Afreximbank targets 500 banks in push for $25bn funding of African trade
The African Export-Import Bank (Afreximbank) is continuing its push to make $25 billion in credit lines available to 500 banks across the continent that would help to facilitate intra-African trade. Already, it has opened credit lines amounting to $800 million to 55 banks across Africa in line with this objective. Benedict Oramah, the bank’s president, disclosed this at the […]
Nigeria back down AfCFTA agreement to extend scope of consultations
Chiedu Osakwe, Nigeria’s chief trade negotiator said the country’s decision to back down from this week’s signing of the new pan-African continental free trade area in Rwanda, was “in the national interest of a great and diverse country”. According to Channels Television, Osakwe said in an email that the government wants to “deepen, intensify and […]