African Export Import Bank (Afreximbank)

Banque africaine d'import-export

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Contact Details

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History

7 May 1993, Abidjan (Côte d'Ivoire), at constituent assembly, when Agreement for establishment of Afreximbank and Charter were opened for signature by participating countries. Agreement and Charter adopted at 1st Annual General Meeting, 27 Oct 1993, Abuja. Set up following resolution of Annual Meeting of Board of Governors of African Development Bank (ADB), 1987, Cairo (Egypt), and findings of a multidisciplinary team funded by United Nations Development Programme (UNDP). Became operational Sep 1994. Headquarters in Egypt with a branch in Harare (Zimbabwe).

Aims

Facilitate, promote and expand intra- and extra-African trade by: extending direct credit to eligible African exporters in order to finance pre-shipment and post-shipment activities; extending directing short-term credit, and where appropriate, medium-term credit to African exporters and importers of African goods through African and other financial institutions and trade intermediaries; promoting as well as financing non-traditional goods and services; supporting South-South trade between African and other countries and intra-African trade; providing finance for export-generating African imports, including the imports of equipment, spare parts and raw materials; promoting the development, within Africa, of a market for bankers' acceptances and other trade documents; promoting and providing insurance and guarantee services, including country risk guarantee facilities concerning commercial and non-commercial risks associated with African exports and African payment risk; providing advisory and other corporate finance services in support of African deals.

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Activities

Products include: Line of Credit Programme; Note Issuance/Purchase Facility; Direct Financing Programme; Project-Related Financing Programme; Syndication Programme; Country Risk Guarantee Facility; Forfeiting Facility; Investment Banking/Advisory Services; Venture Fund Scheme; Factoring/Invoice Discounting Facility; ECA Loans Facilitation Programme. Organizes: annual General Meeting; annual Trade Advisory Group Meetings; annual Trade and Project Finance Seminar.

Structure

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Languages

English, French.

Staff

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Financing

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Relations with Inter-Governmental Organizations

Relations with 8 inter-governmental organizations.
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Publications

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Members

Members in 42 countries
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Type I Classification

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Type II Classification

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Subjects *

  • Commerce
    • Banking
    • Import, Export

UN Sustainable Development Goals **

GOAL 8: Decent Work and Economic GrowthGOAL 12: Responsible Consumption and Production

UIA Org ID

F3580

Last News Received

2008
* Subject classification is derived from the organization names and aims.
** UN SDGs are linked to the subject classification.

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