ANNOUNCED AS TEMPORARYNo
The African Export-Import Bank (Afreximbank) and the Nigerian Export-Import Bank (NEXIM) implemented an intervention programme in the Nigerian cocoa sector. The core scope of this intervention is to revive the national cocoa sector and enable it, reemerge as Nigeria’s top non-oil export foreign exchange earner.
The core elements of the specified intervention are the following:
The Nigerian Export-Import Bank (NEXIM) is a Nigerian export credit agency owned by the Nigerian Central and Federal government. The primary scope of the Bank is to provide export credit guarantees and export credit insurance for exports of Nigerian products and services.
African Export–Import Bank, with headquarters in Cairo (Egypt) is a financial institution established with the purpose of promoting finance trade within the African continent and trade between Africa and other continents.
The shareholder structure of the African Export-Import Bank in the following:
Class "A" Shareholders - African governments, African central banks, and African regional institutions.
Class "B" Shareholders - African private investors and African financial institutions.
Class "C" Shareholders - Non-African financial institutions, export credit agencies, and private investors.
Class "D" Shareholders - Other institutions and individuals.
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.
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