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Soft Commodities Trader
Due to increased sales, a soft commodity trader required a receivables purchase facility for one of their large customers - purchased from Africa and sold to the US.
Metals Trader
Purchasing commodities from Africa, the US, and Europe and selling to Europe, a metals trader required a receivables finance facility for a book of their receivables/customers.
Energy Trading Group
An energy group, selling mainly into Europe, desired a receivables purchase facility to discount names, where they had increased sales and concentration.
Clothing company
Rather than waiting 90 days until payment was made, the company wanted to pay suppliers on the day that the title to goods transferred to them, meaning it could expand its range of suppliers and receive supplier discounts.
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Get startedAfrican Export-Import Bank (Afreximbank) |
Export Credit Agency (ECA) in Africa
About African Export-Import Bank
The African Export-Import Bank (Afreximbank) was established in Abuja, Nigeria in October 1993 by a conglomerate of African governments, private and institutional investors as well as non-African financial institutions and private investors for the purpose of financing, promoting and expanding intra-African and extra-African trade.
The Bank, which is currently headquartered in Cairo, the capital of the Arab Republic of Egypt, commenced operations on 30 September 1994, and has branch offices in Harare, Abuja and Abidjan, with an East Africa branch set to open shortly.
Its mission is to stimulate the consistent expansion, diversification and development of African trade while operating as a first-class, profit-oriented, socially responsible financial institution and a centre of excellence in African trade matters.
The banks’ strategy is based on four pillars, namely:
- Promoting intra-African trade
- Facilitating Africa’s industrialization and export development
- Strengthening trade finance leadership
- Improving financial performance and soundness.
Key Stats
Name
African Export-Import Bank
Country
Africa
CEO
Prof. Benedict O. Oramah (President)
Founded
1993
Employees
476
Government:
African Governments, African private and institutional investors as well as non-African financial institutions
Company Number
—
Address
P.O. Box 613 Heliopolis, Cairo 11757, Egypt
Email Address
feedback@afreximbank.com
A summary of African Export-Import Bank
Products and services offered by African Export-Import Bank
- Trade and Project financing
- Export development
- Guarantees
- Trade information and advisory
Website
Raw Materials
From tobacco to spices, gold to bronze, commodities represent a large proportion of our trade finance portfolio
Finished Goods
Our innovative structuring capabilities allow us to put together complex finance structures, even if the end goods are finished
Metals
From scrap metal to alloys, we help traders and distributors access trade, receivable or PO finance for iron, steel and non-ferrous metals
Speak to our trade finance team
- African Trade Insights
- Export Credit Agency Insights