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Afreximbank Unveils $3m COVID-19 Grant for African Countries

Afreximbank Unveils $3m COVID-19 Grant for African Countries

Economy
The African Export-Import Bank (Afreximbank) has announced a $3 million grant to complement efforts to combat the COVID-19 pandemic across African countries. Afreximbank President, Prof. Benedict Oramah, who made the announcement in Cairo, recently, said the fund was in response to a request by African heads of state, through the auspices of the African Union Chair Person, Cyril Ramaphosa, President of South Africa, for the mobilisation of resources to address the pandemic. He said a significant proportion of the grant would go to the COVID-19 Special Fund set up by the African Union (AU) as well as to the African Center for Disease Control (Africa CDC). Oramah said: “We hope that our modest contribution will help to address some of the immediate needs. We encourage other African...