African Export-Import Bank (Afreximbank) has disbursed eight billion dollars out of the 25 billion dollars it planned on a revolving basis to support intra-regional trade between 2017 and 2021. “I am pleased to report that in two years of implementation, about eight billion dollars have been disbursed supporting trade and investment flows across borders. “ Afreximbank has set itself the goal of granting trade finance and trade services lines amounting to eight billion dollars to 500 African banks spread across the continent, by the end of 2021. He said the banks total assets and contingent liabilities increased from 13 billion in 2017 to about 15 billion dollars in 2018. He said the banks’s shareholders fund increased from 2.6 billion dollars in 2018 to 3.5 billion dollars in 2019.

Source: The Guardian June 21, 2019 15:11 UTC