Afreximbank mobilises $35b for African development and national ECAs

(Vanguard, Lagos, 15 June 2022) The African Export-Import Bank (Afreximbank) has mobilised a whopping $35 bilion for the development of the continent in the last 4-5 years, with significant support from Nigeria and Egypt. The Central Bank of Egypt has also partnered with Afreximbank to train several African bankers in many areas and Afreximbank was CBE's choice to advise on the creation of a national Export Credit Agency (ECA), as a result of which Afreximbank has now been mandated to do the same in other countries.