This afternoon at Urugwiro Village, President Kagame received President and Chairman of Afreximbank, Prof Benedict Okechukwu Oramah; Chief Executive Officer(CEO) of the Fund for Export Development in Africa (FEDA), Marlene Ngoyi Mvidia, as well as two board members of FEDA: Lady Rosa Whitaker, and Dr. Sidi Ould Tah.
The meeting follows the launch of FEDA’s headquarters in Kigali. The fund seeks to fill the gap in equity financing on the African continent and will provide key impact investment to support private sector growth across Africa and ensure citizens benefit from the AfCFTA (African Continental Free Trade Area).
FEDA is the impact investment subsidiary of Afreximbank set up to provide equity, quasi-equity, and debt capital to finance the multi-billion-dollar funding gap (particularly in equity) needed to transform the Trade sector in Africa.
African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution mandated to finance, facilitate and promote intra and extra-African trade. (End)