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ACBF and Afreximbank revive agreement to foster intra-Africa trade

Cairo, Egypt
25 Sep, 2015

The African Capacity Building Foundation (ACBF) and the African Export-Import Bank (Afreximbank) at a meeting held last week in Cairo, Egypt committed  to revive and foster the implementation of a Memorandum of Understanding (MoU), which they had signed in May 2012. This was agreed at a meeting held in Cairo, Egypt last week on the sides of the inauguration of the bank’s headquarters building and the investiture of the newly appointed President Dr Benedict Oramah.

The MoU provides the framework of collaborative activities between the two institutions, with the Foundation tasked with strengthening the bank’s capacity for research and policy formulation to support the development of intra-African trade. The agreement will also see ACBF and Afreximbank partner to mitigate risks in Africa by creating synergies through the joint support of economic policy analysis and management as well as a range of capacity development activities. Moreover, the agreement provides for the two partners to work at enhancing capacity in trade finance across the continent through the joint organizing of seminars, workshops and other knowledge sharing events for the public sector.

Afreximbank is based in Cairo, Egypt. It was created as a regional trade finance institution based on a unique international public-private partnership among African public and private investors and non-African investors to spearhead trade development in Africa by promoting and financing intra and extra African trade.  The Bank launched its activities in 1993 and has grown rapidly over the last decade with a volume of trade financing from $144 million in 2004 to $600 million in 2015.

ACBF was represented at the meeting by Dr. Roger Atindehou, Manager Eastern and Southern Operations Department. The ACBF mission seized this opportunity to discuss joint activities to be planned for next years during the meeting with the outgoing and incoming Presidents as well as with staff members.   

Thomas Kwesi Quartey

ACBF has been granted the status of a specialized agency because of the potential to transform Africa through capacity development.


H.E. Thomas Kwesi Quartey, Deputy Chairperson, AU Commission
Erastus Mwencha

The recognition of ACBF as the African Union’s Specialized Agency for Capacity Development launches the beginning of a new era for capacity building by ACBF, which will require an appropriate level of political commitment and financial support from all stakeholders.


H.E. Erastus Mwencha, Chair, ACBF Executive Board
Lamin Momodou

The remarkable achievements ACBF has registered over the past 26 years is not by accident in our opinion. They have come through hard work, dedication, commitment, purposeful leadership, support from the member countries as well as productive partnership building.


Mr. Lamin Momodou MANNEH, Director, UNDP Regional Service Centre for Africa
Goodall Gondwe

Africa needs ACBF as much, probably more now, than at the time it was created in 1991.


Hon. Goodall Gondwe, former Chair of the ACBF Board of Governors and Minister of Finance – Malawi
Ken Ofori Atta

Ghana’s partnership with ACBF is a tremendous blessing for us and therefore the opportunity for Ghana to host the 26th ACBF Board of Governors Meeting is something that we treasure.


Hon Ken Ofori Atta, Chair of the ACBF Board of Governors and Minister of Finance - Ghana
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