The African Export-Import Bank (Afreximbank) has initiated its first–ever intervention in Tunisia with a 50-million Euro Global Trade Facility in favor of Loukil Group of Tunisia. Kanayo Awani, Managing Director of Afreximbank’s Intra-African Trade Initiative, said that the facility was granted to Loukil Group as part of Afreximbank’s drive to promote intra-African trade, particularly by supporting Intra-African Trade Champions. Intra-African Trade Champions, or IntraChamps, are companies with proven intra-African trade experience and operations and with value chains spanning across countries. Participating in the ceremony on behalf of Loukil Group were Bassam Loukil, CEO and Chairman of the Tunisia-Africa Business Association; and Walid Loukil, Deputy CEO. The Bank was established in October 1993 by African governments, African private and institutional investors, and non-African investors.

Source: The North Africa Journal September 20, 2017 12:11 UTC