Adeosun to host AFREXIMBANK investment forum Wednesday

The Minister of Finance, Mrs Kemi Adeosun, will Wednesday, host the Investment Forum/Trade Exhibition of the African Export-lmport Bank (AFREXIMBANK), in Abuja.

The Director of Information in the Ministry, Mr. Hassan Dodo, said in a statement, yesterday, that the event would be part of a series of activities lined up for the 25th Anniversary and 2018 Annual General Meetings of the bank.

Dodo’s statement read in part, “The Annual General Meetings are open to the Banking Industry professionals, Trade and Trade Finance practitioners and other stakeholders involved in economic development from across Africa and beyond.

“The meetings are also attended by business and political leaders and reputed to be among the most important gatherings of economic decision-makers in Africa.

“To celebrate its 25th anniversary, Afreximbank invited many individuals who played key roles in the establishment and development of the bank.

“In addition to the formal celebrations, Afreximbank has lined up a series of musical and other entertainment activities for guests, including performances by some of Africa’s best known artistes. Nigeria Afropop star, Davido and the San Vincente Carnival Troupe from Cape Verde are among confirmed performers.

“The event will be concluded on 14th July with the Annual General Meeting of Shareholders of the Bank. “African Export-lmport Bank (Afreximbank) is the foremost pan-African multilateral financial institution devoted to financing and promoting intra and extra – African trade.

“The bank was established in October 1993 by African Governments, African private and institutional investors, and non-African investors.

“Since 1994, it has approved more than $51 billion in credit facilities for African businesses, including about $10.3 billion in 2016.”

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