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Dr. Benedict Oramah,
Afreximbank Executive Vice-President, presents certificate to a participant.
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Some 90
African bankers and senior representatives of financial institutions from more
than 20 African countries, today received certification from the African
Export-Import Bank (Afreximbank) after completing a three-day intensive
training programme in advanced structured trade financing.
The
certificates, awarded in Douala, Cameroon, at the end of Afreximbank’s 13th annual Seminar/Workshop on Advanced
Structured Trade Finance, went to senior representatives of African banks and
financial institutions, hedge funds, Africa country funds and venture capital
institutions, corporate entities engaged in trade, manufacturing and privatized
infrastructure projects, among others, who took part in the training.
In a
statement at the closing ceremony, Dr. Benedict
Oramah, Afreximbank’s Executive Vice-President in charge of Business
Development and Corporate Banking, said that the training had given
participants the tools they needed to be able to effectively structure bankable trade and trade-related project
finance deals that met the peculiar needs of the African market.
Dr. Oramah urged the participants to
pass on the knowledge they had acquired during the seminar and workshop to
their colleagues in their respective institutions upon their return in order to
further strengthen structured trade finance capacity across Africa.
In addition to
equipping participants with the technical skills and knowledge, the seminar and
workshop also provided a platform that enabled Afreximbank to strengthen
business relationships with its clients and partner institutions, continued the
Executive Vice-President.
Countries
represented in the training included Senegal, Mali, Sierra Leone, Liberia,
Nigeria, South Africa, Zimbabwe, Kenya, Cameroon, Togo, Ghana, Rwanda, Uganda,
Malawi, Ethiopia, and Cote d’Ivoire.
The training, which consisted of a
two-day four-session seminar on 19 and 20 November and a
one-day workshop on credit risk analysis on 21 November, was organized in cooperation with the Central Bank of Central
African States and the African Capacity Building Foundation.
About Afreximbank:
The African Export
Import Bank was established in October 1993 by African governments, African
private and institutional investors, and non-African investors to finance and
promote intra- and extra-African trade. Its two basic constitutive documents
are the Establishment Agreement, which gives it the status of an international
organization, and the Charter, which governs its corporate structure and
operations. Since 1994, the Bank has approved more than $25 billion in
credit facilities in support of African trade, including $3.71 billion in 2012.
Afreximbank is headquartered in Cairo. For more information, visit: www.afreximbank.com
Signed:
Manal
Mounir Hendy
Associate
External Communications
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