The bank also called on Nigerian banks to leverage its credit lines as option for managing capital adequacy and liquidity issues. Omotola, Uche Jombo, Ini Edo grace unveiling of AFRIFF 2018 Executive African trade is estimated to be in the region of USD 1.5 trillion, a figure which is expected to continue on a 10% year-on-year growth rate.
Currently, African share of the global trade is less than 5%. The figure is low primarily because African economy is still commodity based. Afreximbank used these statistics to leverage their product, announcing the bank has put almost USD 2 billion in the trade facilitation programme to support the African economies.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.