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AFREXIMBANKAfrican Export-Import Bank (Egypt)
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Mr Obi Emekekwue, head of Media, Afreximbank, said on Wednesday in Abuja that the bank's President, Benedict Oramah, made the remark at a recent China-Africa Cooperation Forum (FOCAC 2018) in Beijing.
Amer said that the last installment due to Afreximbank worth $600m will be paid on Monday.
The five-year syndicated loan was also the first five-year syndicated loan raised by Afreximbank and was over 100 per cent subscribed.
It said the phase involves the delivery of 10 Boeing aircraft, comprising nine 787-800 "Dreamliners" and one 777-300ER jet, to Kenya Airways as part of the 20-aircraft purchase transaction for which Afreximbank is the mandated lead arranger.
Afreximbank first applied for a piece of land to build its Anglophone West Africa's regional office in 2006 but it was not approved until this administration.
Banque Misr is the second government bank to receive a loan from Afreximbank this year.
Under the terms of the agreement, Afreximbank will provide the Revolving Global Central Bank of Egypt-sponsored Countercyclical Trade Liquidity Facility to eligible Egyptian importers that are supporting the productive sector and who receive the approval of the Central Bank.
According to a dispatch from the bank, obtained by PANA here Saturday, the delegation, led by Finance Minister Patrice Kitebi, informed Afreximbank officials that it was in the Egyptian capital to gain better understanding of the role and activities of the Bank for a final report to enable the Government conclude the signing and ratification process to join the Bank.
According to him, it will provide advisory services and guarantees to South African investors seeking trade and investment opportunities in African member countries of Afreximbank.