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Afreximbank announces aim to double CANEX funding to $2 billion to boost Africa’s creative economy 

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Prof. Benedict Oramah, President and Chairman of Board of Directors, Afreximbank engages the media in Algeria on the sidelines of CANEX WKND 2024. He is accompanied by Hon. Soraya Mouloudji, Minister of Culture and Arts, Algeria Algiers, 18 October 2024 – President and Chairman of the Board of Directors of Afreximbank, Professor Benedict Oramah, has announced that Afreximbank will increase its funding to the Creative Africa Nexus (CANEX) programme from $1 billion to $2 billion for the next three years. The announcement was made during the CANEX WKND 2024 opening ceremony in Algiers, Algeria, and underscores the Bank’s dedication to Africa’s growing creative economy.   The decision to double CANEX funding arises from a marked surge in demand across Africa’s creative sectors. Since 2022, Afreximbank has seen a significant increase in opportunities within industries from film production and music to fashion manufacturing and sports. With the newly increased $2 billion fund, Afreximbank aims to fulfil these verticals’ growing needs by providing infrastructure, financing, and other resources that will help Africa’s creative industries flourish on a global scale.  Professor Oramah observed that this expansion marks a historic progression in Afreximbank’s strategy to support the creative economy – from the Bank’s initial commitment of $500 million to the sector when CANEX launched in 2020. That figure, the President noted, increased to $1 billion in 2022 to satisfy demand. This upward trend reflects Afreximbank’s profound belief in the power of African creativity to drive economic growth and generate employment.  Commenting on the funding decision, Prof. Oramah said:  “As with many things in Africa, opportunities in the African creative industries abound but remain untapped. This is why Afreximbank has adopted a proactive approach to catalysing the industry. Today, I am pleased to announce a further doubling of our creative industry finance window to 2 billion US dollars for the next three years. This will enable us to support significant infrastructure investments for film production, stadia, arenas, manufacturing facilities for fashion, and training centres.” The new funding will primarily focus on infrastructure development, which remains a key challenge in the creative sectors. Afreximbank plans to invest in film production facilities, music arenas, sports stadiums, and fashion manufacturing hubs across the continent. These projects aim to equip African creatives with the necessary tools and spaces to produce content and goods that can compete internationally.  Moreover, the fund will also support talent development. Afreximbank’s goal is to help nurture and train African creative professionals to international best-standards, ensuring they have the skills and resources to thrive.  Afreximbank also recognizes the need for innovative financing solutions tailored to the unique challenges of the creative economy. In response, the Bank is developing a $500 million private equity film fund through its impact equity arm, Fund for Export Development in Africa (FEDA). This initiative will finance film production and distribution, giving African filmmakers access to critical resources for creating content that can attract global audiences.  Another focus area for the Fund will be the fostering of collaborations between Africa and the Diaspora. The viability of this model has been demonstrated by partnerships such as that between African musicians and global artists like the Afro-Brazilian band OLODUM, which led to the production of the acclaimed “ONE Drum” EP. The expanded fund will enable more collaborations of this kind, amplifying African cultural expression and visibility on the global stage.   For more information on the fund:   Media Contact:  Mr Vincent Musumba  Manager, Communications and Events (Media Relations)  Email: press@afreximbank.com  About Afreximbank  African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution mandated to finance and promote intra-and extra-African trade. For 30 years, the Bank has been deploying innovative structures to deliver financing solutions that support the transformation of the structure of Africa’s trade, accelerating industrialization and intra-regional trade, thereby boosting economic expansion in Africa. A stalwart supporter of the African Continental Free Trade Agreement (AfCFTA), Afreximbank has launched a Pan-African Payment and Settlement System (PAPSS) that was adopted by the African Union (AU) as the payment and settlement platform to underpin the implementation of the AfCFTA. Working with the AfCFTA Secretariat and the AU, the Bank is setting up a US$10 billion Adjustment Fund to support countries to effectively participate in the AfCFTA. At the end of December 2023, Afreximbank’s total assets and guarantees stood at over US$37.3 billion, and its shareholder funds amounted to US$6.1 billion. The Bank disbursed more than US$104 billion between 2016 and 2023. Afreximbank has investment grade ratings assigned by GCR (international scale) (A), Moody’s (Baa1), Japan Credit Rating Agency (JCR) (A-) and Fitch (BBB). Afreximbank has evolved into a group entity comprising the Bank, its impact fund subsidiary called the Fund for Export Development Africa (FEDA), and its insurance management subsidiary, AfrexInsure, (together, “the Group”). The Bank is headquartered in Cairo, Egypt. 

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Cassava Republic Press named the inaugural winner of Afreximbank’s CANEX Prize for Publishing in Africa, 2024

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Algiers, 24 October 2024 – Afreximbank’s CANEX Prize for Publishing in Africa, a partnership between the CANEX Book Factory and the Narrative Landscape Press Limited announced Cassava Republic Press, Nigeria as its inaugural winner for the 2024 CANEX Prize for Publishing in Africa. The award, which celebrates excellence in African publishing, recognised Cassava Republic Press for their book Female Fear Factory: Unveiling Patriarchy’s Culture of Violence by Pumla Dineo Gqola. The book was recognised for its striking cover design, elegant layout, and reader-friendly text. It was also lauded for its imaginative approach to gender issues, offering a compelling contribution to feminist literature. Female Fear Factory explores how patriarchal society fosters violence against women, providing both a sobering account of this violence and a hopeful vision for the work of feminists worldwide. The award, which included a $20,000 prize, was presented at CANEX WKND 2024 in Algiers, Algeria, during a dinner hosted by the Honourable Soraya Mouloudji, Algeria’s Minister of Culture and Arts. The CANEX Prize for Publishing in Africa, launched in Cairo in November 2023 on the sidelines of the Intra African Trade Fair (IATF2023), aims to promote a vibrant literary culture across Global Africa and foster a sustainable business ecosystem in the literary sector. CANEX, initiated by Afreximbank in 2020, serves as a key driver for development and job creation in Africa, recognising the opportunities within the creative and cultural industries. The award evaluates entries based on the quality of writing, editing, and production, with particular emphasis on books printed and produced in Africa, as well as those published in indigenous African languages. This year, 85 entries were received from 49 publishers across Africa, representing a diverse range of languages, including English, French, Portuguese, and Swahili. From these submissions, the prize administrators selected five finalists for their exceptional work. The finalists included: The awards were presented to the finalists by Honourable Mouloudji and Mrs. Kanayo Awani, Executive Vice President of the Intra-African Trade Bank at Afreximbank. Speaking at the award ceremony, the Chair of The Judges, Dr Wale Okediran said; “In line with our mandate to ‘judge the book as a physical object while also paying attention to its editorial work, including topical relevance and editorial risk’, the judges recognised the selected books as having met the required standard of ‘exceptional work and professionalism.” The CANEX Prize for Publishing in Africa rewards the best trade book publishers in Africa. A prize of $20,000 is awarded to the publisher – selected from a shortlist of five (5) finalists – of the best trade book (defined as books published for a general audience, including fiction, non-fiction, and poetry; and excluding textbooks and academic books) published in the year in question. Additionally, the remaining four (4) finalists in the shortlist are awarded the amount of $2,000 each. Media Contact Vincent Musumba Communications and Events Manager (Media Relations) Email: press@afreximbank.com ENDS About Afreximbank African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution mandated to finance and promote intra-and extra-African trade. For 30 years, the Bank has been deploying innovative structures to deliver financing solutions that support the transformation of the structure of Africa’s trade, accelerating industrialization and intra-regional trade, thereby boosting economic expansion in Africa. A stalwart supporter of the African Continental Free Trade Agreement (AfCFTA), Afreximbank has launched a Pan-African Payment and Settlement System (PAPSS) that was adopted by the African Union (AU) as the payment and settlement platform to underpin the implementation of the AfCFTA. Working with the AfCFTA Secretariat and the AU, the Bank is setting up a US$10 billion Adjustment Fund to support countries effectively participating in the AfCFTA. At the end of December 2023, Afreximbank’s total assets and guarantees stood at over US$37.3 billion, and its shareholder funds amounted to US$6.1 billion. Afreximbank has investment grade ratings assigned by GCR (international scale) (A), Moody’s (Baa1), Japan Credit Rating Agency (JCR) (A-) and Fitch (BBB). Afreximbank has evolved into a group entity comprising the Bank, its impact fund subsidiary called the Fund for Export Development Africa (FEDA), and its insurance management subsidiary, AfrexInsure (together, “the Group”). The Bank is headquartered in Cairo, Egypt. For more information, visit: www.afreximbank.com Follow us on Twitter |Facebook | LinkedIn |   About Narrative Landscape Narrative Landscape Press, founded in 2016 by Anwuli Ojogwu and Eghosa Imasuen, is dedicated to distilling the essence of the publishing process and providing comprehensive services to other publishing houses and self-publishing authors within Nigeria. Their mission is to own the means of production, encompassing not just the printing of physical books, but also editorial and book design expertise. They strive to develop a cadre of excellent writers and have successfully ventured into traditional publishing, with notable acquisitions such as the works of Chimamanda Ngozi Adichie. Their vision is to continue expanding their reach and impact within the literary community on the African continent.

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Angel investors commit US$350,000 to creative entrepreneurs at Afreximbank’s CANEX pitch session

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Mrs. Kanayo Awani, Executive Vice President, Intra Africa Trade and Export Development, Afreximbank (3rd left), Stephen Tio Kauma, Group MD Human Resources, Afreximbank (2nd left), Ody Akhanoba, Senior Manager Export Development, Afreximbank (left), together with the top three creative entrepreneurs who presented their pitches to the Angel Investors Algiers, 25 October 2024: – African Export – Import Bank’s (Afreximbank) Angel investors participating in a pitch session at the just-concluded CANEX WKND 2024 in Algiers have committed a total of US$350,000 in investment into the three best pitches presented at the competition. The pitch session, dubbed “CANEX Presents the Angels”, featured 12 creative entrepreneurs from 10 African countries who were selected to present their businesses for review with a view to raising capital for growth and expansion. Moji Hunponu-Wusu, Founder of Woodhall Capital, made the leading commitment of US$250,000 in equity by issuing an investment term sheet to Cameroonian fashion designer Kibonen Nfi, the founder of the Kibonen brand. An additional commitment of US$100,000 was made by a consortium of three angel investors: Ibrahim Sagna, Chairman of Silverbacks Holdings, Moji Hunponu-Wusu, and Efe Ukala, Founder of ImpactHER. They jointly agreed to invest in the top three pitches of the competition. With that arrangement, the equity commitment will go to Zimbabwean Pam Samasuwo-Nyawiri of Vanhu Vamwe, whose pitch earned the top spot, Ms. Nfi, whose pitch was second, and another Zimbabwean, Thulani Ngazimbi of The Rad Black Kids, who had the third best pitch. Commenting on the pitch session, Kanayo Awani, Executive Vice President, Intra-African Trade and Export Development Bank, Afreximbank, said that the competition was aimed at catalysing financing to complement the capacity building and market access support that the CANEX platform provides African creatives. “Facilitating access to angel investment like this complements our existing efforts by providing the capital required for creative entrepreneurs to maximize the benefits of our capacity building and market access interventions,” said Mrs. Awani, adding, “The investments into the creative enterprises will enable them to expand their businesses, trade across borders, create new jobs and contribute to economic development.” The four-day CANEX WKND 2024 ran from 16 to 19 October and was held under the theme “One People, United in Culture, Creating for the World”. It was attended by almost 4,000 delegates representing a diversity of creative sectors from across Africa and featured live performances, speeches by industry leaders and experts, masterclass sessions, fashion shows, sporting events, high energy music concerts and gastronomical showcases alongside a vibrant market and exhibition. ENDS About Afreximbank African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution mandated to finance and promote intra-and extra-African trade. For 30 years, the Bank has been deploying innovative structures to deliver financing solutions that support the transformation of the structure of Africa’s trade, accelerating industrialization and intra-regional trade, thereby boosting economic expansion in Africa. A stalwart supporter of the African Continental Free Trade Agreement (AfCFTA), Afreximbank has launched a Pan-African Payment and Settlement System (PAPSS) that was adopted by the African Union (AU) as the payment and settlement platform to underpin the implementation of the AfCFTA. Working with the AfCFTA Secretariat and the AU, the Bank is setting up a US$10 billion Adjustment Fund to support countries effectively participating in the AfCFTA. At the end of December 2023, Afreximbank’s total assets and guarantees stood at over US$37.3 billion, and its shareholder funds amounted to US$6.1 billion. Afreximbank has investment grade ratings assigned by GCR (international scale) (A), Moody’s (Baa1), Japan Credit Rating Agency (JCR) (A-) and Fitch (BBB). Afreximbank has evolved into a group entity comprising the Bank, its impact fund subsidiary called the Fund for Export Development Africa (FEDA), and its insurance management subsidiary, AfrexInsure (together, “the Group”). The Bank is headquartered in Cairo, Egypt.

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CANEX WKND 2024 concludes in Algiers with over US $540 million in deals committed

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Left-Right: Mr. Temwa Gondwe, Senior Manager, Intra African Trade Bank, Afreximbank, Mr. Ismail Inezarene, Director of Cultural and Artistic Promotion, Algeria, Mrs Kanayo Awani, Executive Vice President Intra African Trade and Export Development, Afreximbank, Mr. Nassim Mohan Amer, Director of International Cooperation, Algeria and Mrs. Anne Ezeh, Director Communications and Events, Afreximbank Algiers, 28 October 2024 – The second edition of the Creative Africa Nexus Weekend (CANEX WKND 2024) has drawn to a close in Algiers, Algeria. The vibrant, four-day event convened 108 Exhibitors, 11 Masterclasses and close to 4,000 attendees from across 81 countries in Africa, the Caribbean and the diaspora – featuring creatives, industry leaders, and policymakers. Participants enjoyed a rich and varied programme of activities, which included live performances, masterclasses, panel discussions, and showcases across sectors such as fashion, music, sports, film, visual arts, and gastronomy. As this year’s edition closes, focus now shifts to the 4th edition of the Intra-African Trade Fair (IATF) to be held from 4-10 September 2025, in Algiers and expected to attract some 35,000 participants from around the world, offering a new backdrop for the continued expansion and celebration of Africa’s creative industries. In her closing statement, Executive Vice President for Intra-African Trade and Export Development, Afreximbank, Mrs Kanayo Awani, said: “We commend the Government of the People’s Democratic Republic of Algeria for their commitment to making CANEX WKND 2024 a success. Local participation has been exceptional, setting an exciting stage for IATF 2025 in Algiers. CANEX WKND’s mission has always been to highlight the vast market opportunities within Africa’s creative industry and to nurture their economic potential. We are grateful for the partnerships and deals formed here, and we look forward to continuing this work of exposing our different creative prowess across Africa and the world.” Among CANEX WKND 2024’s most significant outcomes were deals totaling USD $540 million that were facilitated and agreed. Key among these was a EUR 245 million global facility agreement with New World Television (NWTV) to part-finance the network’s acquisition of media licensing rights for sports broadcasting across 24 African countries. In addition, Afreximbank announced $3 million facility with Mediwood Studios, designed to support the company’s efforts to expand the Tunisian film industry, further positioning the country as a hub for creative production. These deals reflect Afreximbank’s steadfast commitment to investing in Africa’s creative industries, key drivers of economic growth and employment on the continent, particularly for women and young people. Reflecting on the outcomes of the event during the event wrap up press conference, Mr. Nassim Mohan Amer, Director of International Cooperation, Algeria, noted that CANEX presented a wonderful opportunity for African creators and innovators as it exposes them to the continent beyond their national borders and further accelerates the vision for AfCFTA’ s intra African trade agenda. He continued that Algeria, having hosted the CANEX WKND 2024 will have learnt a lot as it prepares to host the 4th edition of the IATF 2025, expecting to eclipse expectations and enhance Algeria – Africa trade. Mr. Ismail Inezarene, Director of Cultural and Artistic Promotion, Algeria, also commended Afreximbank’s partnership with Algeria terming it as a collaboration ‘suited to the needs of the future of Africa – the youth’. Whilst highlighting a remarkable 81 countries that were represented at the event, Mr. Inezarene reassured IATF 2025 attendees and the Algerian public of a more concise collaboration and a seamless participation. Throughout this year’s CANEX WKND, participants engaged in wide-ranging discussions and collaborations on pivotal topics — from intellectual property rights and market access to the need for policy and regulatory reforms that accelerate the growth of Africa’s creative sectors. The event also provided a platform for capacity building through technical programmes and networking opportunities, enabling African creatives to access new global markets and leverage new partnerships. For the first time, CANEX Weekend also featured a Ministerial Roundtable, where Ministers from Africa and the Caribbean supported by African Union Commission, African Continental Free Trade Area (AfCFTA) Secretariat addressed the opportunities and challenges facing Global Africa’s cultural and creative industries (CCIs). Keynotes by the Africa Union Commission’s Amb. Minata Samate Cessouma, and H.E. Wamkele Mene, the Secretary General of the AfCFTA Secretariat, as well as Afreximbank’s Mrs. Kanayo Awani and other leaders underscored the economic and cultural value of CCIs, particularly for African and Caribbean youth. The roundtable advanced CANEX strategies to mobilize financing, enhance CCI growth, and foster policy-stakeholder collaboration for implementing the AU Plan of Action on CCIs. CANEX WKND 2024 also showcased key initiatives, including the CANEX Prize for Publishing in Africa, awarded to Cassava Republic Press for Female Fear Factory by Pumla Dineo Gqola. Praised for its impactful cover, elegant layout, and feminist insights, the book powerfully examines patriarchal violence and offers a hopeful feminist perspective. CANEX Shorts, a film competition for young African and Diaspora filmmakers, honoured three winners: Francis Y. Brown from Ghana for Room – 5, Brian Obra from Kenya for We Shall Not Forget, and Thomas Mpoeleng from Botswana for Silent Screams. Selected from 147 entries, each winner received a cash prize. In a “CANEX Presents the Angels” pitch session, angel investors committed $350,000 to support three creative businesses. Leading investor Moji Hunponu-Wusu pledged $250,000 to Cameroonian designer Kibonen Nfi, with an additional $100,000 from a consortium investing in pitches from Zimbabwean Pam Samasuwo-Nyawiri and Thulani Ngazimbi, as well as Kibonen Nfi. For more information on the concluded CANEX event: Media Contact: Mr Vincent Musumba Manager, Communications and Events (Media Relations) Email: press@afreximbank.com About Afreximbank African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution mandated to finance and promote intra-and extra-African trade. For 30 years, the Bank has been deploying innovative structures to deliver financing solutions that support the transformation of the structure of Africa’s trade, accelerating industrialization and intra-regional trade, thereby boosting economic expansion in Africa. A stalwart supporter of the African Continental Free Trade Agreement (AfCFTA), Afreximbank has launched a Pan-African Payment and Settlement System (PAPSS) that was adopted by the African Union (AU) as the payment and settlement platform to underpin the implementation of the AfCFTA. Working with

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Submit Your Proposal Now: Unlock Funding at CANEX Deal Room

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GENERAL INFORMATION Given the relevance and opportunities provided by the creative economy as a key driver for development and job creation, Afreximbank has deployed the Creative Africa Nexus Programme to facilitate the development and growth of the creative and cultural industries in Africa and the diaspora. The programme provides a range of financing and non-financing interventions to support Africa’s production, trade and investment in creative assets and development of the broader ecosystem. In light of this, as part of the CANEX WKND, Afreximbank will be hosting a ‘CANEX Deal Room’, where entrepreneurs will be given the opportunity to present bankable projects/ opportunities in the Creative and Cultural Industries to financiers and investors.Afreximbank and sister financial institutions in attendance will consider both Debt and Equity for transactions that fall under the following segments: GENERAL ELIGIBILITY ELIGIBILITY REQUIREMENTS BY SECTOR:FILM AND TELEVISION INFRASTRUCTURE MUSIC FASHION FRANCHISING MEETING AND REVIEW PROCESSThe points below detail the expectations and proceedings of each meeting: Creative Africa NexusEmail: info@creativeafricanexus.com Copied to: Name: Khanyi MashimbyeEmail: kmashimbye@afreximbank.comName: Frederick SeiduEmail: fseidu@afreximbank.com Name: Victor MuketeEmail: vmukete@afreximbank.com Proposals must be received not later than the deadline. Any clarification requests should be submitted to the above-mentioned email address. Late submissions will be disqualified.

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Casino

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Pokerdom

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Регистрируйся на Покердом и играй в покер прямо сейчас Просто зарегистрируйся на Покердом и играй в покер Запускай свою игру уже сегодня! Присоединяйся к Покердом и получай доступ к множеству турниров и кэш-игр с реальными соперниками. Не упусти шанс воспользоваться щедрыми бонусами для новых игроков. Каждый зарегистрировавшийся получает бонус на первый депозит, который увеличивает твой банкролл и позволяет играть дольше! Покердом предлагает высокую скорость игры и удобное мобильное приложение, чтобы ты мог наслаждаться покером в любом месте и в любое время. Также в Покердом проводятся регулярные промо-акции и специальные события, которые делают каждый день уникальным. Подключайся к сообществу игроков, обменяйся опытом и стратегии на нашем форуме. Не откладывай на потом – стань частью динамичного мира онлайн-покера сейчас! Регистрируйся и открывай для себя увлекательный мир Покердом! Как создать аккаунт на Покердом за несколько минут Перейди на сайт Покердом и нажми кнопку “Регистрация”. Это приведет тебя на страницу создания аккаунта. Заполни необходимые поля: укажи адрес электронной почты, придумай надежный пароль и поставь галочку для подтверждения возраста. После этого выбери бонус, который ты хочешь получить. Обязательно ознакомься с условиями, чтобы воспользоваться покердом бонусами. Заверши регистрацию, следуя инструкциям, отправленным на твою почту для подтверждения аккаунта. Обычно это занимает всего пару минут. Как только ты подтвердил почту, можешь авторизоваться и сразу приступить к игре. Желаем удачи за столами! Топ-5 советов для первых игр на Покердом Определи бюджет для игры и не превышай его. Установи лимит на сумму, которую готов потратить, и строго следуй этому правилу. Это поможет избежать лишних затрат и позволит наслаждаться игрой без финансового стресса. Выбирай подходящий лимит стола. Начни с низких лимитов, чтобы привыкнуть к темпу игры и правилам. Это даст возможность развивать навыки и уверенность, минуя резкие потери. Изучай правила и стратегии покера. Используй доступные ресурсы и видеоуроки, чтобы понять основы игры и наиболее распространённые стратегии. Знание теории поможет быстрее адаптироваться за столом. Играя, обрати внимание на оппонентов. Следи за стилями игры других участников, анализируй их действия. Это поможет распознать паттерны и использовать их в свою пользу. Не бойся использовать функцию «пауза». Если чувствуешь, что нервы начинают сдавливать или фокус теряется, возьми небольшой перерыв. Это позволит восстановить концентрацию и принять более взвешенные решения. Специальные предложения и бонусы для новых игроков Начни свою игру с приветственного бонуса до 20 000 рублей. Просто зарегистрируйся и сделай первый depósito, чтобы получить дополнительные средства для ставок. Участвуй в бездепозитном турнире, где ты можешь выиграть реальные призы без вложений. Проверь расписание турниров на сайте и не упусти шанс заявить о себе! Каждый новый игрок получает фрибет на первую ставку. Используй его, чтобы испытать свои силы без риска для бюджета. Получай кэшбэк на все проигрыши в первые 7 дней. Это отличная возможность вернуться в игру, даже если удача временно отвернулась. Стань частью программы лояльности. За каждую игру накапливай баллы и обменивай их на денежные призы и бонусы. Чем активнее играешь, тем больше получаешь! Просматривай специальные акции на странице сайта. Регулярные предложения могут стать отличным подспорьем для твоей игры.