Trade Finance |

Afreximbank Has $500 Million for Africa to Buy Russian Planes

CAIRO (Capital Markets in Africa) – The African Export-Import Bank will provide African national airlines and privately owned companies $500 million through an export-credit facility provided by the Russia Exim Bank. Another $300 million will be available for an aircraft-leasing facility, targeting airlines that can’t afford upfront cost of purchasing jets, Afreximbank’s director of client relations, Rene Awambeng, told reporters in the Kenyan capital, Nairobi. He spoke during a three-nation roadshow by Russian plane makers…

U.S. Extends Sudan Sanctions Review Period by Three Months

Posted on by The Editorial Team

KHARTOUNM (Capital Markets in Africa) – The U.S. delayed by three months a decision on whether to permanently lift some sanctions imposed on Sudan, making the revocation dependent on the North African country sustaining progress in areas such as anti-terror cooperation. President Donald Trump’s executive order extends the six-month review period established by the Obama administration on Jan. 13, which detailed conditions Sudan must meet for certain sanctions to be revoked, the State Department said in…

INTO AFRICA June 2017 Edition: Trade Finance Africa’s Growth Enabler

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LAGOS (Capital Markets in Africa) – Welcome to the June edition of INTO AFRICA, the publication with fresh insight into Africa’s Emerging capital markets. This edition focuses on the Insurance sector and is titled: Trade Finance: Africa’s Growth Enabler. Please download by clicking: INTO AFRICA PUBLICATION: JUNE 2017 EDITION. African economies face challenges in the area of trade, both in terms of trade between African countries and trade with non-African countries. The problems are so significant that Africa’s…

South Africa Trade Surplus Surges to 11.4 Billion Rand in March

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JOHANNESBURG (Capital Markets in Africa) – South Africa’s trade surplus more than doubled in March as the exports of mining produce surged. The 11.4 billion-rand ($860 million) surplus compares with February’s revised 4.8 billion-rand surplus, the Pretoria-based South African Revenue Service said in an emailed statement Friday. The median of six economist estimates compiled by Bloomberg was for a surplus of 6.2 billion rand. Relief on the trade balance eases pressure on the current account, the broadest measure…

Afreximbank Targets $1.5 Billion Support for Burkina Faso’s Five-Year Plan

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Ouagadougou (Capital Markets in Africa) – The African Export-Import Bank (Afreximbank) will arrange up to $1.5 billion in multi-sourced finance to support projects and initiatives under Burkina Faso’s five- year National Economic and Social Development Plan (PNDES), Bank President Dr. Benedict Oramah has announced in Ouagadougou. Speaking on Tuesday after a meeting with Roch Marc Christian Kaboré, President of Burkina Faso, Dr. Oramah, said that the support would target activities aimed at building capacity in…

Afreximbank and Ecobank agree US$500m programme for African trade and investment promotion

Posted on by The Editorial Team

LOME (Capital Markets in Africa) – The African Export-Import Bank (Afreximbank) and Ecobank Transnational Incorporated (ETI), parent company of the Ecobank Group have signed a memorandum of understanding (MOU) to promote joint corporate objectives through the financing of private sector projects and trade finance transactions, focusing particularly on transactions involving trade and investment in Afreximbank member countries where Ecobank also has a presence. The cooperation between the two institutions will support efforts at promoting intra-African…

IsDB pledges to support the growth of private sector in Guinea

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Conakry (Capital Markets in Africa) – The Islamic Development Bank (IsDB) has pledged to support the growth of the private sector in the Republic of Guinea. The statement was made by the IsDB Vice President (Sector Operations), Dr. Mansur Muhtar at the opening ceremony of the Private Sector Forum jointly organized by the Government of Guinea and IsDB Group. The Prime Minister of Guinea, Mr. Mamady Youla chaired the Forum in the capital Conakry. The…

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