By Ayomide Otitoju The African Export-Import Bank (Afreximbank) has signed a $100 million facility agreement with NBS Bank Plc Malawi under its Trade Facilitation Programme (AFTRAF), aimed at strengthening the bank’s trade finance portfolio and supporting imports of essential commodities. The deal, finalized on the sidelines of the Intra-African Trade Fair (IATF2025) in Cairo, was…
By Ayomide Otitoju The African Export-Import Bank (Afreximbank) has renewed its memorandum of understanding (MoU) with the African Association of Automotive Manufacturers (AAAM), reinforcing joint efforts to expand intra-African trade and investment in the continent’s automotive industry. The MoU was signed on the sidelines of the Intra-African Trade Fair 2025 (IATF2025) in Algiers by Afreximbank’s…
The African Union, African Export-Import Bank (Afreximbank) and AfCFTA have inaugurated the Pan-African Payment and Settlement System (PAPSS), thereby making it available for use by the public. PAPSS is a cross-border, financial market infrastructure enabling payment transactions across Africa. The commercial launch of PAPSS, which took place in Accra, Ghana, virtually and physically, would ensures…