African Export-Import Bank (Afreximbank) Africa’s leading multilateral financial institution, on Sunday marked a historic milestone with the groundbreaking ceremony of the Afreximbank African Trade Centre (AATC) in Egypt’s New Capital, which will also be the home of the Bank’s new global headquarters.
Situated in the Diplomatic District of the New Capital, approximately 45 kilometres east of Cairo, the Afreximbank African Trade Centre will be located in a modern, strategically planned environment that brings together government ministries, foreign embassies, and international organisations. It will be the first facility of its kind in the North Africa region.
Speaking at the ceremony, Egypt’s Prime Minister, His Excellency, Dr Mostafa Madbouly, said: “The establishment of the Afreximbank African Trade Centre (AATC) in Egypt’s New Capital reflects Egypt’s important role in driving continental economic integration and trade facilitation.
“As the host country of Afreximbank’s global headquarter, Egypt is proud to deepen this collaboration through a landmark facility that will serve as a hub for trade intelligence, capacity building, innovation, and continental connectivity.”
Afreximbank’s President and Chairman of its Board of Directors, Dr George Elombi, expressed appreciation to the Government of Egypt for its steadfast support since the Bank’s establishment in 1993. He noted that Egypt has hosted the Bank’s global head- quarters for more than three decades, con- tributing significantly to the Afreximbank’s strong growth, and that Egypt, represented by its Central Bank, is also the largest sover- eign shareholder of Afreximbank.
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