Afreximbank in fresh push to transform African trade, investments
BUSINESS REPORTER
The African Export-Import Bank (Afreximbank) has launched a member-driven network aimed at empowering international businesses and executives to transform trade and investments in Africa through trusted trade intelligence and advisory services.
The network, TRADAR Club, will deliver innovative digital tools and networking opportunities, helping members to discover new markets, grow their business, save time and access dedicated expert support, Afreximbank said.
It allows members to post and respond to new business opportunities, network and meet business or trading partners, among others.
TRADAR Club is anchored by Afreximbank’s Trade Intelligence Solutions Unit, which was conceived to address one of the key barriers to intra-African trade – the lack of comprehensive African trade and investment information, the Cairo-headquartered bank said in a statement.
Afreximbank’s Trade Intelligence Solutions is an end-to-end, integrated trade intelligence offering – supporting clients that are seeking to enter new markets in Africa or expanding into the continent.
The trade finance bank described TRADAR Club as the primary gateway through which exporters, importers and investors will access curated trade intelligence and advisory services to support their market expansion decisions and network with other businesses.
TRADAR Club membership is open to global industry leaders, African and foreign businesses, intergovernmental organisations, policy makers and other influential stakeholders committed to the shared objective of unlocking growth and development in the African continent, Afreximbank said.
Afreximbank is a pan-African multilateral financial institution mandated to finance and promote intra-and extra-African trade. At the end of 2021, the Afreximbank’s total assets and guarantees stood at about US$25bn and its shareholder funds amounted to US$4bn.
