Afreximbank concludes its annual conference in Abuja

Sara El-Issawy, Saturday 14 Jul 2018

Bank leaders
Bank leaders conclude its annual conference in Abuja (Photo: Sara El-Issawy)

The African Export and Import Bank (Afreximbank) concluded its 25th annual conference in Nigeria's capital Abuja, with Nigerian President Mohammadu Buhari in attendance at the final session.

Benedict Oramah, president of Afreximbank, said in a closing statement that the bank had set up a $100 million fund to finance African exports, with the aim of increasing the fund to $1 billion in the coming years.

He added that the bank's capital will be increased by $1 billion in the coming five years.

Oramah explained that the bank's capital had increased by $500 million over the past 18 months since the start of the implementation of its new strategy 2021.

 

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