Egyptian Foreign Minister Sameh Shokri held a meeting on Sunday with Dr. Benedict Okey Oramah Chairman of the Board of Directors of the African Export–Import Bank (Afreximbank)، at the Foreign Ministry’s headquarters in Cairo. During the meeting، the two parties discussed enhancing economic and financial cooperation between Egypt and the Afreximbank. It is noteworthy that Sameh Shoukry will head tomorrow to South Sudan and Kenya، ministry spokesman.
Official spokesman for the Foreign Ministry Ahmed Abu Zeid said that، the visit aims at promoting cooperation with the two friendly countries and consulting about a number of common interesting regional files. The African Export-Import Bank (Afreximbank) is the foremost pan-African multilateral financial institution devoted to financing and promoting intra- and extra-African trade. The Bank was established in October 1993 by African governments، African private and institutional investors، and non-African investors. Its two basic constitutive documents are the Establishment Agreement، which gives it the status of an international organization، and the Charter، which governs its corporate structure and operations. Since 1994، it has approved more than $51 billion in credit facilities for African businesses، including about $10.3 billion in 2016.