Afrexim Bank studying funding for Egyptian investors’ projects in Africa, pledges further support for Egypt’s exports to Africa

Afrexim Bank could extend financing to Egyptian real estate, clean energy and manufacturing projects worth a combined value of USD 1.199 bn, the bank’s director of banking operations, Heba Aboul Ezz, tells Al Borsa. Afrexim Bank president Benedict Oramah said at a press conference on Thursday that the bank has reached an agreement to provide the National Bank of Egypt with financing to support Egyptian exports to Africa, the newspaper reports. Oramah did not specify the value of the funding.