Tag Archives: African Export-Import Bank

Eritrea Joins Afreximbank as a Shareholder

It becomes the 48th African country to join the African Export-Import Bank as a participating state and/or shareholder

Membership gives Eritrea automatic access to the full range of products and facilities offered by bank.

BY AFREXIM BANK

The East African country of Eritrea has joined the membership of the African Export-Import Bank (Afreximbank), becoming the 48th African country to become a participating state or a shareholder in the continental multilateral trade finance institution. Continue reading Eritrea Joins Afreximbank as a Shareholder

African Financial Institutions Need to Focus on Assisting African Countries: President Afwerki

“Eritrea believes in working with financial institutions that can help in transforming the African economy” – President Isaias Afwerki

“Eritrea is ready to join Afrexim Bank as a Member State.” – President Isaias

BY FUMNAYA AGBUGAH | VENTURES AFRICA

Recently, the President of Eritrea, Isaias Afwerki urged African financial institutions to focus on assisting African countries to address the disadvantages arising from the underdevelopment of the continent’s economy.

The president made this known in Asmara when he received a delegation of the African Export-Import Bank (Afrexim Bank) led by Dr Benedict Oramah.

President Afwerki said that despite the fact that Africa is endowed with 60 percent of the world’s resources, the continent continues to be disadvantaged because of the underdeveloped economy, which saw it exporting mainly raw materials and primary products. Continue reading African Financial Institutions Need to Focus on Assisting African Countries: President Afwerki