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              South Africa focus on cybercrime

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              SA: Tshepo Kgobe appointed new Gautrain CEO

              SA: Tshepo Kgobe appointed new Gautrain CEO

              US Secretary Lauds Kenya’s Peace, Climate Change Initiatives

              US Secretary Lauds Kenya’s Peace, Climate Change Initiatives

              SA: Government, labour cement cooperation to uplift economy

              President mourns passing of South African Navy submariners

              Kenya: Ministry of Health rolls out plan ahead of El-Nino 2023

              Kenya: Ministry of Health rolls out plan ahead of El-Nino 2023

              Nigeria: Prince Fatiu Adegbola appointed as New MD of LASAA’s

              Nigeria: Prince Fatiu Adegbola appointed as New MD of LASAA’s

              UK trade envoy visits Taiwan to strengthen trade and investment

              UK trade envoy visits Taiwan to strengthen trade and investment

              Trending Tags

              • FEATURES
                Ghana Celebrates Osagyefo Dr. Kwame Nkrumah: Remembering the Architect of Independence

                Ghana Celebrates Osagyefo Dr. Kwame Nkrumah: Remembering the Architect of Independence

                Chronicles of Africa’s coups: From ‘Gallic Strings’ to BRICS hopes

                Chronicles of Africa’s coups: From ‘Gallic Strings’ to BRICS hopes

                Children displaced across Sub-Saharan Africa by climate shocks doubled to a record high in 2022

                Children displaced across Sub-Saharan Africa by climate shocks doubled to a record high in 2022

                President Ruto lifts logging ban

                Kenya’s Africa exports cross Sh200bn mark

                Kenya climbs ladder in the global avocado production rankings 

                Kenya climbs ladder in the global avocado production rankings 

                Ing. Oscar Amonoo-Neizer: A Trailblazer in Ghana’s Sustainable Energy Development

                Ing. Oscar Amonoo-Neizer: A Trailblazer in Ghana’s Sustainable Energy Development

                World Environment Day 2023: History, theme and significance

                World Environment Day 2023: History, theme and significance

                Femi Gbajabiamila – Nigeria’s New Chief of Staff

                Femi Gbajabiamila – Nigeria’s New Chief of Staff

                Trending Tags

                • DIGITAL ECONOMY
                  Zambia, Israeli discuss bilateral relations

                  Zambia, Israeli discuss bilateral relations

                  Ghana launches HIV Self-Testing kit

                  Ghana launches HIV Self-Testing kit

                  Kenya: President Ruto Signs County Allocation of Revenue and Equalisation Bills

                  Chairman of Afreximbank calls for intra-African trade.

                  Chairman of Afreximbank calls for intra-African trade

                  Afreximbank launches Insurance subsidiary to support intra-African trade

                  Afreximbank launches Insurance subsidiary to support intra-African trade

                  Eritrea: President Isaias Afwerki returns home

                  Eritrea: President Isaias Afwerki returns home

                  President Ramaphosa meets large exporters on the state of South Africa’s logistics system

                  ECOWAS shares dialogue, negotiation and mediation capacity building experiences at The Hague

                  ECOWAS shares dialogue, negotiation and mediation capacity building experiences at The Hague

                  Kenya: Ministry of Health welcomes new Kenya Medical Supplies Authority Chairperson, Mr. Daniel Rono

                  Kenya: Ministry of Health welcomes new Kenya Medical Supplies Authority Chairperson, Mr. Daniel Rono

                  Trending Tags

                  • INTERVIEW
                    Sierra Leone Seeks Upstream Partners to Fast-Track Exploration, says Petroleum Directorate

                    Sierra Leone Seeks Upstream Partners to Fast-Track Exploration, says Petroleum Directorate

                    Ghana’s registra department: driving digitization for effecient services

                    Ghana’s registrar department: driving digitization for efficient services

                    Nigerian’s First Lady Aisha Buhari in Talks on Plans After Husband’s Presidency

                    Nigerian’s First Lady Aisha Buhari in Talks on Plans After Husband’s Presidency

                    Cedi expected to end 2020 with less than 5% depreciation to dollar Says Expert

                    Cedi expected to end 2020 with less than 5% depreciation to dollar Says Expert

                    “Citizen Gate is Designed to bring the government closer to the people”- Mr. Toba Otusanya, DG, Lagos State Office of Transformation, Creativity & Innovation

                    “Citizen Gate is Designed to bring the government closer to the people”- Mr. Toba Otusanya, DG, Lagos State Office of Transformation, Creativity & Innovation

                    I cherish and treasure my reputation for probity and accountability,– Dr. Babatunde Ajibade, SAN

                    I cherish and treasure my reputation for probity and accountability,– Dr. Babatunde Ajibade, SAN

                    Why Nigeria Needs Aircraft Leasing Companies- Captain Abdulsalami Mohammed

                    Why Nigeria Needs Aircraft Leasing Companies- Captain Abdulsalami Mohammed

                    Interview with Jennifer Blanke, Vice President Agriculture, Human and Social Development at the African Development Bank Group, Ahead of the 2019 Gender Summit

                    Interview with Jennifer Blanke, Vice President Agriculture, Human and Social Development at the African Development Bank Group, Ahead of the 2019 Gender Summit

                    Now is the Time to Partake in Nigeria’s Next Level Roadmap – Damilola Ogunbiyi

                    Now is the Time to Partake in Nigeria’s Next Level Roadmap – Damilola Ogunbiyi

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                      South Africa’s Thulas Nxesi emerges as Public Sector Global ‘Minister of the Week’

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                      Pascal Bizimana Ruganintwali emerges Public Sector Global ‘CEO of the Week’

                      Pascal Bizimana Ruganintwali emerges Public Sector Global ‘CEO of the Week’

                      Hon. Matthew Opoku Prempeh emerges Public Sector Global ‘Minister of the week’

                      Hon. Matthew Opoku Prempeh emerges Public Sector Global ‘Minister of the week’

                      Hon. Aisha Jumwa Katana emerges Public Sector Global ‘Minister of the week’

                      Hon. Aisha Jumwa Katana emerges Public Sector Global ‘Minister of the week’

                      Her Excellency Hon Reem Ebrahim Al Hashimy, Minister of State for international Cooperation, United Arab Emirates Emerges PSG Minister of the Week

                      Her Excellency Hon Reem Ebrahim Al Hashimy, Minister of State for international Cooperation, United Arab Emirates Emerges PSG Minister of the Week

                      Hon Aisha Jumwa, Minister of Public Service, Gender & Affirmative, Kenya has Emerged APS Minister of the Week

                      Hon Aisha Jumwa, Minister of Public Service, Gender & Affirmative, Kenya has Emerged APS Minister of the Week

                      Hon Aisha Jumwa, Minister of Public Service, Gender & Affirmative, Kenya has Emerged APS Minister of the Week

                      Hon Aisha Jumwa, Minister of Public Service, Gender & Affirmative, Kenya has Emerged APS Minister of the Week

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                      Ambassador John Mwangemi, Chief Executive Officer, Kenya Ports Authority Emerges APS “CEO OF THE WEEK”

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                      H.E. Amb Dr. Monica Kathina Juma, Minister of Energy, Kenya Emerges APS Minister of the Week

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                      Chairman of Afreximbank calls for intra-African trade

                      Public Sector Global by Public Sector Global
                      June 20, 2023
                      in NEWS, Uncategorized
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                      Chairman of Afreximbank calls for intra-African trade.

                      Deputy Governor of the Central Bank of Egypt, Gamal Negm addressing Afreximbank annual meetings 2023 on behalf of the Minister of Finance Mohamed Maait. 

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                      Egypt’s minister of finance and chairman of the Afreximbank, Mohamed Maait has encouraged Africans to collaborate towards finding integrated solutions to the new challenges confronting the continent at the 30th Annual General Meetings of the African Export-Import Bank (Afreximbank) in Accra.

                      The statement was declared on behalf Mohamed Maait by Deputy Governor of Central Bank of Egypt, Gamal Negm.

                      Maait lauded Afreximbank for playing a significant role in developing and implementing solutions to address the challenges confronting Africa and expressed the hope that AAM2023 would lead to even more constructive solutions to Africa’s problems, describing the bank as one of the African institutions delivering on the African Union’s (AU) Vision 2063.

                      Leaders and officials paid a special tribute to the late Dr Kwame Nkrumah the first President of Ghana.

                      “Thanks to the vision of African leaders who founded Afreximbank 30 years ago, one by one, they are being delivered within the framework of “Team Africa”, comprising the African Union and its Agencies, AfCFTA Secretariat and Afreximbank as the underpinning banker. So today, the Pan-African Payment and Settlement System (PAPSS) is up and running, which will save the continent 5 billion US dollars in intra-African transfer changes. It will also expedite and enable payments for intra-African trade in African currencies,” President and Chairman of the Board of Directors Prof. Benedict Oramah said in his inaugural speech.

                      “Afreximbank has also brought a new kind of hope to Africa: the capacity to confront global challenges without going abegging. The COVID-19 pandemic and Ukraine crisis exposed the vulnerability of Africa in many ways. From the break of the pandemic in 2020 to the Ukraine crisis in 2022, the Bank has disbursed over 45 billion US dollars into the continent, which enabled many governments, central and commercial banks, corporates, and SMEs to weather the combined effects of these crises by helping countries to honour maturing trade debt payment obligations; to pay for critical imports and to pursue strategic investments. In the past 30 years, the bank has disbursed over 100 billion US dollars.

                      “It took the Bank 30 years to reach 30 billion in total assets and guarantee; I look ahead with confidence and declare that the Bank will double its size to 60 billion in less than 6 years,” he concluded.

                      Earlier, Ernest Yedu Addison, governor of the Bank of Ghana, delivering his welcome remarks, said that Ghana represented the most appropriate venue for the celebration of Afreximbank’s 30th anniversary, given the bank’s role in developing and promoting African trade and the fact that Ghana was the home of the African Continental Free Trade Area (AfCFTA) Secretariat.

                      Addison said that Afreximbank has been very supportive of Ghana and has, over the years, provided more than $2 billion to support the Ghanaian economy.

                      He commended Afreximbank for the approach it adopted in its work which emphasised a collaborative approach in dealing with other continental institutions.

                      Wamkele Mene, secretary-general of the AfCFTA Secretariat, said that with the inclusion of a vision for an integrated African market in the founding treaty of the Organisation of African Unity, the founding fathers of the AU had foreseen the need for Afreximbank.

                      Afreximbank had also launched PAPSS to allow for intra-African trade payments to be done in local currencies, he noted. It also introduced the Intra-African Trade Fair (IATF), a platform for exchange that Africa needed to meet the needs of the AfCFTA.

                      The meetings also featured panel sessions on turbo-charging implementation of the AfCFTA; building prosperity for Africans: the challenges of peace and security; overcoming the challenges of food security for sustainable development in Africa; as well as a conversation with Aliko Dangote, group president and chief executive of Dangote Group.

                      Afreximbank Annual Meetings (AAM2023), which end on 21 June, are also being held to celebrate the 30th anniversary of the establishment of Afreximbank.

                      Tags: AfreximbankAfreximbank calls for intra-African tradeIntra-African trade
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