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African Export–Import Bank, also referred to as Afreximbank or Banque Africaine d’Import-Export, is a pan-African supranational multilateral financial institution created in 1993 under the auspices of the African Development Bank. It was officially launched at the first general meeting of the shareholders in Abuja, Nigeria, in October 1993.
The company was established by the African Company Act 1750 (24 Geo. 2.c. 49), and in 1752 replaced the Royal African Company which had been established in 1660. [1] Unlike its predecessor, the African Company of Merchants was a regulated company, not a joint stock company: Clause IV of the African Company Act 1750 stated:
Map of East African Community and Africa. On top of free trade amongst the members of the EAC, these Burundi, Kenya, Rwanda, South Sudan, Tanzania, and Uganda joined together with the other members of the African Union to form the African Continental Free Trade Area (AfCFTA). The AfCTFA was ratified on March 21, 2018, and it creates a single ...
In 2018, South Africa exported and imported goods to and from the rest of Africa to the value of US$25 billion and US$11.5 billion, respectively. Intra-Africa exports account for 26% of South Africa's total exports and imports for 12% of total imports for 2018. South African exports to the rest of Africa are predominantly of value-added goods.
Countries in Africa are sorted according to data from the International Monetary Fund. [1] The figures presented here do not take into account differences in the cost of living in different countries, and the results can vary greatly from one year to another based on fluctuations in the exchange rates of the country's currency. [2]
Non-African Member Countries Paid-up Capital (in million USD) Other Shareholders Paid-up Capital (in million USD) Angola 15.8 Benin 27.6 India (ECGC) 10.6 African Development Bank 15.0 Burkina Faso 10.8 Burundi 16.2 Cameroon 9.0 African Reinsurance Corporation 1.0 Atradius 0.1 Chad 10.7 Côte d'Ivoire 20.5 Chubb Limited 9.0
Usage of: West African CFA franc (XOF) Central African CFA franc (XAF) CFA franc (French: franc CFA, [fʁɑ̃ seɛfɑ]) is the name of two currencies used by 210 million people (as of 2023) in fourteen African countries: the West African CFA franc (where "CFA" stands for Communauté Financière Africaine, i.e. "African Financial Community" in English), used in eight West African countries, and ...
Royal African Company, 17th- and 18th-century English chartered company mainly active in the Atlantic slave trade; African Company of Merchants, 18th- and 19th-century British Chartered Company in the Gold Coast of Africa, successor of the above; African Grove, theatre founded and operated by free African Americans in New York City in 1821
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