The Prime Minister of Cape Verde, Jose Correia e Silva, is scheduled to declare open on Monday, the Advanced Structured Trade Finance Seminar and Workshops being organised by the African Export-Import Bank (Afreximbank) on the Island of Sal in Cape Verde.
The seminar and workshops, which is the 17th in the series, are expected to attract some 200 high-
profile participants, including chief executive officers, managing directors and senior managers representing banks, other financial institutions, and entities involved in promoting
Apart from the seminar and workshops, Afreximbank has since 1994, approved more than $51 billion in credit facilities for African businesses, including about
$10.3 billion in 2016.
A statement from the Afreximbank office explained that the seminar and workshops are being held to acquaint African bankers with advanced structured finance tools and techniques for dealing with the challenges lenders face in the continent’s rapidly changing business environments.
It stated that it is targeted at giving the participants the capacity to structure bankable trade finance deals of varying levels of complexity, apart from and giving them the opportunity to network and exchange ideas.
According to the Afreximbank President, Dr. Benedict Oramah, “We are honoured to have Prime Minister Correia e Silva open the Structured Finance Seminar.
“Prior to starting his political career, Mr Correia e Silva worked in banking, so has an excellent understanding of the importance of educating and building capacity in the more complex areas of trade finance. We thank him for his hospitality in welcoming us to this event on beautiful Sal Island.”
Till date, about 1,600 African trade finance professionals, including bankers, traders, academics and regulators, have taken part in Afreximbank organised structured trade finance seminars and
This year’s event will end on 9 November and it is in partnership with Ministério das Finanças and Afreximbank.
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.
Afreximbank had total assets of $11.7 billion as at 31 December 2016 and is rated BBB+ (GCR), Baa1 (Moody’s), and BBB- (Fitch). The Bank is headquartered in Cairo.