Banks challenged to fund intra-Africa trade, devt initiatives

African Export-Import Bank (Afreximbank) has been lauded for supporting development initiatives and trade on the continent. Tony O. Elumelu, the chairman of Heirs Holdings and the Tony Elumelu Foundation, said the support the bank provides African businesses, adding that its significant contribution to the development of cross-border trade will spur investment in the long-run.
Elumelu (left) and Dr Benedict Oramah, the chairman of Afreximbank, sign a deal for $100 million credit facility to support Heirs Holdings. (Julius Bizimumgu)
Elumelu (left) and Dr Benedict Oramah, the chairman of Afreximbank, sign a deal for $100 million credit facility to support Heirs Holdings. (Julius Bizimumgu)
Julius Bizimungu