• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Saturday, June 28, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Afreximbank sets up insurance subsidiary to support intra-African trade

Afreximbank

The Matters Press by The Matters Press
June 19, 2023
Reading Time: 2 mins read
0
Eswatini for $140m Afreximbank’s credit

Afreximbank

Abuja, June 18, 2023: The African Export-Import Bank (Afreximbank) on Sunday inaugurated its wholly-owned insurance management services subsidiary, AfrexInsure.

RELATED POSTS

Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group

N1.5trn recapitalisation of Agric bank will herald food security – TMV

Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

AfrexInsure was inaugurated on the sidelines of Afreximbank’s 30th Anniversary Annual Meeting in Accra, Ghana on Sunday, a statement released by BrandComms Agency said.

“AfexInsure was set up with a commitment to provide a single-entry point for all specialty insurance needs to assist in optimally managing related risks for the trade and commerce sector in Africa.

“ AfrexInsure was set up in 2021 to offer specialty insurance solutions for trade and trade-related investments across Africa with access to quality, best-in-breed specialty insurance that are tailor-made for Africa.

“With credible knowledge of Africa, AfrexInsure will leverage its risk expertise by using its continent-wide presence and deep understanding of the African market.

“AfexInsure will provide solutions around cargo handling, construction, operations, and energy, which are sectors critical for the growth and establishment of trade and investment intercontinentally.”

The statement quoted Prof. Benedict Oramah, President and Chairman of the Board of Directors, Afreximbank, as saying “AfrexInsure was established to facilitate the insurance of specialty risks.

“This is to support businesses in Afreximbank member countries to mitigate the problem of Africa having to rely on external partners to architect the continent’s economic resilience and development.”

The statement said Oramah, represented by Kanayo Awani, Executive Vice-President, Intra-African Trade Bank, said reducing the risk of transactions or investments, insurance could help drive forward business strategy for those engaged in intra-African trade.

” It would also enable global partners to further their commercial interests and ambitions in Africa.”

Oramah said insurance penetration was relatively low in Africa compared to other regions.

“AfrexInsure will, therefore, strengthen efforts to address this need in Africa and in partner states in the Caribbean.”

He said AfexInsure would also help retain insurance premiums in Africa and assist in ploughing back Africa’s investments into the continent for the enhancement of trade and economic development for the prosperity of the continent.

According to the statement, the launch also witnessed the unveiling of AfrexInsure’s logo and brand identity under the slogan “Insurance Optimised”.

Tags: Afreximbank
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

$2.5 billion JBS investment, a big economic victory for Nigeria –  TDF
Economy/Technology

Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group

June 27, 2025
ActionAid, SWOFON call for urgent completion of BOA recapitalisation
Agriculture

N1.5trn recapitalisation of Agric bank will herald food security – TMV

June 26, 2025
Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF
Energy

Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

June 25, 2025
Tinubu’s Visit to Benue, Mark of True Leadership, Renewed Hope
News

Tinubu’s Visit to Benue, Mark of True Leadership, Renewed Hope

June 25, 2025
79 candidates for presidential election
News

Tinubu’s new INEC building: A consolidation of democratic institutions, legacy in Nigeria – TDF

June 23, 2025
Gombe: Troops take over to enforce peace
News

Nigerian Army kills 6,260 terrorists, rescues 5,365 civilians in 2 years

June 20, 2025
Next Post
Consumer commission, CBN, EFCC investigate violations in money lending

CBN releases additional FX reforms, relaxes restriction on domiciliary accounts

TinCan Customs generates N274.32bn

Nigeria Customs extols use of technology in combating smuggling

Recommended Stories

What Central Bank did to First Bank, experts excited as new directors emerge

First Bank gets $150m from Afreximbank to support businesses

June 14, 2022
79 candidates for presidential election

INEC assures Nigerians of credible election in Edo

August 21, 2020
Value of China’s export to US dips

China allocates 300m yuan to support agriculture

August 17, 2022

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group
  • N1.5trn recapitalisation of Agric bank will herald food security – TMV
  • Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us