Afreximbank unveils $6.5bn equity capital increase

October 29, 2021 Sun News Online 0 Comments

To expand its capacity to deliver on its core mandate and diversify its range of services, the African Export-Import Bank has embarked on a $6.5 billion General Capital Increase (GCI) aimed at achieving the aforesaid. 

The GCI will enhance the bank’s capacity to support the procurement of COVID-19 vaccines for the continent, bolster post-pandemic recovery efforts for the economies of African nations and drive the implementation of the African Continental Free Trade Agreement (AfCFTA), among other strategic initiatives. Read More.

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