About Afreximbank
Afreximbank is a Financial Services company based in Cairo (Egypt) founded in 1993. Trade finance and commercial banking services are provided across Africa. Afreximbank has raised $182 million across 11 funding rounds from investors including HSBC, Standard Chartered and Woori Bank. Its website afreximbank.com draws about 88 thousand monthly visits. Afreximbank offers products and services including Trade Financing, Project Financing, Guarantees, and Export Development Advisory. Its focus areas include Banks and Commercial Banks. Its legal entity is African Export-Import Bank. Its competitors include CIB Egypt, Banque Misr and Crdit Agricole Egypt; 1 of its 3 listed competitors has raised funding.
Company details
Afreximbank was established in 1993 and is headquartered in Cairo, Egypt. Operations are focused on the banking sector, with emphasis on trade finance for African economies. Services include export-import financing, project funding, and corporate banking solutions. Activities span multiple African countries, supporting intra- and extra-continental trade through specialized financial products and risk management tools. The institution serves governments, enterprises, and financial intermediaries in the region.
- Total Equity Funding$182M (USD)
in 11 rounds
- Latest Funding Round$400M (USD), Debt – Conventional
Aug 2023
- InvestorsHSBC
& 17 more
Products & Services of Afreximbank
Afreximbank offers a comprehensive portfolio of products and services, including Trade Financing, Project Financing, Guarantees, and Export Development Advisory.
Provides loans for trade and export activities in Africa
Supports infrastructure and industrial projects across continents
Offers trade guarantees to mitigate financial risks
Assists with policies and strategies for export growth
Apps and channels of Afreximbank
its YouTube channel Afreximbank TV has 451K subscribers and 30 videos.
Videos from Afreximbank
The most watched videos on Afreximbank's YouTube channel, Afreximbank TV (451K subscribers). Click a video to play it here.
More on Afreximbank TV.
Funding Insights of Afreximbank
Afreximbank has successfully raised a total of $182M across 11 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $400 million completed in August 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $182M
- Total Rounds 11
- Last Round Debt – Conventional — $400M
- First Round $1.19B
(May 2017)
- Investors Count 18
Latest 10 of 11 funding rounds of Afreximbank with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2023 | $400M | Debt – Conventional | – | – | |
| Jun 2022 | $82M | Series C | – | – | |
| Mar 2022 | $1.2B | Debt – Conventional | – | – | – |
| Mar 2021 | $1.4B | Debt – Conventional | – | – | |
| May 2020 | $907.5M | Debt – Conventional | – | – | |
| Nov 2018 | $100M | Debt – Conventional | – | – | – |
| Sep 2018 | $100M | Series C | – | – | |
| Sep 2018 | $150M | Debt – Conventional | – | – | |
| Nov 2017 | $150M | Debt – Conventional | – | – | |
| Jun 2017 | Unspecified | – | – |
18 investors in total: 18 institutional.
Investors in Afreximbank
Afreximbank has secured backing from 18 investors, including institutional and venture fund investors. Prominent investors backing the company include HSBC, Standard Chartered and Woori Bank.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
VC & PE firm | pic.gov.za | Pretoria, South Africa | ||
Development finance offered via long-term lending and bond issuance. | 1994 | cdb.com.cn | Beijing, China | |
Operates as a commercial bank, offering deposits, loans, and payment services. | 1952 | bdc.com.eg | Kafr Nasr Allah, Egypt | |
Central Bank of Zimbabwe | 1956 | rbz.co.zw | Harare, Zimbabwe | |
NDB Capital Limited is recognized as a leading investment bank in Bangladesh. | ndbcapital.com | Dhaka, Bangladesh | ||
Multiple sectors are advised through specialized finance teams. | mufgcampus.com | Chiyoda-ku, Japan | ||
Corporate, investment, wealth, and retail banking services are provided globally. | 1953 | sc.com | London, United Kingdom | |
A commercial bank offering deposits, loans, and payment services to customers. | 1980 | bank-abc.com | Manama, Bahrain | |
Universal banking and financial advisory services are provided globally. | 1865 | hsbc.com | London, United Kingdom | |
Operates as a commercial bank providing deposits, loans, and payment services. | 1806 | sbibahrain.com | Manama, Bahrain |
Investor details for Afreximbank
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Afreximbank
83 people are tracked at Afreximbank (20 in leadership, 16 in board & advisors, 47 in team).
| Name | Role | Group |
|---|---|---|
Helen Brume | Director, Projects & Asset Based Finance | Leadership |
Yemi Kale | Managing Director & Group Chief Economist | Leadership |
Kwabena Ayirebi | Managing Director, Banking Operations | Leadership |
Nicole Bresson | Director, Protocol | Leadership |
George Elombi | President & Chairman of the Board of Directors | Leadership |
Seenee P. | Director Information Security And Risk Management | Leadership |
Gwen Mwaba | Director & Global Head, Trade Finance, Acting Director, Client Relations | Leadership |
Robert Tomusange | Director & Global Head, Administration | Leadership |
Elias Kagumya | Chief Risk Officer | Leadership |
Zitto Alfayo | Head, Project Preparation | Leadership |
Ibrahim Bagarama | Chief Regional Operating Officer, Central Africa | Leadership |
Hafedh Ben Afia | Head - North Africa Region | Leadership |
David K. Chebii | Director Risk Management (loan Remediation) | Leadership |
Marwa Turk | Director Management Accounting | Leadership |
Humphrey N. | Ag. Regional Chief Operating Officer | Leadership |
Ekene Uzor | SA To The President On Banking And Strategy | Leadership |
Sahil Sharma | Manager (consultant) – Office Of The President (ootp) | Leadership |
Chipo M. | Director, Credit & Enterprise Risk Management | Leadership |
Okechukwu Ihejirika | Ag. Chief Operating Officer- Caribbean Office | Leadership |
Mohamed Sayed | Head Of Client Relations, North Africa And Non Regionals | Leadership |
63 more people are available in the full profile.
Complete people profiles for Afreximbank
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Afreximbank
3 dated milestones of Afreximbank across 30 years, from founding to its latest funding, stage changes and deals.
- Founded Afreximbank is founded.
- Funding First funding round of $1.2B.
- Funding Latest funding round, Debt – Conventional, of $400.0M.
Competitors of Afreximbank
Afreximbank has 3 listed competitors in our database, 1 of them funded. They include CIB Egypt, Banque Misr and Crdit Agricole Egypt.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| cibeg.com | 1975 | Giza, Egypt | Commercial banking services are provided across Egypt's private sector. | |||
| banquemisr.com | 1920 | Cairo, Egypt | Commercial banking services are offered by Banque Misr in Egypt. | |||
| ca-egypt.com | 2006 | Cairo, Egypt | $30M | Commercial banking services are provided in Egypt by this institution. |
Detailed competitors of Afreximbank
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Web traffic of Afreximbank
The website of Afreximbank (afreximbank.com) receives about 87.5K visits a month.
- Monthly visits87.5K
▲ 0.6% vs previous month
Websites whose visitors overlap most with Afreximbank. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
developersinternational.com | developersinternational.com | 100% | – | ||
tralac.org | tralac.org | 93% | #860,995 | – | |
africaportal.org | africaportal.org | 91% | #1,470,774 | – | |
african.business | african.business | 83% | #336,668 | – | |
| ndb.int | 83% | 97.9K | #317,644 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 22 similar websites and full traffic analytics for Afreximbank
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Related news about Afreximbank
Complete news archive for Afreximbank
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Frequently Asked Questions about Afreximbank
Afreximbank was founded in 1993 and raised its 1st funding round 24 years after it was founded.
Afreximbank is headquartered in Cairo, Egypt.
Afreximbank is a funded company, having raised a total of $182M across 11 funding rounds to date.
Afreximbank was established in 1993 and is headquartered in Cairo, Egypt. Operations are focused on the banking sector, with emphasis on trade finance for African economies. Services include export-import financing, project funding, and corporate banking solutions. Activities span multiple African countries, supporting intra- and extra-continental trade through specialized financial products and risk management tools. The institution serves governments, enterprises, and financial intermediaries in the region.
Afreximbank's top competitors include CIB Egypt, Banque Misr and Crdit Agricole Egypt.
Afreximbank offers Trade Financing, Project Financing, Guarantees, and Export Development Advisory.
Afreximbank has 18 investors. Key investors include HSBC, Standard Chartered, Woori Bank, Shinhan Bank, and KEB Hana Bank.
Afreximbank operates through African Export-Import Bank.