Afreximbank to construct African Trade Centres in Zimbabwe

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The African Export-Import Bank (Afreximbank) is set to construct trade centres in Zimbabwe; this is according to the President, Dr. Benedict Oramah. They intend to transform the buildings into iconic business complexes with integrated one-stop trade services shop.

The complexes, Afreximbank – Africa Trade Centres, will help in the creation of mini business parks for African trade.

Features in the trade centres

The development will have several features such as a large auditorium conference centre; a trade information centre; corporate rental office space for trade promoting bodies, export credit agencies, commercial banks among other things.

Additionally, not only will there be a small business innovation and incubation hub but also up market lavish offices; high end shops and restaurants and public facilities, including a gymnasium and also a food court.

Also Read;US Export-Import bank devoted to financing Africa’s clean energy programs

Once complete

“I am happy to note that Zimbabwe will be the first beneficiary of this concept,” says Dr. Oramah. “Nevertheless, the project, once complete, will transform Zimbabwe into an intra-African trade hub; a centre of knowledge and information about markets and a centre of discussions for major deals.”

The mega project will eventually enable Afreximbank to expand its operations in Southern Africa in size, scope and complexity. Moreover, it will further cement a relationship that will demonstrate reliability beyond doubt.

About Afreximbank

Afreximbank is the foremost pan-African multilateral financial institution devoted to financing and promoting intra- and extra-African trade. The Bank has been in existence since October 1993 by African governments, African private and institutional investors, and non-African investors.

Its two basic constitutive documents are the Establishment Agreement, which gives it the status of an international organization, and the Charter, which governs its corporate structure and operations.

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