Overview:
Afro Exim Bank is a bank, which lends money to largely government institutions to run public projects. Afreximbank, which is headquartered in Cairo, currently has branch offices in Abidjan, Abuja and Harare.
The Government of Uganda has handed over a piece of land to African Export-Import Bank (Afrexim Bank) to enable it build its regional headquarters in Kampala.
The piece of land, located along Yusuf Lule Road, was handed over to Afrexim Bank by Finance ministry officials led by Minister Matia Kasaija on Monday, 03 October 2022.
The piece of land formerly belonged to National Social Security Fund (NSSF).
Kasaija handed over the land to the President and Chairman of Afrexim Bank, Dr Benedict Okey Oramah.
“Government of Uganda is pleased to host the Regional Branch office for the Afrexim Bank and we look forward to a stronger partnership in development of the economic status of this great nation,” the minister said.
Kasaija explained that government agreed to provide land to the Bank as a way of facilitating and expediting its establishment in Uganda. He said the bank is expected to ease long term credit with low interest rates to Ugandans.
“Government of Uganda is pleased to host the Regional Branch office for the Afrexim Bank and we look forward to a stronger partnership in development of the economic status of this great nation,”
MATIA KASAIJA, MATIA KASAIJA
“The multilateral financial institution is ready to work with us,” he said.
According to Prof Oramah, Afrexim Bank Kampala will now host Afreximbank East Africa regional office and Africa Trade Centre. “Afreximbank begins the process of establishing a deep taproot here in Kampala,” he said.
From Kampala, he said, Afrexim Bank will reach 11 countries in East Africa AND Horn of Africa.
“The Iconic Afrexim Africa Trade Centre (AATC) will offer architecturally inspiring nodes that will connect traders and investors across Africa,” said Prof Oramah.
The Afrexim Africa Trade Centre (AATC) in Kampala will house Bank’s regional office, a world class hotel facility, conference and exhibition centre, trade information facility, technology incubation hub as well as regional, development institutions.
Afro Exim Bank is a bank, which lends money to largely government institutions to run public projects. Afreximbank, which is headquartered in Cairo, currently has branch offices in Abidjan, Abuja and Harare.