African Export-Import Bank (Afreximbank) has announced the finalisation of a 207 million dollars facility granted by Nippon Export and Investment Insurance (NEXI), the state-owned Japanese organisation focused on trade and investment.
Afreximbank’s Media Contact, Amadou Sall said in a statement in Abuja that the agreement was consummated on Friday in Cairo, Egypt.
The facility would support the bank’s broader response measures to the Covid-19 pandemic, especially its financing efforts for the acquisition of COVID-19 vaccines for Africa through the African Vaccine Acquisition Trust (AVAT).
“ Today’s announcement represents the second collaboration between Afreximbank and NEXI.
“In 2020, NEXI approved a 520 million dollars facility which was also designed to support the Bank’s response to the COVID-19 pandemic by enabling it to finance the import of Covid-19 containment materials as well as related essentials.
“ The range of facilities supports the implementation of…
Source: Guardian Newspaper
