Alternative Africa

Top Menu

  • Home
  • About Us
  • Privacy Policy
  • Terms of Use
  • Contact Us

Main Menu

  • Home
  • Arts & Culture
  • Business
  • Environment
  • Politics
  • Sports
  • Reports
    • Africa-Observers
      • Read Reports
      • Submit a story
  • MORE
    • Health
    • News Now
    • World
    • Technology
Sign in / Join

Login

Welcome! Login in to your account
Lost your password?

Lost Password

Back to login
  • Home
  • About Us
  • Privacy Policy
  • Terms of Use
  • Contact Us

logo

Alternative Africa

  • Home
  • Arts & Culture
  • Business
  • Environment
  • Politics
  • Sports
  • Reports
    • Africa-Observers
      • Read Reports
      • Submit a story
  • MORE
    • Health
    • News Now
    • World
    • Technology
  • UK closes all travel corridors over rising covid cases

  • Morocco honours Donald Trump, Jared Kushner

  • Stem cells from umbilical cord show promise in severe covid-19 therapy-Report

  • Be warned, ice cream tests positive for coronavirus in China

  • No change in horizon in Uganda as “lord Museveni” takes early election lead, rival alleges fraud

BusinessNews Now
Home›Business›Afreximbank announces $2bn trade financing support to Angola

Afreximbank announces $2bn trade financing support to Angola

By alternativeafrica
May 29, 2018
709
0
Share:

 

London, May 29, 2018 (AltAfrika)-The African Export-Import Bank is arranging up to $2 billion trade financing support to Angola, the bank President, Dr Benedict Oramah, has said.

The bank said in a statement on Tuesday that Oramah made the pledge in Luanda on May 24 during an audience with President João Manuel Gonçalves Lourenço of Angola.

Oramah said that the amount would include various trade financing facilities for essential imports.

The meeting also discussed proposals for $1 billion to be offered under the bank’s Investment Guarantee Refinancing Facility (ICREF) to facilitate private sector investments in industrial and non-oil productive activities.

The facility will also cover export manufacturing, fishing, agri-business and tourism.

The ICREF will be offered through designated banks.

Oramah said that the financing would also support the financial services sector by enabling selected Angolan Banks to issue letters of credit to be confirmed by Afreximbank for the continued importation of essential commodities, including food items and pharmaceuticals.

He also held meetings with Archer Mangueira, the Minister of Finance in Angola and Dr José de Lima Massano, Governor of the Banco Nacional de Angola, to agree on modalities for the implementation of the proposed financing.

The meetings also discussed Angola’s participation in the Intra-African Trade Fair being organized by Afreximbank in Cairo ‪from Dec. 11 to Dec. 17.

SHARE ON:
Previous Article

Egyptian lawyer sues Sergio Ramos for €1 ...

Next Article

Court orders prosecution of Nigerian lawmakers over ...

0
Shares
  • 0
  • +
  • 0
  • 0
  • 0
  • 0

alternativeafrica

Related articles More from author

  • HealthNews Now

    Ebola: Nigeria orders immediate surveillance at country’s entry points

    May 9, 2018
    By alternativeafrica
  • News Now

    Nigeria: Olubadan Warns Oyo Govt Against Court Contempt Over Chieftancy Crisis

    July 4, 2018
    By alternativeafrica
  • News Now

    Celebrations as Nigeria’s ‘Chibok girls’ reunited with families

    September 14, 2017
    By alternativeafrica
  • News Now

    Nigeria: Lagos Deputy Governor Abandons Ambode, Backs Sanwo-Olu

    October 2, 2018
    By alternativeafrica
  • News Now

    More trouble for Bush senior as second actor accuses him of sexual assault

    October 26, 2017
    By alternativeafrica
  • AfricaBusinessNews Now

    Ugandan refugees, host communities get $150 million support from World Bank

    April 22, 2019
    By alternativeafrica

Leave a reply Cancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

You might be interested

  • BusinessNews Now

    East Africa records 25.3 % drop in foreign direct investment 1n 2017

  • News NowPolitics

    Cameroon: Mixed Reaction as Pres. Biya Prepares to Run Again

  • HealthNews Now

    Nigeria gets $300 million loan for national malaria strategy

Timeline

  • January 16, 2021

    UK closes all travel corridors over rising covid cases

  • January 16, 2021

    Morocco honours Donald Trump, Jared Kushner

  • January 16, 2021

    Stem cells from umbilical cord show promise in severe covid-19 therapy-Report

  • January 16, 2021

    Be warned, ice cream tests positive for coronavirus in China

  • January 15, 2021

    No change in horizon in Uganda as “lord Museveni” takes early election lead, rival alleges fraud

  • Popular

  • Comments

  • Lagos govt confirms first case of deadly coronavirus infection in Nigeria

    By alternativeafrica
    February 28, 2020
  • Keynote Address of President Nana Addo Dankwa Akufo-Addo at 2018 Oxford Africa Conference

    By PSJ Africa
    May 14, 2018
  • Morocco begins regional integration by connecting Casablanca Airport with High Speed Train

    By alternativeafrica
    January 4, 2020
  • Kenyan govt pressure Facebook for data on Kenyan users

    By alternativeafrica
    November 20, 2019
  • Nigeria: 32,000 capacity Lagos rice mill to start production in 2020

    By alternativeafrica
    December 23, 2019
  • The return of fortress conservation: why excluding people means biodiversity conservation will fail – Future agricultures
    on
    October 16, 2020

    Inside the training camp of Akashinga, Zimbabwe’s armed, all-women anti-poaching rangers

    […] In parallel to ...
  • The return of fortress conservation: why excluding people means biodiversity conservation will fail - The Zimbabwean
    on
    October 12, 2020

    Inside the training camp of Akashinga, Zimbabwe’s armed, all-women anti-poaching rangers

    […] In parallel to ...
  • Ethiopia joins Africa's Artificial Intelligence revolution | Alternative Africa
    on
    October 2, 2020

    Spending on Artificial Intelligence Systems in Africa, Middle East to top $374 million in 2020

    […] Many African countries ...
  • The 5 most popular Africans 2020
    on
    September 25, 2020

    Celebrating Congolese doctor Jean-Jacques Muyembe, the man behind breakthrough of Ebola cure

    […] Dr. Jean-Jacques Muyembe ...
  • Millitants in Central Mali Set Jail Ablaze in Attack Killing Two | taktik(z) GDI (Government Defense ...
    on
    August 11, 2020

    Fifteen gendarmes killed in another attack on Mali camp

    […] attack fol­lowed a January ...
AlternativeAfrica.com is an independent Pan African News Website dedicated primarily to influencing the negative narratives about Africa. We hope to do this by focusing and showcasing the many developmental strides sweeping across the continent.

Read more >>>

Contact Info

  • 22 Laburnum Court, Laburnum Road, Mitcham London, CR4 2NA, United Kingdom
  • +44(0)2036320939 | +44(0)7535019197 | +44(0)7305356327
  • info@alternativeafrica.com
  • Recent

  • Popular

  • Comments

  • UK closes all travel corridors over rising covid cases

    By alternativeafrica
    January 16, 2021
  • Morocco honours Donald Trump, Jared Kushner

    By alternativeafrica
    January 16, 2021
  • Stem cells from umbilical cord show promise in severe covid-19 therapy-Report

    By alternativeafrica
    January 16, 2021
  • Be warned, ice cream tests positive for coronavirus in China

    By alternativeafrica
    January 16, 2021
  • Lagos govt confirms first case of deadly coronavirus infection in Nigeria

    By alternativeafrica
    February 28, 2020
  • Keynote Address of President Nana Addo Dankwa Akufo-Addo at 2018 Oxford Africa Conference

    By PSJ Africa
    May 14, 2018
  • Macron in Ivory Coast to launch anti-terrorism academy

    By alternativeafrica
    December 21, 2019
  • Kenyan govt pressure Facebook for data on Kenyan users

    By alternativeafrica
    November 20, 2019
  • The return of fortress conservation: why excluding people means biodiversity conservation will fail – Future agricultures
    on
    October 16, 2020

    Inside the training camp of Akashinga, Zimbabwe’s armed, all-women anti-poaching rangers

    […] In parallel to ...
  • The return of fortress conservation: why excluding people means biodiversity conservation will fail - The Zimbabwean
    on
    October 12, 2020

    Inside the training camp of Akashinga, Zimbabwe’s armed, all-women anti-poaching rangers

    […] In parallel to ...
  • Ethiopia joins Africa's Artificial Intelligence revolution | Alternative Africa
    on
    October 2, 2020

    Spending on Artificial Intelligence Systems in Africa, Middle East to top $374 million in 2020

    […] Many African countries ...
  • The 5 most popular Africans 2020
    on
    September 25, 2020

    Celebrating Congolese doctor Jean-Jacques Muyembe, the man behind breakthrough of Ebola cure

    […] Dr. Jean-Jacques Muyembe ...

Photostream

    Follow us

    • Home
    • About Us
    • Privacy Policy
    • Terms of Use
    • Contact Us
    © Copyright Alternative Africa 2019. All rights reserved.