The Africa Export and Import Bank (Afreximbank) has begun its Anglophone roadshow from Ghana with an interest in creating a partnership to finance the government’s industrialization program.
The bank believes the government’s vision to transform the economy through internal trading can be funded through partnerships.
According to the Africa Export Import, EXIM Bank, the economies of Africa can be sustained through industrialization and intra-trading among member nations.
Due to the stringent compliance and regulatory requirements imposed on African Banks by international banks, there has been a reduction of trade financing lines granted to African banks which is not making them strong enough to support growth in their local economies.
To this end, the roadshow organized by the Afriexim bank is to create awareness of some opportunities available for the commercial banks.
Consultant of Financial Institutions Trade Finance at the Afreximbank, Adeyinka Ademola, has been speaking to industry players at an engagement in Accra
He said, “In the government’s quest to drive industrialization, we are very enthused to working with the Ghanaian banks and I can assure you that we have solutions to most of your funding needs.
Ghana’s industrialization objective align perfectly with the Afrexim bank’s pillars, one of which is to see to the industrialization and export development for Africa as a whole,” he said.
Mr Ademola also used the opportunity to invite members of the trading community to the upcoming Intra Africa trade Fair in Egypt, Cairo.
The bank seeks to support financial sector players in the African region to finance intra-Africa trade.