Afreximbank has increased its Global Facility limits for Elsewedy Electric to $ 300 mn

This boost is dedicated to supporting contracting guarantees and working capital needs, empowering Elsewedy to tackle its backlog projects across Africa.

The partnership with Elsewedy has been a journey of success, executing impactful projects in over 9 African countries. From Zambia to Tanzania, it’s been instrumental in bringing energy solutions and trade-enabling infrastructure to the continent.

The exhibition was inaugurated with the participation of the Egyptian Minister of Trade and Industry, Ahmed Samir, the former President of Nigeria, Olusegun Obasanjo, who is the Chairman of the Advisory Council for the 2023 African Intra-Trade fair, and Dr. Benedict Orama, the President of the African Export-Import Bank. 

Representatives from 57 African countries, spanning various productive and economic sectors with competitive advantages and export capabilities, are taking part in the 7-day fair.

African Intra-Trade fair aims to serve as a comprehensive platform for the business, trade, and production community at the regional level, facilitating trade deals, increasing intra-investment, promoting collaborative projects, and stimulating regional economic integration.