Last Update 11:52
Tuesday, 17 July 2018

Afreximbank allocates $25 bln to support African trade

Sara El-Issawy _ Abuja, Wednesday 11 Jul 2018
African
Share/Bookmark
Views: 693
Share/Bookmark
Views: 693

The African Export-Import Bank (Afreximbank) has approved the allocation of  US$ 25 billion to fund African trade until 2021 in several key sectors, mainly energy and infrastructure, President of the Afreximbank Benedict Oramah said.

The opening of the annual conference of the Afreximbank in Abuja, Nigeria was attended by South African President Cyril Ramaphosa.

During the event, Oramah said that the African Continental Free Trade Agreement signed in March opened many new fields to boost intra-contrinental trade and benefit from the potential and opportunities on the continent, especially the natural resources that represent real wealth. 

He said that the volume of bilateral trade is still low and there are great efforts being exerted to remove obstacles and barriers to customs and the removal of tariff, most importantly the activation of the free trade agreement.

Short link:

 

Email
 
Name
 
Comment's
Title
 
Comment
Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 1000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code
  • We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
  • We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
  • We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
  • We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.
	WorldCup 2018- News, Live score, Groups, Teams, Matches and stats-Ahram Online
Latest

© 2010 Ahram Online.