African Export–Import...

African Export–Import Bank

https://en.wikipedia.org/wiki/African_Export%E2%80%93Import_Bank

African Export–Import Bank, also referred to as Afreximbank or Banque Africaine d’Import-Export, is a pan-African supranational multilateral financial institution created in 1993 under the auspices of the African Development Bank.

It was officially launched at the first general meeting of the shareholders in Abuja, Nigeria, in October 1993.

It is headquartered in Cairo, Egypt. Afreximbank is a financial provider to African governments and private businesses in support of African and Caribbean trade.

Mission:
Its mission is: “To stimulate a consistent expansion, diversification, and development of African trade while operating as a first-class, profit-oriented, socially responsible financial institution and a center of excellence in African trade matters”.

Afreximbank's mandate is to finance and promote intra- and extra-African trade using three broad services:

1. Credit (Trade finance and Project finance)
2. Risk-bearing (Guarantees and Credit Insurance)
3. Trade Information and Advisory Services