Dr. Benedict Oramah, Afreximbank Executive Vice-President, presents certificate to a participant.
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.
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
Manal Mounir Hendy