Afreximbank offers $3bn credit limit to Africans willing to invest in Russia

Advertisements
Advertisements

The African Export–Import Bank (Afreximbank) on Thursday in St Petersburg, Russia,  announced a credit limit of three billion dollars to support African investors willing to exploit the opportunities in Russia.

The President and Chairman Board of Directors of Afreximbank, Dr Benedict Oramah said this at the opening session of the 2nd Russia-Africa Economic and Humanitarian Forum.

Advertisements

Oramah said that the scheme under the African Trade Exchange would promote easy flow of trade between Russia and Africa.

“The African Trade Exchange is a platform which we use to pool African demand for grains and fertilizers against which Afreximbank has placed an aggregate credit limit amounting to three billion dollars to support the trade.

““The three billion dollars represents what is available and can be used on a revolving basis to support the significant demand for food and fertilisers on the continent of Africa,’’ he said.

Oramah also said that through partnership with the Russia Export Center, Afreximbank will be able to support African investors who are willing to exploit the opportunities in Russia.

While appreciating investments from Russia into Africa, he expressed optimism that African investors would also invest in Russia.

According to him, it is where we have two way investments that we can accelerate trade flows and economic integration.

“We projected moving two way trade to closer to 40 billion dollars by 2026, in the four years to 2021 the trade flows reached almost 20 billion dollars from about 10 billion dollars five years earlier.

“These are despite the COVID-19 pandemic and all the significant global difficulties.

See also  Stakeholders seek African markets integration for economic growth

“With the strong partnership between Afreximbank and Russia Export Center, we expect a doubling of the trade flows in the next four years.

“Some progress is being made and we believe that this is achievable,’’ Oramah said.

The Afreximbank President further said that the global food security challenges brought to the fore the critical role trade with Russia plays in guaranteeing Africa’s food security.

He said that a significant proportion of African economies depend on Russia for the supply of fertilisers and 30 per cent of African cereal imports from Russia.

According to him, ensuring that these trade flows continue remains the priority of Afreximbank and its African member states.

“That is why in the context of unprecedented global uncertainties, Afreximbank has been working with the African Union Commission, the United Nations System and our Russian partners to use the e-commerce African Trade Exchange.

“This will facilitate seamless flow of goods and payments in any currencies the sellers and buyers choose and in a transparent manner,’’ he said.

Oramah expressed Afrixembank’s readiness to offer trade services, easy confirmation facilities and payment services under the African Trade Exchange platform.

“We look forward to continuing this effort with our Russian partners and using this platform to ease access to grains and fertilisers,’’ he said.

Oramah who said that 300 million Africans go hungry daily emphasised the need for effort towards ensuring food security.

“It is important that we all do our best to make sure that until we begin to achieve food sovereignty that we ensure that food security is attained.

See also  Afreximbank holds 30th Annual Meetings in  Ghana

“Beyond the immediate food security priorities, Afreximbank and the Russia Export Center are collaborating to promote trade and investments in other critical sectors.

“This is with emphasis placed on those activities that will help integrate the African economy and advance the implementation of the African Continental Free Trade Agreement (AfCFTA),’’ he said.

Oramah expressed the bank’s readiness to offer array of products to support investments in agriculture, industrial sector, parks, health and other critical infrastructure.

“By the end of the summit, I hope that Russia and Africa will have strengthened their solidarity, laid the foundation for rebuilding the supply chains for grains and fertilisers trade which is today a bit broken.

“This is important so the billions of dollars in the trade can continue,’’ he said. (NAN)

Advertisements

Leave a Reply

Your email address will not be published. Required fields are marked *

NONA88
NONA88
NAGAMAS69
NAGAMAS69
https://sipbanua.kalselprov.go.id/css/data-macau/
neoparty
neoparty
neoparty
neo party
neo party
neo party
https://site-desa.id/
NONA88
NONA88
NONA88
NONA88
NONA88
NONA88
NONA88
NONA88
NONA88
NONA88
NONA88
NONA88
NONA88
NONA88
NONA88
NONA88
NONA88
NONA88
NONA88
NONA88
NONA88
NONA88
NONA88
https://sipbanua.kalselprov.go.id/css/data-cambodia/
https://sipbanua.kalselprov.go.id/css/data-hk/
https://sipbanua.kalselprov.go.id/css/data-sydney/
https://sipbanua.kalselprov.go.id/css/data-togel/
https://sipbanua.kalselprov.go.id/css/data-taiwan/
https://sipbanua.kalselprov.go.id/css/data-jepang/
slot hoki
slot hoki
slot hoki
slot hoki
slot hoki
https://www.pa-demak.go.id/
https://banhub.kalselprov.go.id/css/data-taiwan/
https://banhub.kalselprov.go.id/css/data-sgp/
https://banhub.kalselprov.go.id/css/data-sdy/
https://banhub.kalselprov.go.id/css/data-macau/
https://banhub.kalselprov.go.id/css/data-hk/
https://banhub.kalselprov.go.id/css/data-cambodia/
https://darulaman.desa.id
https://mehos.ma/
slot gacor
slot gacor
slot gacor
slot gacor
slot gacor
slot gacor
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
https://bpbd.semarangkota.go.id/
DATA HK
DATA HK
DATA HK
DATA HK
DATA HK
DATA HK
DATA HK
DATA HK
DATA HK
https://abdipersadafm.kalselprov.go.id/.well-known/sites/prediksi-hongkong/
https://aduansiber.kalselprov.go.id/
https://banhub.kalselprov.go.id/.well-known/sites/keluaran-china/
https://biroadbang.kalselprov.go.id/.well-known/sites/prediksi-macau/
https://biroadpim.kalselprov.go.id/.well-known/sites/live-draw-china/
https://spark2d.com/
https://apsmexico.mx/
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
https://telukrhu.desa.id/
https://e-jurnal.unisfat.ac.id/
https://smkmutiara.sch.id/
https://smkn1sedan.sch.id/
https://perusdambs.com/
https://ikahi.or.id/
https://pangkalannyirih.desa.id/
Scatter hitam
Scatter hitam
Scatter hitam
Scatter hitam
Scatter hitam
Scatter hitam
Scatter hitam
Scatter hitam
Scatter hitam
Scatter hitam
SLOT GACOR
SLOT GACOR
https://supportdch.com
https://teluklecah.desa.id
https://sukarjomesim.desa.id
https://hutanpanjang.desa.id
https://makeruh.desa.id
https://dungunbaru.desa.id
https://goteandonews.com
Juraganfilm
NAGAMAS69
NAGAMAS69
NAGAMAS69
seduniatoto
https://maxweb.id/wp-content/plugins/assets/bane/
https://maxweb.id/wp-content/plugins/assets/junk/cache/heavy/
https://pos.maxweb.id/wp-content/plugins/assets/backend/smarty/vosh/
https://pos.maxweb.id/wp-content/plugins/assets/backend/codemirror/valen/
https://krisbee.maxweb.id/wp-content/plugins/assets/backend/mode/
https://krisbee.maxweb.id/wp-content/plugins/assets/files/volunteer/
https://japota.maxweb.id/wp-content/plugins/assets/other/akhan/
https://japota.maxweb.id/wp-content/plugins/assets/common/
https://nusatangan.maxweb.id/wp-content/plugins/assets/backend/common/heavy/
https://nusatangan.maxweb.id/wp-content/plugins/assets/codemirror/vaken/
Slot Thailand
Slot Thailand
Slot Thailand
Slot Thailand
Slot Thailand
Slot Thailand
Slot Thailand
Slot Thailand
Slot Thailand
Slot Thailand
Slot Thailand
Slot Thailand
Slot Thailand
Slot MPO
Slot MPO
Slot MPO
Slot MPO
Slot MPO
Slot MPO
Slot MPO
Slot MPO
Slot MPO
Slot MPO
Slot MPO
Slot MPO
https://pn-maros.go.id/components
gudanggameslot
infoslotreview
maxwinslotgame
reviewslotharian
slotgamecentral
Situs Slot Asiabet118
Link Slot ROYAL188
Daftar Slot ULTRA88
Slot Gacor HAPPYSLOT
Link Alternatif Slot FAFAJP
Situs Slot Gacor TOTOKING4D
Link Slot Gacor RATUKING4D
https://idbetdaftar.com/
slot gacor
Slot PragmaticDemo PG Soft
PG Soft Mahjong
Mahjong Ways>
Raja Mahjong
Slot Demo PG Soft
Link Slot Mahjong
Hitam Slot
https://wangiwarna.com/
https://suzukitegalbrebespemalang.com/
https://roadsweeper.id/
https://renovasiaja.com/
https://lemonsproduction.id/
https://ebeliku.com/
https://lesprivateq.com/
https://reksainti.com/
https://kopidan.com/
https://rsiagrandfamily.com/
https://syahdinaland.com/
https://geometri.co.id/
https://globalmultiteknik.com/
https://jungheinrichforkliftindonesia.com/
https://lagibokek.com/
https://openriset.id/
https://sglind.com/
https://berriesdiapers.com/
https://fiore.id/
https://paperondesign.com/
jpslot
halojp
https://38.47.180.29/
https://recreate68.org
https://octavia-brown.com
https://jacklang.net
https://themindinspired.org
https://restful-labs.com
https://redhooklondon.com
https://thecreepshow.org
https://1dream1tree.com
https://dasarme.org
https://revolutioninkindness.org
https://chicmagz.com
https://jonsimsctr.org
https://getagripamerica.com
https://handsoffmygrandma.com
https://wwwofficecomsetupkey.com
https://crustapunks.org
https://linnwood.org
https://repubblica24.com
https://jerryweller.com
https://joshanjed.com
https://jagokitchenset.com
https://tradeshw.com
Situs Slot
Slot Gacor
Slot Online
Slot Hoki
Slot Maxwin
Infini88
infini 88
HItam Slot
Slot Scatter Hitam
Situs Slot Scatter Hitam
Slot Infini88
Slot VIP
Situs Slot VIP
Slot VIP Member
Slot Resmi
Situs Slot Resmi
Scatter Hitam Resmi
Slot Scatter Hitam Resmi
Login Slot Resmi
Daftar Slot Resmi
Hitam Slot Resmi
Infini88 Resmi
Link Infini88 Slot
Infini88
infini 88
NONA88
NONA88
NAGAMAS69
NAGAMAS69
https://sipbanua.kalselprov.go.id/css/data-macau/
neoparty
neoparty
neoparty
neo party
neo party
neo party
https://site-desa.id/
NONA88
NONA88
NONA88
NONA88
NONA88
NONA88
NONA88
NONA88
NONA88
NONA88
NONA88
NONA88
NONA88
NONA88
NONA88
NONA88
NONA88
NONA88
NONA88
NONA88
NONA88
NONA88
NONA88
https://sipbanua.kalselprov.go.id/css/data-cambodia/
https://sipbanua.kalselprov.go.id/css/data-hk/
https://sipbanua.kalselprov.go.id/css/data-sydney/
https://sipbanua.kalselprov.go.id/css/data-togel/
https://sipbanua.kalselprov.go.id/css/data-taiwan/
https://sipbanua.kalselprov.go.id/css/data-jepang/
slot hoki
slot hoki
slot hoki
slot hoki
slot hoki
https://www.pa-demak.go.id/
https://banhub.kalselprov.go.id/css/data-taiwan/
https://banhub.kalselprov.go.id/css/data-sgp/
https://banhub.kalselprov.go.id/css/data-sdy/
https://banhub.kalselprov.go.id/css/data-macau/
https://banhub.kalselprov.go.id/css/data-hk/
https://banhub.kalselprov.go.id/css/data-cambodia/
https://darulaman.desa.id
https://mehos.ma/
slot gacor
slot gacor
slot gacor
slot gacor
slot gacor
slot gacor
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
https://bpbd.semarangkota.go.id/
DATA HK
DATA HK
DATA HK
DATA HK
DATA HK
DATA HK
DATA HK
DATA HK
DATA HK
https://abdipersadafm.kalselprov.go.id/.well-known/sites/prediksi-hongkong/
https://aduansiber.kalselprov.go.id/
https://banhub.kalselprov.go.id/.well-known/sites/keluaran-china/
https://biroadbang.kalselprov.go.id/.well-known/sites/prediksi-macau/
https://biroadpim.kalselprov.go.id/.well-known/sites/live-draw-china/
https://spark2d.com/
https://apsmexico.mx/
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
https://telukrhu.desa.id/
https://e-jurnal.unisfat.ac.id/
https://smkmutiara.sch.id/
https://smkn1sedan.sch.id/
https://perusdambs.com/
https://ikahi.or.id/
https://pangkalannyirih.desa.id/
Scatter hitam
Scatter hitam
Scatter hitam
Scatter hitam
Scatter hitam
Scatter hitam
Scatter hitam
Scatter hitam
Scatter hitam
Scatter hitam
SLOT GACOR
SLOT GACOR
https://supportdch.com
https://teluklecah.desa.id
https://sukarjomesim.desa.id
https://hutanpanjang.desa.id
https://makeruh.desa.id
https://dungunbaru.desa.id
https://goteandonews.com
Juraganfilm
NAGAMAS69
NAGAMAS69
NAGAMAS69
seduniatoto
https://maxweb.id/wp-content/plugins/assets/bane/
https://maxweb.id/wp-content/plugins/assets/junk/cache/heavy/
https://pos.maxweb.id/wp-content/plugins/assets/backend/smarty/vosh/
https://pos.maxweb.id/wp-content/plugins/assets/backend/codemirror/valen/
https://krisbee.maxweb.id/wp-content/plugins/assets/backend/mode/
https://krisbee.maxweb.id/wp-content/plugins/assets/files/volunteer/
https://japota.maxweb.id/wp-content/plugins/assets/other/akhan/
https://japota.maxweb.id/wp-content/plugins/assets/common/
https://nusatangan.maxweb.id/wp-content/plugins/assets/backend/common/heavy/
https://nusatangan.maxweb.id/wp-content/plugins/assets/codemirror/vaken/
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Thailand
Slot Thailand
Slot Thailand
Slot Thailand
Slot Thailand
Slot Thailand
Slot Thailand
Slot Thailand
Slot Thailand
Slot Thailand
Slot Thailand
Slot Thailand
Slot Thailand
Slot MPO
Slot MPO
Slot MPO
Slot MPO
Slot MPO
Slot MPO
Slot MPO
Slot MPO
Slot MPO
Slot MPO
Slot MPO
Slot MPO
https://pn-maros.go.id/components
gudanggameslot
infoslotreview
maxwinslotgame
reviewslotharian
slotgamecentral
Situs Slot Asiabet118
Link Slot ROYAL188
Daftar Slot ULTRA88
Slot Gacor HAPPYSLOT
Link Alternatif Slot FAFAJP
Situs Slot Gacor TOTOKING4D
Link Slot Gacor RATUKING4D
https://idbetdaftar.com/
slot gacor
Slot PragmaticDemo PG Soft
PG Soft Mahjong
Mahjong Ways>
Raja Mahjong
Slot Demo PG Soft
Link Slot Mahjong
Hitam Slot
https://wangiwarna.com/
https://suzukitegalbrebespemalang.com/
https://roadsweeper.id/
https://renovasiaja.com/
https://lemonsproduction.id/
https://ebeliku.com/
https://lesprivateq.com/
https://reksainti.com/
https://kopidan.com/
https://rsiagrandfamily.com/
https://syahdinaland.com/
https://geometri.co.id/
https://globalmultiteknik.com/
https://jungheinrichforkliftindonesia.com/
https://lagibokek.com/
https://openriset.id/
https://sglind.com/
https://berriesdiapers.com/
https://fiore.id/
https://paperondesign.com/
jpslot
halojp
https://38.47.180.29/
https://recreate68.org
https://octavia-brown.com
https://jacklang.net
https://themindinspired.org
https://restful-labs.com
https://redhooklondon.com
https://thecreepshow.org
https://1dream1tree.com
https://dasarme.org
https://revolutioninkindness.org
https://chicmagz.com
https://jonsimsctr.org
https://getagripamerica.com
https://handsoffmygrandma.com
https://wwwofficecomsetupkey.com
https://crustapunks.org
https://linnwood.org
https://repubblica24.com
https://jerryweller.com
https://joshanjed.com
https://jagokitchenset.com
https://tradeshw.com
Situs Slot
Slot Gacor
Slot Online
Slot Hoki
Slot Maxwin
Infini88
infini 88
HItam Slot
Slot Scatter Hitam
Situs Slot Scatter Hitam
Slot Infini88
Slot VIP
Situs Slot VIP
Slot VIP Member
Slot Resmi
Situs Slot Resmi
Scatter Hitam Resmi
Slot Scatter Hitam Resmi
Login Slot Resmi
Daftar Slot Resmi
Hitam Slot Resmi
Infini88 Resmi