This was contained in a statement signed by Afreximbank’s Media Contact, Amadou Sall, on Monday in Abuja.
The President, Afreximbank, Prof. Benedict Oramah, said this at the ongoing first virtual International Conference on Public Health in Africa on Thursday.
The deal was signed at the Intra-African Trade Fair IATF in South Africa by its Founder and Chairman, Abdullahi Bashir.
The bank said in a statement issued on Wednesday that the partnership would address gaps in operational costs as well as funding for ongoing activities over a three-year period concluding in 2023.
PAPSS is a revolutionary Financial Market Infrastructure to enable instant, cross-border payments in local currencies between African markets.
These are under the Africa Continental Free Trade Area.
This was disclosed in a statement posted on its website.
He stated that such actions include the protection of local industries and improving value chains.
The ratings reinforce the Bank’s access to capital at a competitive cost, ensuring the continued success of key strategic initiatives to stimulate African trade.
The collaboration between Standard Chartered and Afreximbank will help ensure that 55 countries across Africa have access to COVID-19 vaccines. This facility will play a part in ensuring that Africa can achieve its COVID-19 strategy, which targets vaccinating a minimum of 60 per cent of Africa’s population.
The agreement signed by Professor Benedict Oramah, President of Afreximbank and Professor Emmanuel Nnadozie, Executive Secretary of ACBF, will see the two pan-African institutions contribute to capacity development for the implementation of the Africa Continental Free Trade Agreement (AfCFTA) encompassing knowledge-sharing, advocacy and promotion of trade and economic development in African Union’s member states.
Ahmed said this at a “Collaborative Africa Budget Reform Initiative” General Assembly webinar.
As expected, the “mind-boggling” contract awarded for the rehabilitation was greeted with mixed reactions. In some quarters, the debate was on how the Federal Government intends to raise the large sum of money to finance the project, especially at this critical period of the nation’s economy.
Abracadabra is the best word to describe what is going on in Port Harcourt Refinery. The Refinery is situated at Alesa Eleme, which is 19km from Port Harcourt city. I have visited the refinery thrice. Twice I accompanied my two bosses, Alhaji Gidado Idris and Chief Ufot Ekaette, both late Secretaries to the Government of the Federation. My last visit to the refinery was three years ago with a friend, who once worked in the refinery.
The Nigerian National Petroleum Corporation holds 55 per cent equity in the lease.
COPREFA will be accessed by eligible central banks, commercial banks and businesses to finance the import of medical supplies, as well as agricultural equipment and fertilizers essential for addressing the pressing food production deficit.
According to a statement from Afreximbank on Friday, the funds will assist Zenith Bank in its maintenance of foreign currency trade flows impacted by the COVID-19 pandemic.
The funds will assist Zenith Bank to continue to maintain foreign currency trade flows impacted by the COVID-19 pandemic.
The NIDCOM boss said Oramah’s enormous contributions to the growth and development of the bank and the huge successes attained during his first tenure are evident to this gesture of his re-appointment.
Keystone Bank Limited has re-emphasised its commitment to the growth and development of Africa’s creative industry as the lender recently partnered with the African Export-Import Bank and other multilateral agencies to host the maiden edition of the Creative Africa Exchange Weekend in Kigali, Rwanda.