Afreximbank woos international investors to Africa

Home » AFRICA » Afreximbank woos international investors to Africa

By Zimbabwe Investor on October 3, 2013.

AfricaInvestThe African Export-Import Bank (Afreximbank) has said it would provide finance and technical aids to any international investor who invested in Africa.

A statement issued by the bank on Wednesday said that Mr Jean-Louis Ekra, the bank’s President, made the pledge at a forum in Montreal, Canada.

Ekra said the bank would support investors who came into Africa to contribute to the continent’s economic development.

He spoke at Forum Africa 2013 which had the theme “Emerging Africa: Investments and Business Opportunities”.

The forum was organised by Afrique Expansion, a trade and finance outfit, to showcase investment opportunities in Africa.

According to Ekra, the bank will provide investment, reimbursement and country risk guarantee facilities to such investors.

“In addition, the bank will offer its investment banking and advisory/trade information services to meet the investor’s needs,” he said.

He said that Afreximbank would continue to work with African governments and other relevant bodies to support trade and economic development of the continent.

Other speakers at the forum included former Nigerian President Olusegun Obasanjo, the Prime Minister of Cote d’Ivoire, Daniel Kablan Duncan, and the U.S. Assistant Trade Representative for Africa, Ms. Florizelle Liser.

Also there were the former President of the African Development Bank, Dr. Babacar Ndiaye, and the President of the African Business RoundTable, Dr. Bamanga Tukur.

The African Export Import Bank was established in October 1993 by African governments, African private and institutional investors and non-African investors to finance and promote intra- and extra-African trade.

Its two basic constitutive documents are the Establishment Agreement, which gives it the status of an international organisation and the Charter which governs its corporate structure and operations.

Since 1994, the bank has approved more than 28 billion dollars in credit facilities in support of African trade.

Afreximbank’s Head Office is in Cairo.