The AU has secured 270 million Covid-19 vaccine doses for the continent from drug manufacturers Pfizer, AstraZeneca and Johnson & Johnson.
AfDB, Afreximbank & FCI are partnering to launch a major Grant to support the capacity building of factoring firms in Africa.
Africa would need about $9 billion as funding to purchase enough of Covid-19 vaccines.
AfreximBank is ready to support factoring as a viable alternative source of funding for the SMEs in Africa.
Afreximbank will use the $500 million proceeds from the signed agreement with MUFG Bank for its Pandemic Trade Impact Mitigation Facility.
Afreximbank has listed eight Nigerian banks in its expanded Trade Finance Intermediary Initiative (TFIs).
Afreximbank has launched a continental due diligence platform for businesses and financial service firms.
Afreximbank African Commodity Index for Q3 2020 shows that the composite index fell marginally by 1% q-o-q.
Afreximbank has posted a net income of $217.06 million for the nine months ended September 30, 2020.
Afreximbank has announced the launch of a $1.5 billion collaborative COVID-19 Pandemic Response Facility
