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Afreximbankll create digital ecosystem for finance flows

Published by The Nation on Wed, 17 Apr 2019


The African Export-Import Bank (Afreximbank) is working, with the support of African Union (AU), to create a digital ecosystem that will eliminate the major bottlenecks to trade finance flows within Africa, its President, Prof. Benedict Oramah, said Washington D.C.Delivering an address on 11 April at the Initiative for Global Development (IGD) Frontier 100 Forum organised by the IGD on the sidelines of the World Bank/IMF Spring Meetings, Prof. Oramah said one of the major constraints to intra-African trade was lack of information to support intra-regional trade and investments. That was why many African countries were importing products from outside the continent while neighboring countries were exporting the same products at a much lower cost.
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