{"id":636105,"date":"2017-12-20T04:06:21","date_gmt":"2017-12-20T04:06:21","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/20\/afreximbank-to-provide-usd-150-mn-to-egyptian-factoring-companies\/"},"modified":"2017-12-20T04:06:21","modified_gmt":"2017-12-20T04:06:21","slug":"afreximbank-to-provide-usd-150-mn-to-egyptian-factoring-companies","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/20\/afreximbank-to-provide-usd-150-mn-to-egyptian-factoring-companies\/","title":{"rendered":"AfreximBank to provide USD 150 mn to Egyptian factoring companies"},"content":{"rendered":"

The African Export-Import Bank (AfreximBank) is planning to provide Egyptian factoring companies with USD 150 mn in funding over the next five years, Managing Director of AfreximBank\u2019s Intra-African Trade Initiative Kanayo Awani tells Daily News Egypt<\/a>. The funding program, which began this year, will expire in 2021. The bank is currently in talks to provide the Egyptian Factoring Association with funding to finance SMEs in Egypt.<\/p>\n","protected":false},"excerpt":{"rendered":"

The African Export-Import Bank (AfreximBank) is planning to provide Egyptian factoring companies with USD 150 mn in funding over the next five years, Managing Director of AfreximBank\u2019s Intra-African Trade Initiative Kanayo Awani tells Daily News Egypt. The funding program, which began this year, will expire in 2021. The bank is currently in talks to provide […]<\/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":[9298],"tags":[2372,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-636105","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"a2a3b280-0551-47c4-b554-3e290e4254af","order":"0","is_powered_by":true,"section_story_id":"dd4374fc-4ddc-4956-b0d0-79a44647717c","story_type":"1","photo_url":"","photo_position":"above","related_issue":[636057],"teaser":"","voice_url":""},"yoast_head":"\nAfreximBank to provide USD 150 mn to Egyptian factoring companies - 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\/2017\/12\/20\/afreximbank-to-provide-usd-150-mn-to-egyptian-factoring-companies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AfreximBank to provide USD 150 mn to Egyptian factoring companies\" \/>\n<meta property=\"og:description\" content=\"The African Export-Import Bank (AfreximBank) is planning to provide Egyptian factoring companies with USD 150 mn in funding over the next five years, Managing Director of AfreximBank\u2019s Intra-African Trade Initiative Kanayo Awani tells Daily News Egypt. The funding program, which began this year, will expire in 2021. The bank is currently in talks to provide […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/20\/afreximbank-to-provide-usd-150-mn-to-egyptian-factoring-companies\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-12-20T04:06:21+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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/20\/afreximbank-to-provide-usd-150-mn-to-egyptian-factoring-companies\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/20\/afreximbank-to-provide-usd-150-mn-to-egyptian-factoring-companies\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"AfreximBank to provide USD 150 mn to Egyptian factoring companies\",\"datePublished\":\"2017-12-20T04:06:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/20\/afreximbank-to-provide-usd-150-mn-to-egyptian-factoring-companies\/\"},\"wordCount\":74,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"BANKING + FINANCE\",\"EnterpriseAM\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/20\/afreximbank-to-provide-usd-150-mn-to-egyptian-factoring-companies\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/20\/afreximbank-to-provide-usd-150-mn-to-egyptian-factoring-companies\/\",\"name\":\"AfreximBank to provide USD 150 mn to Egyptian factoring companies - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-12-20T04:06:21+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/20\/afreximbank-to-provide-usd-150-mn-to-egyptian-factoring-companies\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/20\/afreximbank-to-provide-usd-150-mn-to-egyptian-factoring-companies\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/20\/afreximbank-to-provide-usd-150-mn-to-egyptian-factoring-companies\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"AfreximBank to provide USD 150 mn to Egyptian factoring companies\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"AfreximBank to provide USD 150 mn to Egyptian factoring companies - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/20\/afreximbank-to-provide-usd-150-mn-to-egyptian-factoring-companies\/","og_locale":"en_US","og_type":"article","og_title":"AfreximBank to provide USD 150 mn to Egyptian factoring companies","og_description":"The African Export-Import Bank (AfreximBank) is planning to provide Egyptian factoring companies with USD 150 mn in funding over the next five years, Managing Director of AfreximBank\u2019s Intra-African Trade Initiative Kanayo Awani tells Daily News Egypt. The funding program, which began this year, will expire in 2021. The bank is currently in talks to provide […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/20\/afreximbank-to-provide-usd-150-mn-to-egyptian-factoring-companies\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2017-12-20T04:06:21+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/20\/afreximbank-to-provide-usd-150-mn-to-egyptian-factoring-companies\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/20\/afreximbank-to-provide-usd-150-mn-to-egyptian-factoring-companies\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"AfreximBank to provide USD 150 mn to Egyptian factoring companies","datePublished":"2017-12-20T04:06:21+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/20\/afreximbank-to-provide-usd-150-mn-to-egyptian-factoring-companies\/"},"wordCount":74,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["BANKING + FINANCE","EnterpriseAM"],"articleSection":["Banking + Finance"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/20\/afreximbank-to-provide-usd-150-mn-to-egyptian-factoring-companies\/","url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/20\/afreximbank-to-provide-usd-150-mn-to-egyptian-factoring-companies\/","name":"AfreximBank to provide USD 150 mn to Egyptian factoring companies - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2017-12-20T04:06:21+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/20\/afreximbank-to-provide-usd-150-mn-to-egyptian-factoring-companies\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2017\/12\/20\/afreximbank-to-provide-usd-150-mn-to-egyptian-factoring-companies\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/20\/afreximbank-to-provide-usd-150-mn-to-egyptian-factoring-companies\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"AfreximBank to provide USD 150 mn to Egyptian factoring companies"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":556048,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/10\/new-infusions-of-usd-for-state-banking-system\/","url_meta":{"origin":636105,"position":0},"title":"New infusions of USD for state, banking system?","author":"enterpriseam admin","date":"10 October 2021","format":false,"excerpt":"The Madbouly government is looking to raise USD 2 bn through a three-year syndicated facility, according to a Finance Ministry statement on Friday. The loan will include ESG and Islamic finance components, with the ESG tranche set to target green projects under the Finance Ministry\u2019s green financing framework, Emirates NBD,\u2026","rel":"","context":"In "DEBT WATCH"","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/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":602121,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/19\/factoring-could-provide-the-solution-to-close-the-sme-funding-gap-afreximbank\/","url_meta":{"origin":636105,"position":1},"title":"Factoring could provide the solution to close the SME funding gap- Afreximbank","author":"enterpriseam admin","date":"19 March 2019","format":false,"excerpt":"The second-oldest profession could help SMEs grow in Egypt and Africa: Factoring could be a viable and sustainable solution to address the funding gap for SMEs in Africa and help them grow, the African Export-Import Bank (Afreximbank) hasstated. Africa accounted for less than 1% of global factoring volumes in 2017,\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":566306,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/10\/state-banks-get-plenty-of-funding-from-global-lenders\/","url_meta":{"origin":636105,"position":2},"title":"State banks get plenty of funding from global lenders","author":"enterpriseam admin","date":"10 June 2021","format":false,"excerpt":"Banque du Caire (BdC) signed a financing agreement worth USD 200 mn with the African Export-Import Bank (Afreximbank), chairman and CEO of BdC Tarek Fayed told Al Mal in an interview today. 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":588257,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/08\/new-finance-for-air-cairo-ifc-support-for-microlenders\/","url_meta":{"origin":636105,"position":3},"title":"New finance for Air Cairo + IFC support for microlenders","author":"enterpriseam admin","date":"8 June 2023","format":false,"excerpt":"AfreximBank is lending USD 44 mn to help fund new planes for Air Cairo","rel":"","context":"In "Finance"","block_context":{"text":"Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/6\/420.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":601830,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/11\/elsewedy-electric-bod-signs-off-on-usd-150-mn-afreximbank-credit-facility\/","url_meta":{"origin":636105,"position":4},"title":"Elsewedy Electric BoD signs off on USD 150 mn Afreximbank credit facility","author":"enterpriseam admin","date":"11 March 2019","format":false,"excerpt":"The board of directors of Elsewedy Electric has approved signing a USD 150 mn loan agreement with the African Export\u2013Import Bank, according to an EGX disclosure (pdf).","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":567165,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/14\/egpc-borrows-usd-500-mn-from-afrexim-nbe-to-finance-crude-imports\/","url_meta":{"origin":636105,"position":5},"title":"EGPC borrows USD 500 mn from Afrexim, NBE to finance crude imports","author":"enterpriseam admin","date":"14 January 2020","format":false,"excerpt":"The Egyptian General Petroleum Corporation (EGPC) will borrow USD 500 mn from the African Export-Import Bank (Afrexim) and the National Bank of Egypt (NBE) to finance imports of crude and petroleum products, banking sources told Al Shorouk. The state-owned energy company signed contracts with the two banks at the end\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/636105","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=636105"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/636105\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/636057"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=636105"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=636105"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=636105"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=636105"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=636105"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}