Tag: African Export-Import Bank
The Nigerian National Petroleum Corporation has signed a $1.5 billion prepayment deal backed by Vitol Group, Matrix Energy, and the African Export-Import Bank. The deal is also by Standard Chartered. Oyeyemi Oke, Oil and Gas Lawyer and Partner at A02 law joins CNBC Africa to discuss the significance of this deal.
The President of African Export-Import Bank, Benedict Oramah says there is political will and support towards initiatives and tasks set out by the bank across Africa. He spoke to CNBC Africa’s Godfrey Mutizwa on the sidelines of the 33rd African Union Summit to share his thought on political support on the continent.
The African Export-Import Bank has signed a programme for a N300 billion medium-term note with Nigeria's Securities and Exchange Commission (SEC). On the sidelines of the signing ceremony in Lagos, Afreximbank President, Benedict Oramah tells CNBC Africa’s Christy Cole that the bonds programme opens new doors for interventions across Nigeria. The Afreximbank President also spoke about the anticipated commencement of the Africa Continental Free Trade Area (AfCFTA). He joins CNBC Africa for more.
African Export-Import Bank has been providing finance to African focused trade initiatives for 26 years. They now have 13.5 billion dollars in assets under management and are looking to build intra-African trade. Director and Global Head of Trade finance Gwen Mwaba spoke to CNBC Africa's Kopano Gumbi about the banks strategy and their plans to bring their trade seminar to Durban in November.
Ivory Coast has cut planned spending for 2017 by 10 percent due to a sharp drop in world prices of cocoa, its leading export, President Alassane Ouattara said, according to Thursday's edition of national newspaper Le Patriote.