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TÜYAP

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    • Plast Eurasia Istanbul 2024: MENA’s key event for future-proofing innovation and sustainability in plastics
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Source: TÜYAP |

Plast Eurasia Istanbul 2024: Middle East and North Africa’s (MENA) key event for future-proofing innovation and sustainability in plastics

With over 1,500 exhibitors and 70,000 visitors expected, this major event is set to be a pivotal gathering for industry leaders across MENA and beyond

From 4-7 December at Tüyap Fair and Congress Centre (https://TUYAP.com.tr), Plast Eurasia Istanbul 2024 will spotlight innovations and sustainable solutions in the plastics industry. With over 1,500 exhibitors and 70,000 visitors expected, this major event is set to be a pivotal gathering for industry leaders across MENA and beyond. Plast…

Afreximbank
Source: Afreximbank |

Afreximbank delivers strong financial results for the nine months ended 30 September 2024, surpassing prior year’s performance despite a challenging operating environment

The Group delivered a solid performance, closing the third quarter in a strong financial position, evidenced by its healthy liquidity levels, better asset quality, and robust capital adequacy levels

African Export-Import Bank (“Afreximbank” or the “Group”) (www.Afreximbank.com) has released the consolidated financial statements of the Bank and its subsidiaries, for the nine months ended 30 September 2024 (9M’2024). The Group delivered a solid performance, closing the third quarter in a strong financial position, evidenced by its healthy liquidity levels,…

Afreximbank
Source: Afreximbank |

Afreximbank successfully prices its inaugural Samurai bonds, raising JPY81.3 billion (about USD 530 million equivalent) comprising JPY 67.2 billion 5 regular tranches and JPY 14.1 billion 3-year Retail Samurai (“The Transaction”)

Afreximbank successfully met its objective of achieving a benchmark transaction size of over JPY 30 billion and maximizing the size in longer tenors (up to 10 years)

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has successfully priced its debut Samurai bond, securing a regular 5 tranche JPY 67.2 billion consisting of 2-year, 3-year, 5-year, 7-year and 10-year fixed rate tranches. Concurrently, the Bank launched its inaugural Retail Samurai bond with a 3-year fixed-rated tranche valued at JPY 14.1 billion.…

Afreximbank

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    • Mr. Okechukwu Ihejirika (centre) Areximbank's Acting Chief Operating Officer, Caribbean office, receives the Medal of Glory award on behalf of Prof. Benedict Oramah
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Source: Afreximbank |

Afreximbank President Prof. Benedict Oramah awarded 2024 Medal of Glory for visionary leadership

The Medal of Glory award, presented annually during the AfrICANDO Awards Gala Dinner, recognises exemplary leaders for important contributions

Prof. Benedict Oramah, President and Chairman of the Board of Directors of the African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has received the 2024 Medal of Glory award presented by the AGOA Civil Society Organization Network in Miami, United States. Presented during the 25th Annual U.S.-Africa Trade and Investment Conference/Expo (AfriCANDO 2024),…

Afreximbank

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    • Over $370 million secured in Engineering, Procurement, and Construction deals at Afreximbank’s Lagos workshop
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Source: Afreximbank |

Over $370 million secured in Engineering, Procurement, and Construction deals at Afreximbank’s Lagos workshop

More than 180 participants, representing EPC companies, financial institutions, law firms and government agencies from West Africa as well as Egypt, Angola and Uganda, were in attendance

During the recently held African Export-Import Bank (Afreximbank) (www.Afreximbank.com) Intra-African Engineering, Procurement and Construction (EPC) workshop in Lagos participants formalised business deals totalling over US$370 million, a significant step towards empowering African contractors. The deals, signed during the workshop held in Lagos on 28 October, included a US$300-million Global facility…

Afreximbank

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    • Afreximbank asserts Africa’s climate position at the Conference of the Parties (COP29); advocates for a just and equitable energy transition for economic development
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Source: Afreximbank |

Afreximbank asserts Africa’s climate position at the Conference of the Parties (COP29); advocates for a just and equitable energy transition for economic development

A primary objective of the Bank will be to advocate for the swift operationalization of the Loss and Damage Fund, which provides financial support to countries suffering from climate-related losses

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) is participating at COP29 in Baku, Azerbaijan, where it is doubling-down on its commitment to facilitating a just energy transition for Africa that supports the continent’s critical development needs and unlocks its economic potential. The Bank’s participation will align with the African Union’s Nairobi Declaration…

Webb Fontaine
Source: Webb Fontaine |

Webb Valuation: The future of customs compliance

Webb Fontaine’s valuation and classification system, Webb Valuation uses web-based AI-powered solutions to transform the customs compliance space by streamlining processes and eliminating inefficiencies

Africa's ports represent the continent's vital import and export lifeblood. With thousands of containers moving through them each month, an efficient and streamlined customs valuation and classification process is essential for securing revenue, reducing fraud, and protecting consumers while ensuring smooth customs operations. Customs authorities not only face traditional challenges,…

Lagos Free Zone (LFZ)

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    • L-R: Managing Director, Lansal, Todd Rives: Director, Ocean Network Express (Nigeria) Limited, Stefan Pedersen: Chief Executive Officer, Lagos Free Zone, Adesuwa Ladoja; Chief Executive Officer, Lekki Freeport Terminal, Christophe Cassang; Managing Director, Lekki Port, Du Ruogang and Deputy Managing Director, COSCO Shipping Lines Nigeria Limited, Rex Wang during the arrival ceremony of EA Centaurus and berth of COSCO Shipping, ZIM and ONE services at Lekki Port on Friday
    • Lekki Port, Lekki Freeport Terminal, Lagos Free Zone Launch COSCO Shipping, Ocean Network Express (ONE) & ZIM Lines Services (1)
    • Lekki Port, Lekki Freeport Terminal, Lagos Free Zone Launch COSCO Shipping, Ocean Network Express (ONE) & ZIM Lines Services (2)
    • Lekki Port, Lekki Freeport Terminal, Lagos Free Zone Launch COSCO Shipping, Ocean Network Express (ONE) & ZIM Lines Services (3)
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Source: Lagos Free Zone (LFZ) |

Lekki Port, Lekki Freeport Terminal, Lagos Free Zone Launch COSCO Shipping, Ocean Network Express (ONE) & ZIM Lines Services

The launch of the services was signaled by the arrival of the E A Centaurus at Lekki Deep Sea Port on Friday, November 8, 2024

In what could be described as a major boost to the Nigerian maritime sector and international trade, the management of Lekki Port LFTZ Enterprise Limited (LPLEL), Lekki Freeport Terminal, and the Lagos Free Zone (https://LagosFreeZone.com) have launched the COSCO, ONE (Ocean Network Express), and ZIM alliance services at Lekki Deep…

Afreximbank
Source: Afreximbank |

Afreximbank approves US$200 million Facility to support BUA Industries Limited (BIL) expansion plans

The first tranche of $150 million was disbursed on October 16, 2024

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has approved a US$200 million Corporate Finance Facility in favour of BUA Industries Limited (BIL) to support its expansion plans. BIL is a Nigerian conglomerate with diversified business interest spanning across, sugar and cement manufacturing, flour milling, oil milling, port logistics, real estate development, oil…

International Trade Centre
Source: International Trade Centre |

A boost for South-South trade

ITC has brought micro, small and medium-sized enterprises from developing countries to CIIE since its first edition in 2018

The International Trade Centre (ITC) participates with over 50 companies from 30 countries in Africa, Asia, Latin America and the Caribbean in the 7th China International Import Expo (CIIE) in Shanghai. They are among 3500 exhibitors vying for business in the Chinese market. This year, 100 developing countries are represented, including…