{"id":599420,"date":"2019-06-27T04:00:16","date_gmt":"2019-06-27T04:00:16","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/27\/afreximbank-to-extend-further-usd-1-bn-in-trade-financing-loans-to-egypt-usd-in-2h2019\/"},"modified":"2019-06-27T04:00:16","modified_gmt":"2019-06-27T04:00:16","slug":"afreximbank-to-extend-further-usd-1-bn-in-trade-financing-loans-to-egypt-usd-in-2h2019","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/27\/afreximbank-to-extend-further-usd-1-bn-in-trade-financing-loans-to-egypt-usd-in-2h2019\/","title":{"rendered":"Afreximbank to extend further USD 1 bn in trade financing loans to Egypt USD in 2H2019"},"content":{"rendered":"

<\/a> EXCLUSIVE- Afreximbank to provide USD 1 bn of trade financing loans to Egypt in 2H2020: <\/b>The African Export Import Bank is planning to provide USD 1 bn of financing in 2H2019 to boost intra-African trade and support Egyptian companies to invest in Africa, a bank official told Enterprise on the sidelines of its annual meeting in Moscow. The financing will be provided in cooperation with Egyptian companies and banks.<\/p>\n

The latest loans will see Afreximbank providing a total of USD 2 bn to Egypt this year,<\/b> lower than the USD 3 bn the bank provided in 2018. The bank is looking to reduce its financial commitments to the country this year as the economy continues to rebound, the official said.<\/p>\n","protected":false},"excerpt":{"rendered":"

EXCLUSIVE- Afreximbank to provide USD 1 bn of trade financing loans to Egypt in 2H2020: The African Export Import Bank is planning to provide USD 1 bn of financing in 2H2019 to boost intra-African trade and support Egyptian companies to invest in Africa, a bank official told Enterprise on the sidelines of its annual meeting […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[421,7106,72,2380,132],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-599420","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-afreximbank","tag-debt","tag-enterpriseam","tag-speed-round","tag-trade","wpautop","entry"],"acf":{"mongo_id":"e84a1753-6f45-494e-b50f-7a85743e2aca","is_powered_by":true,"section_story_id":"a412f421-ac5b-4cd7-a5bc-2c4476290e8d","story_type":"1","photo_url":"","photo_position":"above","related_issue":[599410],"teaser":"","voice_url":""},"yoast_head":"\nAfreximbank to extend further USD 1 bn in trade financing loans to Egypt USD in 2H2019 - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/27\/afreximbank-to-extend-further-usd-1-bn-in-trade-financing-loans-to-egypt-usd-in-2h2019\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Afreximbank to extend further USD 1 bn in trade financing loans to Egypt USD in 2H2019\" \/>\n<meta property=\"og:description\" content=\"EXCLUSIVE- Afreximbank to provide USD 1 bn of trade financing loans to Egypt in 2H2020: The African Export Import Bank is planning to provide USD 1 bn of financing in 2H2019 to boost intra-African trade and support Egyptian companies to invest in Africa, a bank official told Enterprise on the sidelines of its annual meeting […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/27\/afreximbank-to-extend-further-usd-1-bn-in-trade-financing-loans-to-egypt-usd-in-2h2019\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-06-27T04:00:16+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/27\/afreximbank-to-extend-further-usd-1-bn-in-trade-financing-loans-to-egypt-usd-in-2h2019\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/27\/afreximbank-to-extend-further-usd-1-bn-in-trade-financing-loans-to-egypt-usd-in-2h2019\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Afreximbank to extend further USD 1 bn in trade financing loans to Egypt USD in 2H2019\",\"datePublished\":\"2019-06-27T04:00:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/27\/afreximbank-to-extend-further-usd-1-bn-in-trade-financing-loans-to-egypt-usd-in-2h2019\/\"},\"wordCount\":130,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"AfreximBank\",\"debt\",\"EnterpriseAM\",\"SPEED ROUND\",\"trade\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/27\/afreximbank-to-extend-further-usd-1-bn-in-trade-financing-loans-to-egypt-usd-in-2h2019\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/27\/afreximbank-to-extend-further-usd-1-bn-in-trade-financing-loans-to-egypt-usd-in-2h2019\/\",\"name\":\"Afreximbank to extend further USD 1 bn in trade financing loans to Egypt USD in 2H2019 - 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USD 6.1 bn in loans and other financing from Afreximbank, European Investment Bank","author":"enterpriseam admin","date":"19 July 2020","format":false,"excerpt":"DEBT WATCH- Egypt has landed c. USD 6.1 bn in loans and other financing from Afreximbank, European Investment Bank. The African Export-Import Bank (Afreximbank) has earmarked USD 3.9 bn for Egypt to mitigate covid-19 fallout and stimulate trade with the rest of the continent. 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The funding will be directed at BdC\u2019s expansion plans in Africa and financing intra-trade across the continent, he\u2026","rel":"","context":"In "SPEED ROUND: DEBT WATCH"","block_context":{"text":"SPEED ROUND: DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":599373,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/26\/egypt-to-sign-second-tranche-of-trade-financing-agreement-with-itfc-in-july\/","url_meta":{"origin":599420,"position":4},"title":"Egypt to sign second tranche of trade financing agreement with ITFC in July","author":"enterpriseam admin","date":"26 June 2019","format":false,"excerpt":"EXCLUSIVE- Egypt to sign second USD 1.5 bn tranche of trade financing agreement with ITFC in July: The Egyptian General Petroleum Corporation (EGPC) and General Authority for Supply Commodities (GASC) are expected to sign contracts for the USD 1.5 bn second tranche of a USD 3 bn trade finance facility\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":596884,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/10\/afreximbank-dedicates-usd-1-bn-to-afcfta-egypt-tanzania-summit-kicks-off\/","url_meta":{"origin":599420,"position":5},"title":"Afreximbank dedicates USD 1 bn to AfCFTA, Egypt-Tanzania summit kicks off","author":"enterpriseam admin","date":"10 July 2019","format":false,"excerpt":"Afreximbank dedicates USD 1 bn to support AfCFTA: Afreximbank has decided to allocate USD 1 bn to help countries that fear facing losses as a result of the AfCFTA agreement, President Benedict Oramah said on the sidelines of the African Union summit in Niger. 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