Afreximbank commits US$500m for creative sector development and financing across Africa

AFRICA – Benedict Oramah, President of the African Export-Import Bank (Afreximbank), has announced a US$500 million envelope to support the production and trade of African cultural and creative products over the next two years, reports New Times Rwanda. Oramah told guests at the Creative Africa Exchange Weekend (CAX WKND) that was held in Kigali that the funds, would build on what the bank was already doing and would be accessible as lines of credit to banks, direct financing to operators and as guarantees. He said that the creative economy was…

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