For the second year in a row, African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has emerged as a double winner at the African Banker Awards, winning both the ‘Bank of the Year’ and ‘Deal of the Year (Infrastructure)’ awards. This prestigious recognition was announced at the awards gala ceremony held in Nairobi and attended by over 300 of the continent’s leading figures in banking and finance. 

The award organisers highlighted Afreximbank’s exceptional performance across various metrics, key among them, “considerably changing the banking landscape by reaching out to new customers, offering new services, adopting inclusiveness by bringing the unbanked into the banking space, making use of new technologies, and helping to drive growth through a stronger financial sector.”  

The Bank of the Year award reflects Afreximbank’s outstanding financial performance, as the Group’s results for the financial year ending 31 December 2023 showed remarkable strength and resilience, surpassing the previous year’s performance.

In the Deal of the Year – Infrastructure category, Afreximbank was honored for its USD 155 million investment in Great Horn Investments Holding (GHIH). This funding supports a series of development projects in Djibouti’s Damerjog Industrial Development Free Trade Zone. The deal was announced last year following a meeting between Afreximbank President Prof. Benedict Oramah and President of Djibouti Omar Guelleh, during the 2023 Summit of Heads of State of the African Union that was also held in Nairobi.

Speaking during the award ceremony, Prof. Benedict Oramah, President and Chairman of Board of Directors, Afreximbank noted: “We are extremely delighted to win both the Bank of the Year and The Deal of the Year for Infrastructure as these awards underscore our expertise in development financing. I accept these awards on behalf of the hardworking staff of Afreximbank, our customers and partners, and also the Alliance for African Multilateral Financial Institutions who work tirelessly to make the change that Africa needs. Many of our members have excelled in tonight’s ceremony and this demonstrates the magnitude of their continual contribution towards meeting the development needs of our great continent — including infrastructure, trade, SME lending among others.”

The Deal of the Year – Infrastructure award is particularly significant for Afreximbank as it marks the Bank’s first collaboration with GHIH and the government of Djibouti. This partnership aims to help Djibouti achieve its goal of becoming a regional trans-shipment and logistics hub. This project will greatly promote intra-African trade, given Djibouti’s strategic location in the horn of Africa and support neighbouring economies such as Ethiopia and Somalia through access to freight services.

The facility is critical to Djibouti’s economic development as the funds will be used for the completion of the Damerjog Oil Jetty, expected to provide marine connectivity to the free trade zone, and for the construction of a 150,000m³ first storage depot/oil tank farm, as well as for other costs related to the projects. This will greatly help develop Djibouti’s infrastructure and its vision of becoming a ‘regional transport hub’ by 2035.

Now in its 18th edition, the African Banker Awards celebrate the achievements of individuals and institutions that have contributed significantly to the growth and development of Africa’s Banking sector over the past year.

Distributed by APO Group on behalf of Afreximbank.

Media Contact:
Vincent Musumba
Manager
Communications and Events (Media Relations)
Email: press@afreximbank.com
Tel: +20 2 24564100 /1/2/3

About Afreximbank:
African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution mandated to finance and promote intra-and extra-African trade. For 30 years, the Bank has been deploying innovative structures to deliver financing solutions that support the transformation of the structure of Africa’s trade, accelerating industrialization and intra-regional trade, thereby boosting economic expansion in Africa. A stalwart supporter of the African Continental Free Trade Agreement (AfCFTA), Afreximbank has launched a Pan-African Payment and Settlement System (PAPSS) that was adopted by the African Union (AU) as the payment and settlement platform to underpin the implementation of the AfCFTA. Working with the AfCFTA Secretariat and the AU, the Bank is setting up a US$10 billion Adjustment Fund to support countries effectively participating in the AfCFTA. At the end of December 2023, Afreximbank’s total assets and guarantees stood at over US$37.3 billion, and its shareholder funds amounted to US$6.1 billion. Afreximbank has investment grade ratings assigned by GCR (international scale) (A), Moody’s (Baa1), Japan Credit Rating Agency (JCR) (A-) and Fitch (BBB). Afreximbank has evolved into a group entity comprising the Bank, its impact fund subsidiary called the Fund for Export Development Africa (FEDA), and its insurance management subsidiary, AfrexInsure (together, “the Group”). The Bank is headquartered in Cairo, Egypt.

For more information, visit: www.Afreximbank.com

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UCOPIA by Weblib, a leader in Wi-Fi connectivity solutions and customer experience management, is proud to announce its participation in the inaugural edition of GITEX Africa 2024 (www.GITEXAfrica.com), which will take place from May 29 to 31, 2024, in Marrakech, Morocco.

GITEX Africa, an extension of the renowned global tech event GITEX Global from Dubai, is a must-attend event for key players in technological innovation across Africa and beyond. This exhibition brings together global tech leaders, innovative startups, investors, and decision-makers to explore emerging trends and growth opportunities in the sector.

UCOPIA by Weblib, recognized for its advanced solutions in connectivity and user experience management, seizes this opportunity to showcase its latest innovations. At the core of its offerings are intelligent Wi-Fi solutions that enable businesses across all sectors to transform their connectivity into real value for their customers.

Cutting-Edge Connectivity Solutions for African Businesses

UCOPIA by Weblib will highlight its flagship products as well as its key advantages:

Secure and customizable solutions allowing businesses to provide high-quality Wi-Fi connections to their customers while collecting valuable data to enhance the user experience.
Powerful tools to analyze and optimize the customer journey using insights based on data collected via Wi-Fi networks.
Solutions ensuring compliance with local and international regulations, thus guaranteeing secure and responsible use of Wi-Fi networks.
Stable and high-performance solutions capable of efficiently managing high-density environments with hundreds, if not thousands, of simultaneous Wi-Fi connections.

A Strategic Presence for Expansion in Africa

Participation in GITEX Africa 2024 marks an important milestone in UCOPIA by Weblib’s expansion strategy in Africa. With a rapidly growing market and an increasing demand for advanced technological solutions, the African continent represents a significant opportunity for the company.

“We are delighted to participate in GITEX Africa 2024 and to have the opportunity to demonstrate how our solutions can transform the connectivity experience for businesses in Africa,” said Antoine Villatte, Channel Manager for the Southern France and Francophone Africa region at UCOPIA by Weblib. “Our presence at this exhibition underscores our commitment to supporting innovation and technological development on the African continent.”

Meet UCOPIA by Weblib at GITEX Africa 2024

UCOPIA by Weblib invites all GITEX Africa participants to visit their stand, shared with their partner SCOMM, to discover their connectivity solutions and discuss collaboration opportunities. Live demonstrations and networking sessions will be organized to provide visitors with an immersive and informative experience.

Distributed by APO Group on behalf of GITEX Africa.

Azentio Software (“Azentio“) (https://apo-opa.co/454Mz8j) – a leading end-to-end software company specializing in the BFSI sector – today announces the appointment of Rahul Arora as its new Chief Sales Officer. This move further strengthens Azentio’s leadership team as Arora spearheads sales expansion and growth in alignment with the company’s vision.

Speaking on his new role, Arora said, “I am excited to be joining the team at Azentio as Chief Sales Officer as they drive the future of transforming businesses through technology in the BFSI sector. I look forward to leveraging my experience and working alongside our talented sales team to grow revenues and continue to expand our market presence. I am confident in the outstanding business value Azentio’s products can deliver to our customers and am committed to building deep customer engagements and building for future growth.”

Sanjay Singh, Chief Executive Officer of Azentio, commented, “I am delighted to welcome Rahul to Azentio as our Chief Sales Officer. His expertise and background in managing and growing sales functions globally coupled with his in-depth knowledge of our key markets make him an ideal fit for this role. I see Arora’s extensive experience in new business development, crafting customer relationships, and dedication to execution as playing a pivotal role in the future growth of Azentio.”

With over 25 years of experience in the IT industry, Arora has championed several key customer initiatives as well as built the go-to-market strategies needed for targeting industry specific business opportunities. In his previous role at Trellix (McAfee Enterprise + FireEye) as their first Managing Director for South Asia, he was instrumental in building exceptional pipeline growth, ensuring solid sales execution, and driving customer relationships to achieve sustainable growth.

Distributed by APO Group on behalf of Azentio Software Private Limited.

About Azentio Software:
Azentio Software, incorporated in 2020 at Singapore, has been carved out of 3i Infotech, Candela Labs, Beyontec Technologies and Path Solutions. Azentio Software provides mission critical, vertical-specific software products for customers in banking, financial services and insurance verticals. Azentio has over 800 customers in more than 60 countries, with a team of over 2,300 employees across offices in 12 countries (and growing) globally and is wholly owned by Funds advised by Apax Partners.

HUBX, LLC, the first anonymous B2B marketplace in Africa, the Middle East and globally, proudly announces its participation in GITEX Africa 2024 (www.GITEXAfrica.com), one of the continent’s largest technology trade shows, which will be held from May 29 to 31, 2024, in Marrakech, Morocco.

“We are thrilled to announce our participation in GITEX Africa 2024,” exclaimed Vlad Galkin, Co-Founder of HUBX, LLC. “With HUBX’s online marketplace generating sales in over 110 countries, GITEX Africa provides us a unique opportunity to showcase our dynamic marketplace and diverse product offering to a global audience, while also offering us a chance to meet with our valued business partners, suppliers, and customers.”

We invite GITEX Africa participants to visit us at Stand 6E-3 in Hall 5 to discover how HUBX can help businesses meet their technology needs. Seasoned experts from HUBX will be available to provide insights and solutions to help our business partners thrive in the digital age.

Distributed by APO Group on behalf of GITEX Africa.

For media enquiries please contact:
jaime@hubx.com

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About HUBX, LLC:
HUBX is the first anonymous B2B global marketplace platform for the secondary distribution of laptops, computers, mobile devices, gaming products, audio products, and related consumer electronics industry by empowering manufacturers, brands, and distributors to sell anonymously to qualified worldwide buyers worldwide. Co-Founded by Vlad Galkin and Derek Wall, the Company aims to improve the fragmented and costly secondary distribution industry that has left manufacturers without a distribution channel for their excess, end of life or factory refurbished inventory. HUBX is designed to act as a formal secondary distribution channel, providing vendors’ cutting-edge marketplace technology to enhance and grow their business while offering global buyers access to an exclusive collection of products below customary wholesale prices. Learn more at www.HUBX.com.