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Afreximbank, AGF Sign $30m Facility for African SMEs

  The African Export-Import Bank (Afreximbank) and African Guarantee Fund (AGF) have signed an agreement for a $30 million re-guarantee facility in support of African small and medium-sized enterprises (SMEs). The facility is designed for SMEs in the trade value chain to access funds for their activities. The Director, Trade Finance, Afreximbank signed

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Bankers Warehouse condemns EFCC’s action on $2.8mn confiscation, laments harassment of employees

The Bankers Warehouse on Friday wrote the Central Bank of Nigeria protesting the confiscation by the Economic and Financial Crimes Commission (EFCC) of a combined cash of $2.8 million (over N1 billion at N360 a dollar). The organisation, which provides cash-in-transit, cash management, and cash processing services to banks and retail

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