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AFREXIMBANKAfrican Export-Import Bank (Egypt)
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At the launch of the meeting, AFREXIMBANK and the Employer s Union of Cameroon, GICAM signed a protocol agreement to facilitate access of Cameroonian enterprises to AFREXIMBANK s finances.
Oramah, who noted that the ratification gave full legal effect to the Branch Office Agreement, described the office as a very important instrument in implementing Afreximbanks mandate of promoting intra-African trade and supporting the development of value-added exports from Africa.
In Moodys annual update, Credit Analysis: African Export-Import Bank, released on 3 December, Elisa Parisi-Capone, Assistant Vice President Analyst and co-author of the report, said that Afreximbanks demonstrated ability to raise equity capital from new and existing shareholders attests to strong shareholder support, despite the banks low average shareholder rating.