The American Chamber of Commerce, Ghana, Prosper Africa, and the Corporate Council on Africa on Tuesday, June 20, 2023, hosted an event on Leveraging Afreximbank Programs to Expand U.S. Trade and Investment with Africa on the sidelines of the Afreximbank Annual General Meeting in Accra.
This session highlighted opportunities for American firms to get more involved in investment and trade with Africa’s premier trade finance institution. It featured Senior Afreximbank officials who shared insight into the Bank’s policies to support priority projects in transportation, manufacturing, health care, and agribusiness.
The Afreximbank was established as the trade finance bank for Africa to support the industrialization of member countries. The Bank provides guarantees, trade information, and advisory and offers support to companies in adopting appropriate industrial policies to optimize operations as they believe industrialization does not involve just creating a project or building the structure. “It also involves having the right policies to attract and enable that investment to grow and enable us to trade amongst ourselves. So we also provide policy solutions, and then we provide credit facilities financing, and we also provide training and market access,” a bank official added.
The Bank also prioritizes the African diaspora and is willing to assist and fund them to establish and do business in critical sectors to spur growth on the continent. Afreximbank provides support in debt financing and product support for crucial investments.
The event provided an opportunity for senior government and corporate officials to discuss the most vital programs affecting economic and commercial development on the continent.
