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Kenyan to head Afrexim new fund
From left: African Export-Import Bank (Afreximbank) equity mobilisation manager Mhamed Laraqui, Commercial Bank of Africa, Capital Limited CEO Kathure Nyamu and Afreximbank executive vice president George Elombi during a past event. PHOTO | SALATON NJAU
The African Export Import Bank (Afreximbank) has tapped Kenyan banker Philip Kamau to head its newly created Fund for Export Development in Africa (Feda).
The fund set up with an initial $100-million (about Sh10 billion) will seek “to leverage the role the Cairo-based Afreximbank has played in mobilising trade finance into Africa” to mobilise foreign direct investment (FDI) into the continent. Feda will be headquartered in Mauritius.
