African Export-Import Bank

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African Export-Import Bank
Private company
Industry Finance
Founded 1993
Headquarters El Maahad El Eshteraky Street, Heliopolis, Cairo, Egypt.
Key people
Jean-Louis Ekra
Chairman & CEO
Benedict O. Oramah
Executive Vice-President, Business Development & Corporate Banking
Denys Denya
Executive Vice-President, Finance, Administration & Banking Services
Products International Trade and Development Finance
Revenue Increase Net US$20.5 million (2013)
Total assets US$4.4+ billion (2013)
Owner African Governments
African Businesses
Non-African Financial Institutions
African & Non-African Individuals
Website African Export-Import Bank

African Export-Import Bank, also referred to as Afreximbank, is an International financial institution, headquartered in Cairo, Egypt, whose primary objective is to promote and finance trade within the African continent and trade between Africa and other continents.

Location

The headquarters of Afreximbank are located at 72 (B) El Maahad El Eshteraky Street, in the Heliopolis neighborhood in the city of Cairo, the capital and largest city in Egypt. The bank maintains a second branch at 2 Gnassingbe Eyadema Street, Asokoro, Abuja, the capital city of Nigeria. The bank's third branch is located at Eastgate Building, Third Floor, North Wing, Gold Bridge, in Harare, the capital and largest city in Zimbabwe.[1]

Overview

Africa Export-Import Bank is a large multilateral financial service organization, with total assets valued at US$4.4 billion and shareholders' equity of US$707 million, as of December 2013.[2]

Recent developments

The 22nd Annual General Meeting of the bank's shareholders will be held 10-13 June 2015 in Lusaka, the capital of Zambia. Three former African presidents will make presentations at the meeting. Also, the shareholders will elect a new bank president to replace Jean-Louis Ekra, whose term of office ends in 2015.[3]

Shareholding

As of June 2013, the bank's shareholders, totaling 125, were divided into four categories:[4][5]

  • Class "A" Shareholders - African governments, African central banks, and African regional Institutions.
  • Class "B" Shareholders - African private investors and African financial institutions.
  • Class "C" Shareholders - Non-African financial institutions, export credit agencies, and private investors
  • Class “D” Shareholders - Other institutions and individuals.[6]

See also

References

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External links