Out-going President of Afrexiimexbank’s, Mr Jean-Louis Ekra has disclosed that Nigeria is the biggest beneficiary of the banks ‘ loans and projects.
Ekra disclosed this at a press conference in Cairo yesterday as part of activities marking the inauguration of the head office of the bank.
He said that as a multilateral finance institution, the bank had never discriminated against any African country in spite of having its head office in Cairo.
The bank boss also said that 37 Africa governments had shares in Afreximbank, explaining that projects were always financed based on merit.
Ekra listed some projects which the bank financed in Nigeria to include those in power sector, oil and gas as well as projects involved the development of local contents.
He said that a Nigerian construction firm designed the 14 million dollars head office of the bank in Cairo.Ekra said that the bank had intended to increase its paid up share capital by 2016, but this had even been achieved through positive response from shareholders.
Afreximbank is a Pan African finance institution designed to accelerate growth in Africa through trade finance.
