{"id":324562,"date":"2022-02-07T15:42:57","date_gmt":"2022-02-07T15:42:57","guid":{"rendered":"https:\/\/egy-africa.com\/en\/?p=324562"},"modified":"2022-02-07T15:42:57","modified_gmt":"2022-02-07T15:42:57","slug":"banque-misr-invests-80-5m-in-afreximbanks-capital-increase","status":"publish","type":"post","link":"https:\/\/egy-africa.com\/en\/2022\/02\/07\/banque-misr-invests-80-5m-in-afreximbanks-capital-increase\/","title":{"rendered":"Banque Misr invests $80.5m in Afreximbank’s capital increase"},"content":{"rendered":"

Banque Misr has invested $201.1 million in\u00a0African Export-Import Bank (Afreximbank), of which\u00a0$80.5 million is a paid-in amount\u00a0in Afreximbank\u2019s capital increase.<\/p>\n

<\/div>\n

This investment has enabled Banque Misr to become the largest\u00a0non-sovereign shareholder of Afreximbank, raising its stake in\u00a0Afreximbank to 5.8% from 3.1% according to a press release on Monday.<\/p>\n

In July 2021, Afreximbank announced a capital raise\u00a0to tackle the coronavirus (COVID-19) pandemic challenges and enhance medium-to-long term sustainable trade and economic development in Africa.<\/p>\n

The\u00a0Chairman of Banque Misr, Mohamed Eletreby,<\/strong>\u00a0said:\u00a0“We aim to continue supporting the bank in its vital mandate of serving the African continent.”<\/em><\/p>\n

Meanwhile, the\u00a0President and Chairman of Afreximbank,\u00a0Benedict Oramah,<\/strong>\u00a0said:\u00a0“With this investment, Banque Misr has further strengthened its relationship with the Bank, resulting in greater collaboration at the strategic and business levels.”<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Banque Misr has invested $201.1 million in\u00a0African Export-Import Bank (Afreximbank), of which\u00a0$80.5 million is a paid-in amount\u00a0in Afreximbank\u2019s capital increase.<\/p>\n","protected":false},"author":4,"featured_media":324563,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22,33],"tags":[],"class_list":["post-324562","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","category-main"],"yoast_head":"\nBanque Misr invests $80.5m in Afreximbank's capital increase - egy-africa<\/title>\n<meta name=\"description\" content=\"Banque Misr has invested $201.1 million in African Export-Import Bank (Afreximbank), of which $80.5 million is a paid-in amount in Afreximbank\u2019s capital increase.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/egy-africa.com\/en\/2022\/02\/07\/banque-misr-invests-80-5m-in-afreximbanks-capital-increase\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Banque Misr invests $80.5m in Afreximbank's capital increase - egy-africa\" \/>\n<meta property=\"og:description\" content=\"Banque Misr has invested $201.1 million in African Export-Import Bank (Afreximbank), of which $80.5 million is a paid-in amount in Afreximbank\u2019s capital increase.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/egy-africa.com\/en\/2022\/02\/07\/banque-misr-invests-80-5m-in-afreximbanks-capital-increase\/\" \/>\n<meta property=\"og:site_name\" content=\"egy-africa\" \/>\n<meta property=\"article:published_time\" content=\"2022-02-07T15:42:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2022\/02\/1024.jpg?fit=750%2C430&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"430\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Aya Abdulghany\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Aya Abdulghany\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/egy-africa.com\/en\/2022\/02\/07\/banque-misr-invests-80-5m-in-afreximbanks-capital-increase\/\",\"url\":\"https:\/\/egy-africa.com\/en\/2022\/02\/07\/banque-misr-invests-80-5m-in-afreximbanks-capital-increase\/\",\"name\":\"Banque Misr invests $80.5m in Afreximbank's capital increase - 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