African EXIM Bank to Convene its Meeting in Ethiopia

The African Import and Export Bank (African EXIM Bank) is planning to convene its annual general assembly in Addis Ababa, Ethiopia in May.
The bank's general assembly meeting will be held as a sideline event of the Diamond Jubilee of the African Union which will take place in May 2013 in 
Addis Ababa, Ethiopia.

The African Export Import Bank (the “Bank”) was established in Abuja, Nigeria, in October 1993 by African governments, African private and institutional 
investors as well as non-African financial institutions and private investors for the purpose of financing, promoting and expanding intra-African and extra- African trade.

The Bank was established under the twin constitutive instruments of an agreement signed by member states and multilateral organizations, and 
which confers on the Bank the status of an international multilateral organization, as well as a charter governing its corporate structure and operations 
signed by all shareholders. The authorized share capital of the bank is 750 million dollars.

The bank, headquartered in Cairo, commenced operations on September 30, 1994, following the signature of a Headquarters Agreement with the host government in  August of the same year. The bank has branch offices in Harare, Zimbabwe and Abuja, Nigeria.

Envisioned with being the trade finance bank for Africa, the Import Export bank wants to stimulate a consistent expansion, diversification and development of African trade while operating as a first-class, profit-oriented, socially-responsible financial institution and a center of excellence in African trade matters.

Source: Walta

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