Tag: Afreximbank
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Stop financing fossil fuels projects in Africa – CSOs to AfreximBank
A coalition of African NGOs working for Just Energy Transition is calling on AfreximBank to stop financing fossil fuel projects that pose a threat to the environment. The group accused AfreximBank’s financed fossil fuel projects in Nigeria, Mozambique, and East Africa of causing “significant socioeconomic impacts, including land grabbing, displacement, loss of livelihoods, increased poverty,…
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Afreximbank’s digital platforms to boost trade and economic development
The Chairman and CEO of Oakwood Green Africa, Mr. Gabriel Edgal, has emphasized the transformative impact of Afreximbank’s digital platforms, including the MANSA and Pan-Africa Payment and Settlement Systems (PAPSS) platforms, on Ghana’s economic development and participation in intra-African trade. Speaking at a side event during the launch of the Africa Trade Gateway as part…
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Afreximbank launches Africa Trade Gateway, a single window for digital services
In its quest to deliver on its mandate by providing critical services to support and promote African trade and the implementation of the African Continental Free Trade Agreement (AfCFTA), the African Export-Import Bank (Afreximbank), in collaboration with the AfCFTA has launched the Africa Trade Gateway (ATG), a suite of five digital platforms that have been…
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Ken Ofori – Atta encourages African leaders to share in vision of Afreximbank
Ghana’s Finance Minister, Ken Ofori Atta has charged African leaders to share in the vision of the Pan- African bank to give deepened credence to the bank. He indicated that there is the need for Afreximbank to strategically position its self to meet the dynamic needs of the continent. According to him, although the bank…
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Afreximbank to establish African Quality Assurance Centres across Africa
As part of moves to strengthen intra African trade and ensure that goods and services exchanged on the continent meet global standards, the African Export and Import Bank (Afreximbank), in collaboration with key stakeholders is rolling out African Quality Assurance Centres. The centres when fully activated will not only boost trade within the African Continent…
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Leverage Afreximbank to boost regional trade – Amin Adam
Minister of State at the Finance Ministry, Dr. Mohammed Amin Adam is urging African leaders to leverage on the network of resources provided by the Afreximbank to strengthen its regional trade. According to the Minister, the low trade volumes of the sub-region could witness a transformation if efforts are made in accelerating access to market…
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$750m Afreximbank loan received in full; $37m set aside for debt resolution – Gov’t
Deputy Finance Minister, John Kumah says government has received the full loan amount of $750 million from the African Export-Import Bank (Afreximbank). The disclaimer was issued after ranking member on the Finance Committee in Parliament, Cassiel Ato Forson made comments indicating the bank account of government had received only $713 from the total amount in…
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Piloting of Pan African Payment and Settlement System to end in December
The pilot of the Pan African Payment and Settlement System (PAPSS) will be completed by December 2021. This is according to the Executive Vice President of the Afreximbank, Denys Denya. Already, the testing process is happening in six African countries and will soon be implemented to boost trade in Africa. Giving updates on the system,…