More than 70% of the population has access to financial services- Prez. Akufo-Addo

Banks cite forex liquidity as major challenge to financing trade

January 22, 2021

The African Development Bank (AfDB) has reiterated the International Chamber of Commerce’s assertion that more than half of world trade, in terms of value is denominated in US dollars with 80% of letters of credit ...

Afreximbank Commits US$500 million to AfCFTA

by thevaultz

January 15, 2021

The African Export-Import Bank (Afreximbank) has agreed to provide an initial amount of US$500 million to support the African Continental Free Trade Area (AfCFTA) for liquidity settlement and payment as ...

Banks Participation in Trade Finance Continues to decline

by thevaultz

January 11, 2021

The participation rate of banks in Africa in trade finance continues to decrease although it remains a popular activity, according to the African Development Bank (AfDB) and African Export-Import Bank (Afreximbank). In a survey conducted on African banks, 71 ...

In-office since 2015, Prof. Benedict Oramah, Afreximbank President

Moody’s certifies Afreximbank’s Credit Rating at Baa1 (High ability to repay short term debt)

by thevaultz

July 20, 2020

The report adds that “the stable outlook is supported by the Bank’s successful equity-raising performance and its track record of adapting its strategy to challenges in the operating environment of ...