Continental Free Trade Area show promise in promoting women's inclusion. Nigeria's strong presence underscores its significance in shaping Africa's future. #GlobalAfrica #Afreximbank #ACTIF2024 #GlobalAfricaProsperity #OnePeopleSharedAspiration

We are proud to announce that through our Creative Africa Nexus (CANEX) programme, we bring you the second edition of the vibrant short film competition and screening initiative, CANEX Shorts. CANEX Shorts is a competition designed to recognize and celebrate the talents of young filmmakers. Filmmakers between the ages of 18 and 35 are welcome to submit their films, not exceeding five minutes, via Filmfreeway, to be considered for selection. A selection of films, curated by the selection committee, will be sent to the jury who will then select a short list of 9 films that will be screened during CANEX WKND 2024, in Algiers, Algeria, October 16 - 19, 2024. The theme of the second edition of CANEX WKND is ‘One People, United in Culture, Creating for the World.’ Attendees will include creatives, policy makers, financial institutions, business and political leaders, development partners, thought leaders and the most powerful and respected names in the Creative and Cultural Industries from across the continent and the diaspora. For the selection criteria, how to enter and more information on CANEX WKND visit: https://lnkd.in/ebq2Kims #Afreximbank #GlobalAfrica #CANEX #CANEXWKND2024 CreativeAfricaNexus

Afreximbank is thrilled to announce the launch of an innovative capacity development program designed to empower African businesses to capitalize on the opportunities of the African Continental Free Trade Area (AfCFTA). 📅 Date: 9 - 13 September 2024 📍 Location: Cairo, Egypt In collaboration with the AfCFTA Secretariat and the American University in Cairo, Afreximbank Academy (AFRACAD) is hosting a comprehensive training program focused on the business implications and vast opportunities presented by the AfCFTA. This initiative aims to equip African corporates, trade institutions, and bank executives with the skills and knowledge needed to thrive in the evolving intra-African trade landscape. Dr. Yemi Kale, Afreximbank's Group Chief Economist, emphasizes the importance of this initiative in transforming Africa into a vibrant, integrated single market. “Afreximbank is a key supporter of the implementation of the AfCFTA whose focus is on transforming Africa from a fractured, commodity-dependent group of economies to a vibrant, integrated single market of about 2 billion people with a combined GDP of about US$3.4 trillion. In this regard, we believe that well-informed and prepared businesses are key to driving intra- and extra-African trade and investment.”, he stated. Read more: https://lnkd.in/erXkGfBB #Afreximbank #AfCFTA #AfricanTrade #AFRACAD #GlobalAfrica #IntraAfricanTrade

At the recently held African Energy Forum, Mrs. HELEN AIGBE BRUME, ACCA, Director of Project & Asset Based Finance at Afreximbank, participated in a leadership roundtable on "Energy Systems of the Future – Balancing Africa’s Needs with Global Goals" and a panel on "Striking a Balance for Africa’s Gas Projects – Building Cohesive Gas Value Chains and Developing Future Infrastructure". In these sessions, Mrs. Brume emphasized the importance of a coordinated approach to transitioning to sustainable energy systems tailored to Africa's unique needs. She highlighted the potential shift towards natural gas and renewable energy sources to tackle energy access and climate change challenges. She also discussed strategies to unlock Africa’s onshore gas potential through policy improvements, investment attraction, technical capacity enhancement, and strong infrastructure development. Moreover, Mrs. Brume showcased Afreximbank's initiatives to accelerate this transition, including support for renewable energy projects, climate-resilient infrastructure, and climate adaptation and mitigation financing. She highlighted the pivotal role of the Africa Energy Bank (AEB) in mobilizing the necessary financing for sustainable energy development and aligning with global energy transition goals. #Afreximbank #AfricanEnergyForum #GlobalAfrica Rogness Swai Dr. Matthew Opoku Prempeh Tchapo A. SINGO, PhD Nomfundo Maseti Souayeb Abdelali Deji Adegoke

Hon. Albert R. Ramdin, Minister of Foreign Affairs, Suriname shares insights from AAM2024: Progress in connecting Africa & the Caribbean is exponential, with Afreximbank playing a crucial role. Collaboration is deepening beyond acquaintances to substantive deals & investments. Next step? Direct air connections & more embassies to strengthen ties. #GlobalAfrica #Afreximbank #ACTIF2024 #GlobalAfricaProsperity #OnePeopleSharedAspiration

AfrexInsure had the privilege of attending and sponsoring the 50th African Insurance Organization (AIO) Conference in Namibia. This significant event brought together industry leaders and experts to discuss the future of insurance in Africa. Our team, led by CEO Jonas Mushosho, was proud to be part of these crucial conversations, emphasizing our commitment to the continent’s insurance sector. During the conference, we engaged with stakeholders on key topics surrounding specialty insurance on the African continent. These discussions are vital in addressing the unique challenges and opportunities within the African insurance market. By sharing insights and strategies, we aim to strengthen the industry’s capacity to handle diverse special risks and ensure comprehensive coverage for our clients in promoting trade and trade related activities on the continent. Our main objective remains clear: to develop specialty insurance and keep premiums raised on the African continent within the continent. By doing so, we support the sustainable growth and development of infrastructure projects in the African continent. #Afreximbank #AIO50 #Afrexinsure #AfricanInsurance #InsuranceForAfrica

The latest edition of the Afreximbank African Syndications Forum (ASF) took place in London on July 2nd, 2024, hosted by Zenith Bank UK and supported by Afreximbank. This forum provided an invaluable networking platform, fostering dialogue and sparking interest in meeting Africa's high demand for capital. Participants delved into current market trends, mandates, and the continent's latest digitally enabled innovations. These advancements streamline trading activities between global partner banks and clients, creating efficient and cost-effective trading ecosystems. Mr. Haytham ElMaayergi, Executive VP of Global Trade Bank at Afreximbank, praised the ASF for enhancing awareness and adoption of Afreximbank's products and services. He expressed gratitude to all partners, stating: "Without their willingness to host and attend, the event would not be a success." Read more: https://lnkd.in/esqB93Pj #Afreximbank #ASF2024 #GlobalAfrica #EconomicGrowth #AfricaRising

Afreximbank and the Forum for Agricultural Research in Africa (FARA) are thrilled to unveil the winners of the first-ever AFRICA Awards. These prestigious awards celebrate individuals, groups, and organizations that have significantly contributed to improving food and nutritional security, income generation, resilience, and natural resource management across Africa through research, innovation, agripreneurship, and policy advocacy. The awards ceremony took place in Nassau, Bahamas, during the 2024 Afreximbank Annual Meetings (AAM2024) and the AfriCaribbean Trade and Investment Forum (ACTIF). The selection process, overseen by an Independent Awards Selection Committee comprising globally recognized experts, was highly competitive. Afreximbank and FARA are delighted to announce the two laureates of the 2024 AFRICA Awards: 🏅Africa Research Excellence Award🏅 Professor Umezuruike Linus Opara 🏅Impactful and Evidence-based Policies Award🏅 Professor Richard Mkandawire Prof. Benedict Oramah, President and Chairman of Board of Directors, Afreximbank, commented, “Africa’s vulnerability to climate shocks exacerbates its food insecurity concerns and heightens the urgency of structural transformation of its agricultural sector…I applaud the winners of the Inaugural AFRICA Awards for the demonstrable and innovative impact they are delivering for agriculture.” Read more: https://lnkd.in/eRFrHpJX #GlobalAfrica #Afreximbank #FARA #AUAgenda2063 Babajide Sodipo Andrew ODEMO

An Afreximbank delegation led by Senior Executive Vice President, Mr Denys Denya, participated in the Ministerial meeting of African Unions 7th Specialised Technical Committee on Finance, Monetary Affairs. Economic Planning and Intergration that held on 6-7 July in Tunis. The meeting was convened under the theme of "Enhancing Macroeconomic and sectoral policies coordination in Africa: challenges, opportunities and policy priorities for inclusive growth and development". The STC meeting also commemorated African Integration Day, with a discussion on achieving financial integration and the role of the Alliance of African Multilateral Financial Institutions. Among others, the STC discussed the AU's participation in the G20, the African Monetary Institute, Afreximbank's Central Bank Deposit Programme, the African Direct Investment Report and the Model Law on Factoring. #GlobalAfrica #Afreximbank