Afreximbank embarks on $6.5bn capital increase drive
Published On November 9, 2021 » 706 Views» By Times Reporter » Business, Stories
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THE African Export-Import Bank (Afreximbank) has embarked on a US$6.5 billion General Capital Increase (GCI) to expand its capacity to deliver on its core mandate and diversify its range of services.
The GCI would 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.
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