Monday, 8 June 2015

News Release: On Visit To Zambian Vice-President, Afreximbank Announces Support For Small Enterprise Financing

Afreximbank President Jean-Louis Ekra presents a gift to Zambian Vice-President Inonge Wina during the courtesy call as Dr. Denny Kalyalya, Governor of the Bank of Zambia (1st left), looks on.

The African Export-Import Bank (Afreximbank) is negotiating to provide a financing facility to enable the Development Bank of Zambia boost its capacity for financing small enterprises and entrepreneurs in the country, Jean-Louis Ekra, President of the Bank, has said.

Speaking today in Lusaka when he led a delegation of the Bank’s Board of Directors on a courtesy visit to Vice-President Inonge Wina of Zambia, Mr. Ekra said that the Bank was also working to revive and enhance the facility it had used to provide financing to support Zambia’s mining industry in order to ensure an enhanced supply chain.

He stated that Afreximbank was focused on adding value to Africa’s products as it was through such value addition that jobs would be created and increased revenue generated for governments.

Earlier, Vice-President Wina urged Afreximbank to enhance its financing directed at industries which engaged in value addition as a way to increase benefits from Africa’s trade.

She also said that Afreximbank should focus on transactions that promoted entrepreneurship, noting that such transactions brought enhanced benefits to women.

The Vice-President commended Afreximbank for its support to Zambia which had included credit facilities granted to the country’s mines and support to Greenbelt Fertilizers Limited for warehouse construction.

Also speaking, Dr. Denny Kalyalya, Governor of the Bank of Zambia, stressed the importance of collaboration between Afreximbank and Zambia as part of efforts to promote trade.

The Afreximbank team is in Lusaka for the Bank’s 22nd Annual General Meeting of Shareholders and related activities which will run from 10 to 13 June.

The delegation included Afreximbank’s three Executive Vice Presidents and eight members of the Bank’s Board of Directors.

Obi Emekekwue
Afreximbank External Communications

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