The Arab Republic of Egypt Accedes to the Establishment Agreement for Afreximbank’s Fund for Export Development in Africa (FEDA)

With Egypt’s longstanding place as a founding shareholder and the host nation of Afreximbank’s headquarters, this latest growth underscores Egypt’s dedication to supporting Afreximbank and FEDA’s mission of catalyzing intra-African commerce and export growth. The signing of FEDA’s Institution Settlement opens avenues for strengthening commerce relations between Egypt and different African nations.

The inclusion of Egypt in FEDA’s membership base considerably expands the attain of FEDA’s interventions with its major aims of offering sustainable capital to African economies. FEDA’s intervention locations nice emphasis on industrialization, intra-African commerce, and the event of value-added exports.  

Professor Benedict Oramah, President of Afreximbank and Chairman of the Boards of each Afreximbank and FEDA, expressed gratitude for Egypt’s accession, stating, “We warmly welcome the signing of the FEDA Institution Settlement by the Arab Republic of Egypt. This momentous event exemplifies Egypt’s unwavering assist for Afreximbank and its initiatives since inception. With Egypt onboard, FEDA is well-positioned to reinforce its transformative investments inside the nation.”