Chad concludes membership procedure of Afreximbank

(Premium Times, Abuja, 9 January 2017) President Idriss Deby Itno of Chad, on December 30, 2016, ratified the Agreement on the Establishment of the African Export-Import Bank (Afreximbank), concluding the formalisation of the country’s membership of the continental trade finance bank. The ratification of the Agreement marks the full activation of Chad’s membership of Afreximbank and allows the Bank to fully deploy its programmes and facilities in the country in order to stimulate trade activities and develop value-added exports across its economic sectors. It also opens up opportunities for the Bank to provide much-needed financing for the construction of trade-enabling infrastructure in the country.