Browsing: Afreximbank

African business leaders

Africa-Caribbean trade: Barbados, Afreximbank announce first forum

Industry and Trade

The forum is being organised by the government of Barbados and the African Export-Import Bank (Afreximbank) under the theme “One People, One Destiny: Uniting and Reimagining Our Future”.

Other conveners are the AfCFTA Secretariat, the Africa Business Council, the CARICOM Secretariat, and the Caribbean Export Development Agency.

The conference will give business communities in Africa and those in the Caribbean Community (CARICOM) region an opportunity to develop strategic partnerships and enhance bilateral cooperation in trade, investment, technology transfer, innovation, tourism, culture, and other sectors.…

AFD PR 768x448 1

Germany trade relations with Africa 2022

Investing

According to Deutschland, German companies long concentrated only on South Africa, but this is changing. Over the past eight years, the Association of German Chambers of Commerce and Industry (DIHK) has opened not less than five new branch offices. Apart from South Africa, top investment destinations include Nigeria, Ghana, Angola, Tanzania, and Mozambique.

Alongside their primary business, German companies are also involved in numerous initiatives to support the African economy and combat poverty. Germany's Mechanical Engineering Industry Association (VDMA) has founded the "Skilled Workers for Africa" initiative in Botswana, Kenya, and Nigeria. Germany's successful dual vocational training model serves as an example in Africa. At the same time, Germans benefit from collaboration with local partners, who enable them to access new markets. Local shareholders are essential in some countries.

To strengthen their cross-continental network and promote a value and interest-based exchange, Konrad-Adenauer-Stiftung (KAS) and the Hanns-Seidel-Stiftung (HSS) supported by the…

…
Volkswagen in Rwanda - The Exchange

Driving Growth for Africa’s Auto Industry

Rwanda

The Intra African Trade Fair (IATF2021) is expected to be a grand event that comes in the backdrop of very optimistic forecasts for the automobile industry in Africa.

To be held next year in Kigali, Rwanda, from 6 – 12 September 2021, the IATF 2021 is a major trade event, that serves to boost sells of vehicles and related parts across the continent. The event will provide a unique and valuable platform for businesses to explore a single integrated African market of over 1.3 billion people with a combined GDP of over US$2.5 trillion.

Thanks to increased regional value chains, Afreximbank is of the view that new vehicle sales increase from 1 million to 5 million units a year across Africa.

 

A senior trade facilitator Gainmore Zanamwe told an online seminar that the sector prospects are brigh and described the Automotive Tradeshow is a critical base from which to …

European Investment Bank €200m to support Agriculture in Morocco

Afreximbank  $400m to drive agricultural productivity

Industry and Trade

The African Export-Import Bank (Afreximbank) approved a $400-million revolving global credit facility agreement for the Export Trading Group (ETG).

Export Trading Group (ETG) is among the largest and fastest-growing integrated agricultural conglomerates in Africa.

The funds will address key challenges faced by African agricultural exporters, aggregating large values of produce in order to enable small and medium-scale enterprises(SMEs) access to regional and international markets.

The agreement will not only allow ETG  to keep playing its vital role in the agri-foods supply chain of efficiently connecting African farmers to markets but also expand access to key inputs to boost agricultural productivity in a continent with tremendous but yet unrealized potential.

Africa spent over $90 billion on food imports in 2019 despite possessing up to 60 per cent of the world’s remaining arable land according to Afreximbank.

According to the Food and Agriculture Organization (FAO), Africa’s agricultural production of up to 50 …