Afrexim Bank Signs $10 million Deal With The Development Bank Of Rwanda

The African Export-Import Bank (Afrexim Bank) has signed a $10million credit facility with the Development Bank of Rwanda (BRD). This took place at the 24th Afrexim Bank Annual General Meeting (AGM) of Shareholders taking place in Kigali, Rwanda.

The strategic partnership between both banks was signed by, the President and Board Chairperson of Afreximbank, Dr. Benedict Oramah and the Chief Executive of BRD, Alex Kanyankole.

The President and Board Chairperson of Afrexim Bank, Dr. Benedict Oramah on Monday said that Afrexim was looking at funding a number of initiatives in Rwanda to promote trade.

The Development Bank of Rwanda is expected to invest this money in developmental projects, which include energy, power, agro-processing and manufacturing.

This is part of the Afrexim Bank’s commitment towards ensuring that development and economic growth in Africa are achieved soonest.

What you didn’t know about Afrexim Bank

About the Development Bank of Rwanda

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