Afreximbank posts 4% net income growth in Q1

The African Export-Import Bank reported a 4 per cent growth in net income to $87.3 million which the Pan-African multilateral financial institution says was driven by a 23 per cent growth in net interest income. This the lender says came about as a result of a 41 per cent growth in net loans and advances. Afreximbank’s Executive Vice-President for Finance, Admin and Banking Services, Denys Denya spoke with CNBC Africa’s Kenneth Igbomor for more.