Afrexim Bank to open East Africa branch in October

The African Export-Import Bank will open its first East African branch in Kampala, Uganda. FILE PHOTO | NMG

The African Export-Import Bank has signed a deal with Uganda, which will see the pan-continental investment lender open its East African branch office in Kampala.

The deal was signed by President Yoweri Museveni and Benedict Oramah, Afrexim’s president. The branch in Kampala will be the bank’s fifth after Cairo, Abuja, Abidjan and Harare.The