{"id":8782,"date":"2019-08-09T22:07:59","date_gmt":"2019-08-09T20:07:59","guid":{"rendered":"https:\/\/aedic.eu\/?p=8782"},"modified":"2019-08-09T22:07:59","modified_gmt":"2019-08-09T20:07:59","slug":"bdeac-comprera-azioni-di-afreximbank","status":"publish","type":"post","link":"https:\/\/aedic.eu\/en\/business-in-africa\/bdeac-buying-shares-of-afreximbank\/","title":{"rendered":"AFRICA BDEAC will buy shares in Afreximbank"},"content":{"rendered":"<p class=\"textearticle texte\" align=\"justify\"><span lang=\"fr-FR\">(Invest in Africa) - Cameroon's Minister of Finance (Minfi), <strong>Louis Paul Motaze<\/strong>chaired the Board of Directors of the Central African States Development Bank in Congo-Brazzaville on 9 August <a href=\"https:\/\/aedic.eu\/en\/economics\/bdeac\/\"><strong>(BDEAC)<\/strong><\/a> .<\/span><\/p>\n<p class=\"textearticle texte\" align=\"justify\"><span lang=\"fr-FR\">During this meeting, we learn, the board approved BDEAC's proposed participation in the capital<strong> African Export-Import Bank (Afreximbank)<\/strong>. \"\u00a0<\/span><span lang=\"fr-FR\"><i>The Bank's participation in the capital of this continental institution is fully consistent with its 2017-2022 strategic plan, particularly in light of its new commercial financing policy in the sub-region. This acquisition of participation also responds to the cross-cooperation policy adopted by the two institutions under the Memorandum of Understanding signed on 6 March 2018<\/i><\/span><span lang=\"fr-FR\">\u00a0\"\u00a0<\/span><span lang=\"fr-FR\"><i>,<\/i><\/span><span lang=\"fr-FR\">\u00a0explains BDEAC. However, it does not specify the level of participation in Afreximbank's capital.<\/span><\/p>\n<p class=\"textearticle texte\" align=\"justify\"><span lang=\"fr-FR\">Based in Cairo and operating in Abuja, Abidjan, Harare and Kampala, Afreximbank is a supranational financial institution. As of 31 December 2017, the authorised share capital of this bank amounted to $ 5 billion (almost FCFA 3 trillion). It consists of 500,000 ordinary shares of USD 10,000 (almost FCFA 6 million) each. The condensed financial statements for the year ended 31 December 2018 show total comprehensive income of $ 285.4 million.<\/span><\/p>\n<p class=\"textearticle texte\" align=\"justify\"><span lang=\"fr-FR\"><strong>BDEAC<\/strong> e <strong>Afreximbank<\/strong> have regularly financed projects in tandem. On 11 July 2018, for example, they signed a EUR 500 million (approximately FCFA 327.5 billion) co-financing framework agreement in favour of CEMAC. This was in response to numerous requests for project funding from countries in the sub-region of Cameroon, CAR, Congo, Gabon, Equatorial Guinea and Chad.<\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>(Invest in Africa) - Cameroon's Minister of Finance (Minfi), Louis Paul Motaze, chaired the board of the Central African States Development Bank (BDEAC) in Congo-Brazzaville on 9 August. During this meeting, we learn, the board approved the proposed participation of the BDEAC ... <\/p>\n<p class=\"read-more-container\"><a title=\"AFRICA BDEAC will buy shares in Afreximbank\" class=\"read-more button\" href=\"https:\/\/aedic.eu\/en\/business-in-africa\/bdeac-buying-shares-of-afreximbank\/#more-8782\" aria-label=\"More on AFRICA BDEAC will buy shares in Afreximbank\">Read more<\/a><\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"iawp_total_views":10,"footnotes":""},"categories":[13],"tags":[60,66,87,101,145,217],"acf":[],"_links":{"self":[{"href":"https:\/\/aedic.eu\/en\/wp-json\/wp\/v2\/posts\/8782"}],"collection":[{"href":"https:\/\/aedic.eu\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/aedic.eu\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/aedic.eu\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/aedic.eu\/en\/wp-json\/wp\/v2\/comments?post=8782"}],"version-history":[{"count":0,"href":"https:\/\/aedic.eu\/en\/wp-json\/wp\/v2\/posts\/8782\/revisions"}],"wp:attachment":[{"href":"https:\/\/aedic.eu\/en\/wp-json\/wp\/v2\/media?parent=8782"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/aedic.eu\/en\/wp-json\/wp\/v2\/categories?post=8782"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/aedic.eu\/en\/wp-json\/wp\/v2\/tags?post=8782"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}