Can the new Nairobi International Finance Centre (NIFC) compete with Johannesburg and Dubai to help finance trade and industry in East Africa ... and beyond? Acting CEO Oscar Njuguna believes that there is plenty of room for everyone.
Fourteen African countries will benefit from a $7bn injection from the African Export-Import Bank (Afreximbank), in the fight against Covid-19.
Afreximbank had earlier approved the release of $2bn for the delivery of several million Johnson & Johnson vaccines to 26 countries on the continent. A down payment of $330m has already been made to the American firm. The pan-African trade finance institution held its board of directors meeting from September 22 to 24 in Yaoundé, Cameroon.