Wednesday, 30 May 2018

AFREXIMBANK SUPPORTS ANGOLA WITH $2B FOR ESSENTIAL IMPORTS

The African Export-Import Bank (Afreximbank) is arranging up to $2 billion in financing support to Angola, the bank’s President, Benedict Oramah, has said. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html

Oramah, who was speaking in Luanda during an audience with President João Manuel Gonçalves Lourenço of Angola, said that the amount included various trade financing facilities for essential imports.

The meetings also discussed proposals for $1 billion to be offered under the Bank’s Investment Guarantee Refinancing Facility (ICREF) to facilitate private sector investments in industrial and non-oil productive activities, including export manufacturing, fishing, agri-business and tourism. ICREF will be offered through designated banks.

Hmmm!!! Folks, let us say the truth and shame the devil. Many Nigerian non-oil products exporters have been defrauded of huge amount of money in the process of exporting agricultural commodities and solid minerals to foreign countries. Do you know why? They were not trained on export operations, management, documentations and the best methods of payment in export trade. This is terrible!!! Nigerians cannot continue to lose money to foreigners in the course of export business. Exporters, would you like to keep on being scammed? Why don’t you get a practical manual that explains the stages of export trade from processing and packaging of commodities to receipt of payment by the foreign buyers? It explains export operations, export management, export documentations and methods of payment in export trade? Yes, it is a contemporary step-by-step guide to export trade. It tells all the contemporary dynamics in export trade. To get it, click on the link below:

Oramah said that the financing would also support the financial services sector by enabling selected Angolan Banks to issue letters of credit, to be confirmed by Afreximbank, for the continued importation of essential commodities, including food items and pharmaceuticals.

Oramah also held meetings with Archer Mangueira, Minister of Finance of Angola, and José de Lima Massano, Governor of the Banco Nacional de Angola, to agree on modalities for the implementation of the proposed financing as well as on Angola’s participation in the Intra-African Trade Fair being organized by Afreximbank in Cairo from 11 to 17 December. (The Nation)

Have you heard this? Many Nigerian exporters have been defrauded of huge amount of money in the process of exporting commodities to foreign countries. Do you know why? They were not trained on export operations, management, documentations and the best methods of payment in export trade. This is terrible!!! Nigerians cannot continue to lose money to foreigners in the course of export business. Exporters, why don’t you get a practical manual that teaches the stages of export trade from processing and packaging of commodities to receipt of payment by the foreign buyers. It teaches export operations, export management, export documentations and methods of payment in export trade? It is a contemporary step-by-step guide to export trade. It tells all the contemporary dynamics in export trade. To get it, click on the link below:

Hmmm!!! Folks, have you ever imagined how the financial status of your firm will be when more than 20,000 CEOs and other key decision makers of blue-chip corporations pay for your products and services or even give you very juicy deals. The link below will tell you more: http://www.tectono-business.com/2015/07/tectono-business-review-in-conjunction_21.html