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The African Export-Import Bank (Afreximbank), headquartered in Cairo, is a trade finance-focused development bank established in October 1993 as a multilateral trade development institution to finance and promote trade among African countries and between the continent and the rest of the world.
Under the terms of its Establishment Charter, the Bank receives special privileges and exemptions in its Member States and enjoys preferred creditor status in its countries of operation. As a profit-oriented multilateral institution with a mixed public-private shareholder base, it focuses on private sector loans, guarantees and advisory services.
Its four-tier shareholder base consists of: Class “A”, constituted of African states, African central banks and African public institutions; Class “B”, made up of African financial institutions and African private investors; Class “C”, with shares held by non-African investors, mostly international banks and export credit agencies; and Class “D”, under which shares are fully paid par value, that can be held by any investor. Since inception, the Bank, which has authorized capital of $5 billion, has approved more than $51 billion in credit facilities for African businesses, including about $10.3 billion in 2016. Afreximbank had total assets of $9.4 billion as at 30 April 2016 and is rated BBB- (Fitch) and Baa1 (Moody’s).
For more information, visit: www.afreximbank.com