• Covid-19
  • Travel Protocols
  • Immigration & Customs Form
Saturday, February 4, 2023
SKNIS
  • Home
  • About
  • Press Releases
  • Parliament
  • In The News
  • Bills
No Result
View All Result
SKNIS
No Result
View All Result
Home Featured

ST. KITTS AND NEVIS TO BENEFIT FROM AFREXIMBANK $1.5 BILLION FUNDING FOR PARTICIPATING CARIBBEAN COUNTRIES

SKNISEditor by SKNISEditor
December 29, 2022
in Featured, Press Releases
ST. KITTS AND NEVIS TO BENEFIT FROM AFREXIMBANK $1.5 BILLION FUNDING FOR PARTICIPATING CARIBBEAN COUNTRIES

Center: Prime Minister of St. Kitts and Nevis Hon. Dr. Terrance Drew and Mr. Renee Awambeng, the Global Head of Client Relations for Afreximbank

Share on FacebookShare on Twitter

Basseterre, St. Kitts and Nevis, December 29, 2022 [Press Secretary’s Office]: The Board of Directors of the African Export-Import Bank (Afreximbank) has approved US$1.5 billion funding to enable member states of the Caribbean Community (CARICOM) that have ratified the Partnership Agreement with Afreximbank to tap into the Bank’s various financial opportunities.

Following the introduction of the Afreximbank Partnership Agreement on September 1, 2022, during the inaugural Africa-Caribbean Trade and Investment Forum (ACTIF) held in Bridgetown, Barbados, this Board approval was received from nine CARICOM member nations. The pact, which was recently ratified by Barbados and is currently undergoing ratification by the other 8 signatories, is still open for accession by the remaining 6 CARICOM members.

Related posts

POVERTY ALLEVIATION PROGRAMME PAYMENTS RESUME

POVERTY ALLEVIATION PROGRAMME PAYMENTS RESUME

February 3, 2023
GOVERNMENT CONTINUES TO REFORM AND STRENGTHEN THE ALTERNATIVE PATHWAYS LIFESTYLE PROGRAMME

Brief Opening Statement by Prime Minister The Hon. Dr Terrance M Drew
Special Interview on Matters of National Interest

Friday February 3rd, 2023

February 3, 2023

Prime Minister of St. Kitts and Nevis, Hon. Dr. Terrance Drew met Mr. Renee Awambeng, the Global Head, Client Relations for Afreximbank and other members of the organization in September 2022 and discussed various projects that will provide jobs opportunities, food security, and energy solutions for the people of St. Kitts and Nevis.

When a country accedes to the agreement, it becomes a Participating State in Afreximbank, giving it the same rights and privileges as African Participating States who have ratified the bank’s Establishment Agreement. It opens the door for Afreximbank’s operations to commence within the Caribbean.

The US$1.5 billion financing approved by the Board of Directors of Afreximbank enables CARICOM countries to access the Bank’s financing instruments through financing facilities that support various identified economic sectors including tourism, healthcare, renewable energy, shipping, mining, agriculture and agribusiness, air links, and aquaculture. Afreximbank will also work to support local financial institutions to source finance for Small and Medium Business Enterprises (SMEs).

Afreximbank is working to introduce CARICOM investors and financial institutions to opportunities in all sectors across Africa as part of its twinning initiatives and investment promotion activities. At the same time, it is exposing African investors to investment opportunities in key sectors identified in CARICOM countries.

These key sectors were identified following several Afreximbank-led business development and trade and investment promotion missions to the Caribbean.

Previous Post

CARICOM SG congratulates Haiti on its Two Hundred and Nineteenth Anniversary of Independence

Next Post

NEW ROAD FAMILY PARK TO REOPEN IN JANUARY 2023

Next Post
NEW ROAD FAMILY PARK TO REOPEN IN JANUARY 2023

NEW ROAD FAMILY PARK TO REOPEN IN JANUARY 2023

WHAT'S HOT

POVERTY ALLEVIATION PROGRAMME PAYMENTS RESUME

POVERTY ALLEVIATION PROGRAMME PAYMENTS RESUME

February 3, 2023
GOVERNMENT CONTINUES TO REFORM AND STRENGTHEN THE ALTERNATIVE PATHWAYS LIFESTYLE PROGRAMME

Brief Opening Statement by Prime Minister The Hon. Dr Terrance M Drew
Special Interview on Matters of National Interest

Friday February 3rd, 2023

February 3, 2023
CCCCC stimulates youth advocacy with Regional #BetterClimate4MyHealthCampaign

CCCCC stimulates youth advocacy with Regional #BetterClimate4MyHealthCampaign

February 3, 2023

BROWSE BY CATEGORIES

  • Bills
  • Featured
  • In The News
  • Notices
  • Parliament
  • Press Releases
  • Register of Voters
  • Uncategorized

LIKE US ON FACEBOOK

Facebook Pagelike Widget

FOLLOW US

CATEGORIES

  • Bills
  • Featured
  • In The News
  • Notices
  • Parliament
  • Press Releases
  • Register of Voters
  • Uncategorized

CONTACT US

Government Headquarters
Church Street
Basseterre, Saint Kitts and Nevis 00265
(869) 467-1416

  • Government of St. Kitts & Nevis

© 2020 St. Kitts & Nevis Information Service. Developed by E-Government Unit

No Result
View All Result
  • Home

© 2020 St. Kitts & Nevis Information Service. Developed by E-Government Unit