Afreximbank
Executive Vice President Denys Denya (2nd right)
in handshake with Alisher Mirsoatov, Chairman of NBU, following
the signing ceremony in Tashkent.
The
African Export-Import Bank (Afreximbank) and the National
Bank for Foreign Economic Activity (NBU) of Uzbekistan have entered
into a cooperation agreement aimed at strengthening economic
relations between African countries and Uzbekistan.
The
agreement, which was signed on 5 September on the sidelines of the
Egyptian-Uzbek Business in Tashkent, will see the two banks financing
Africa-Uzbek trade valued at up to $50 million, on a non-committal
basis, under the economic development initiatives of the Government
of Uzbekistan.
The
agreement will also have Afreximbank and NBU cooperating in the
promotion of business opportunities for Uzbek and African entities in
Uzbekistan; supporting exporters and importers in Africa and
Uzbekistan; and supporting investments by African entities in
Uzbekistan.
Denys
Denya, Executive Vice President, Finance, Administration and Banking
Services, signed the agreement on behalf of Afreximbank,
while Alisher Mirsoatov, Chairman of NBU, signed for his
institution.
Speaking
at the signing ceremony, Mr. Denya said that the agreement would make
it possible for the institutions to consult, cooperate, exchange
information and share views on areas of common interest in order to
foster business opportunities and mutual cooperation.
NBU
had invited Afreximbank to join the Egyptian delegation, led by
President Abdel Fattah El Sisi, to the Egyptian-Uzbek Business forum.
Also joining the delegation were Dr. Sahar Nasr, Minister of
Investment and International Cooperation, and Amr Nassar, Minister of
Trade and Industry, as well as a number of prominent Egyptian
businessmen.
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