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MEMBERS: AFRICAN EXIM BANK

The African Export Import Bank (the “Bank”) was established in Abuja, Nigeria in October, 1993 by African Governments, African private and institutional investors as well as non-African financial institutions and private investors for the purpose of financing and promoting intra- and extra-African trade. The Bank was established under the twin constitutive instruments of an Agreement signed by member states and multilateral organizations, and which confers on the Bank the status of an international organization; as well as a Charter, governing its corporate structure and operations, signed by all Shareholders. The authorized share capital of the Bank is Seven Hundred and Fifty Million United States Dollars (US$750 million)

The Bank headquartered in Cairo, the capital of the Arab Republic of Egypt, commenced operations on September 30, 1994, following the signature of a Headquarters Agreement with the host Government in August, 1994. The Bank has branch offices in Harare, Zimbabwe; Abuja Nigeria and Tunis, Tunisia.

Objectives
  • To extend direct credit to eligible African exporters by providing pre- and post-shipment finance.
  • To extend short-term credit and medium-term loans to African exporters and importers.
  • To finance imports needed for export development such as imports of equipment, spare parts and raw materials.
  • To promote and provide insurance and guarantee services covering commercial and non-commercial risks associated with African exports.
  • To promote development within Africa of a market for bankers’ acceptances and other trade documents.
  • To promote and finance South-South trade between African and other countries.
  • To assist African clearing houses and payment arrangements to promote intra-African trade.
  • To undertake market research and provide ancillary services, such as advisory and support services and organization of trade fairs, aimed at expanding intra- and extra-African trade.


For more information please visit: www.afreximbank.com


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