The African Export-Import Bank (Afreximbank) is a Multilateral Financial Institution established in 1993 by African governments, African private and institutional investors as well as non-African financial institutions and private investors for the purposes of financing and promoting intra and extra African trade.
The Bank was established under the twin constitutive instruments of an Agreement signed by member states and multilateral organizations, which confers international status on the Bank, as well as a charter, governing its corporate structure and operations and signed by all shareholders.
The Bank is a Pan African Exim Bank with a mission “to stimulate a consistent expansion, diversification and development of African trade while operating as a first class, profit oriented financial institution and a centre of excellence in African trade matters”.
The Bank finances and promotes intra and extra African trade through three broad services areas as follows:
- Credit (Trade and Project Financing);
- Risk Bearing (Guarantees and Credit Insurance);
- Trade Information and Advisory Services.
The Bank’s operating model is Structured Trade Finance and Dual Recourse Facilities. Using this model, the Bank’s key products are: Line of Credit Programme; Syndications Programme; Note Purchase Programme; Financial Future Flow Pre-Financing Programme; Direct Financing Programme; Trade Related Project Financing Programme; Carbon Finance Programme; Asset Backed Lending Programme; Receivables Purchase/Discounting Programme; Special Risk Programme; Country Programmes; and Investment Banking and Advisory Services.
The Bank has been headquartered in Cairo, Egypt since 1994 and has branches in Harare, Zimbabwe (opened in November 1996) and Abuja, Nigeria (opened in January 2003). With a total of 83 permanent staff from various African countries as at 30th September 2011, the Bank offers a challenging and dynamic work environment, an internationally competitive tax free salary and benefits package, and diplomatic immunities and privileges for its internationally recruited staff.