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The African Capacity Building Foundation (ACBF) and the African Export-Import Bank (Afreximbank) sign a Memorandum of Understanding (MOU) to build Capacity for Trade Finance in Africa

Cairo
Arab Republic of Egypt
07 Feb, 2017

The African Capacity Building Foundation (ACBF) and the African Export-Import Bank (Afreximbank) have decided to join forces to build Capacity for Trade Finance in Africa. The MOU was signed by Dr. Benedict O. Oramah, President of Afreximbank and Prof. Emmanuel Nnadozie, Executive Secretary of ACBF on the 6th of February 2017 at Afreximbank’s headquarters in Cairo, Egypt.

The purpose of the MOU is to provide a broad framework for collaboration between the two pan-African institutions in building capacity for Trade Finance in Africa, especially in the following areas:

a. Supporting intra-African trade by strengthening institutional capacity

b. Partnering to mitigate country risks in Africa

c. Developing a University-based programme for trade finance

d. Co-financing of any other capacity development initiatives

The two institutions will appoint a joint “Implementation Committee”, comprised of competent teams from both parties to ensure satisfactory execution of the terms of the MOU.  The Committee will be responsible for the implementation of the Activity Implementation Plan and will meet at least once every year in order to evaluate its execution, to assess progress in the implementation of the MOU and recommend any measures that may be deemed necessary to ensure an effective implementation of the MOU. 

ACBF's financial support to our institution has helped us a great deal. We look forward to continued partnership with ACBF in pursuit of capacity building in STEM for Africa's sustainable development.


Prof. Burton Mwamila , Vice Chancellor , The Nelson Mandela African Institution of Science and Technology

The Africa we want, others have wanted it before us.


Dr. Hesphina Rukato , Development Consultant , Great Dyke Investments

The time to accelerate capacity building is now or never. The continent does not have the luxury to waste time anymore


Phelekezela Mphoko , Vice-President , Zimbabwe

The Africa rising narrative can no longer be denied. Africa has over the past decade, made the greatest economic gains than any other region in the world


Addoulaye Mar Dieye , UNDP Director Regional for Africa ,

Government must lead, catalyze, support, and invest by bringing in partners to fix market failures and mitigate risk


President Paul Kagame , President , Rwanda
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