By NEWSCOUNT Desk Egypt is stepping up efforts to increase exports, attract industrial investment and strengthen local manufacturing as it seeks a bigger share of African markets and deeper integration into regional and global supply chains. Minister of Industry Khaled Hashem disclosed the strategy at a conference organised by the African Export-Import Bank (Afreximbank) and […]
Afreximbank’s Net Income Rises 24% to $813.5m as Assets Exceed $54bn
By George Ozalla The African Export-Import Bank (Afreximbank) has recorded a 24 per cent increase in net income to US$813.5 million for the nine months ended September 30, 2026, as its total assets and contingencies rose by 12 per cent to US$54.1 billion. The bank disclosed this in its financial results released in Cairo, Egypt, […]
NDIC Announces Final Dividend Payment for Defunct Progress Bank
By George Ozalla The Nigeria Deposit Insurance Corporation (NDIC) has announced plans to pay final liquidation dividends to depositors, creditors and shareholders of the defunct Progress Bank of Nigeria, following fresh recoveries from the bank’s outstanding debts and assets. In a notice published on October 19, 2026, the Corporation invited eligible beneficiaries to submit their […]
Afreximbank, Partners Push for Stronger African Automotive Industry
By George Ozalla African Export-Import Bank (Afreximbank) and its partners have stepped up efforts to develop Africa’s automotive industry, with a focus on attracting investment, expanding local manufacturing, transferring technology and creating skilled jobs across the continent. The initiative was discussed at the two-day Africa Automotive Investment Forum held in El Alamein, Egypt, through a […]
Okpanachi: DBN Annual Lecture Calls for Tangible Gains From Economic Reforms
By George Ozalla The Federal Government and private-sector leaders have called for deliberate measures to ensure that Nigeria’s economic reforms translate into tangible business growth, job creation and improved livelihoods for operators of micro, small and medium enterprises (MSMEs). The call was made on Wednesday, October 21, 2026, at the seventh Annual Lecture of the […]
Afreximbank to Hold Sixth AfSNET Investment Conference in Calabar
By NEWSCOUNT Desk The African Export-Import Bank (Afreximbank) will hold the sixth African Sub-Sovereign Governments Network (AfSNET) Investment Conference in Calabar, Cross River State, from November 12 to 14, 2026, with funding for state-level projects and the expansion of African trade expected to feature prominently. The conference will bring together subnational governments, investors, development finance […]
Africa Credit Rating Agency Launched to Strengthen African Capital Markets
By NEWSCOUNT Desk The Africa Credit Rating Agency (AfCRA), a privately owned and African-led credit rating institution, has been officially launched in Mauritius as part of efforts to strengthen Africa’s capacity in credit assessment and deepen the development of the continent’s capital markets. The launch followed the 2nd Africa Annual Conference on Credit Ratings, which […]
Afreximbank, EABC Expand Digital Trade Access for East African Businesses
By George Ozalla The African Export-Import Bank (Afreximbank) and the East African Business Council (EABC) have signed an Africa Trade Gateway (ATG) Agency Agreement aimed at expanding digital trade opportunities for businesses across East Africa and connecting them to markets, finance and business partners across Africa. The agreement was signed during the inaugural East Africa […]
Afreximbank Brings Trade Finance, Compliance Experts Together to Advance AfCFTA
By George Ozalla The African Export-Import Bank (Afreximbank) is to bring together leading trade finance and compliance practitioners in Gaborone, Botswana, for its first combined Trade Finance Seminar and Compliance Forum, as the bank seeks practical solutions to challenges affecting intra-African trade and the implementation of the African Continental Free Trade Area (AfCFTA). The landmark […]
Afreximbank, ATDC Sign US$500m Facility To Expand African Trade, Distribution
By NEWSCOUNT Desk The African Export-Import Bank (Afreximbank) and the Africa Trading and Distribution Company (ATDC) have signed a US$500 million Global Credit facility agreement to support the trading, movement and distribution of commodities and products across African and global markets. The facility will provide ATDC with financing for the purchase and aggregation of African […]
