The head of the intra-trade, investment and corporate financing sector at the African Export-Import Bank (AFRIXIM), Ayman Al-Zoghbi, said that the bank is currently studying pumping $1.5 billion over the next year to Egyptian companies to implement infrastructure projects in African countries, including Libya.
Al-Zoghbi added that the bank’s total loan portfolio amounts to $37 billion as of this November, according to Al-Sharq.
He explained that the African Export-Import Bank (AFRIXIM) launched during the current year a program to finance small and medium-sized companies for export throughout Africa, including Egypt, with an initial portfolio worth $500 million, and we pumped $220 million from the program’s total allocations.
