R/€ = 16.05 Change: -0.02
R/$ = 14.39 Change: -0.01
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R/€ = 16.05 Change: -0.02
R/$ = 14.39 Change: -0.01
Au 1273.70 $/oz Change: 0.60
Pt 798.63 $/oz Change: -10.77
 
 
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Afreximbank Regional COO to address Supply Chain Conference 22 May

14th May 2019

The African Export-Import Bank (Afreximbank) was established in 1993, and South Africa joined the bank as a shareholder in 2017. The Bank’s SA Trade and Investment Promotion Programme (SATIPP) announced in 2018 makes available $1 billion in trade finance to South African enterprises, and is implemented in partnership with the ECIC. High level representatives of Afreximbank will for the first time address South African industry on the 22nd of May, at the SAIMM SA Mining Supply Chain Conference (www.saimm.co.za).

The South African  Institute of Mining and Metallurgy (SAIMM), and the Mandela Mining Precinct (premium sponsor), in partnership with mining supply chain clusters, will host the SA Mining Supply Chain Conference and Strategy Workshop on the 22nd and 23rd of May 2019. The event will be held alongside the Local Southern African Manufacturing Expo (21-23 May 2019) at the Johannesburg Expo Centre in Nasrec.

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With a focus on developing the local supply chain and ultimately the re-industrialisation of South Africa, organizers are excited to introduce one of their key speakers, Humphrey Nwugo of Afreximbank.

Humphrey Nwugo has extensive experience within the Financial Services Sector which spans investment banking, advisory services, trade finance, international operations and syndications. He holds an MBA from the University of Leicester in the U.K and is a member of the Chartered Management Institute (“CMI”) of the United Kingdom and an Associate Member of the Institute of Chartered Accountants of Nigeria (“ICAN”). In the past 8 years, Humphrey has been an instrumental-player in all major syndicated transactions closed by Afreximbank. He is currently the Regional Chief Operating Officer of Afreximbank, responsible for managing the banks’ operations in 13 countries in Southern Africa. During the conference, Humphrey will share Afreximbank’s case study on export finance for capital equipment and ways to stimulate the consistent expansion and diversification of African trade to increase Africa’s share of global trade.

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Afreximbank is the foremost pan-African multilateral financial institution devoted to financing and promoting intra- and extra-African trade. The Bank was established in October 1993 by African governments, African private and institutional investors, and non-African investors. Since 1994, it has approved more than $67 billion in credit facilities for African businesses, including $7.2 billion in 2018. Afreximbank had total assets of $13.4 billion as at 31 December 2018. It is rated BBB+ (GCR), Baa1 (Moody’s), and BBB- (Fitch).

Other conference presentations will focus on the new Mining Charter procurement requirements; the implementation and potential revolutionary impact of standardised product coding; practical implications of local content verification; and successful supplier development.  A panel discussion among the  mining industry, supply chain manufacturers and government will unpack current local capacity, and challenges and opportunities offered by the requirement to localise manufacture.

Workshops on the 23rd will hone in on strategies for effective development of the SA Mining Supply Chain, at all levels, and the potential role of a mining services cluster in enhancing the industry and broader supply chain. Above all, in-conference Q&A, a cocktail event on the 22nd and the workshops are all intended to foster open conversations between mines, OEMs, suppliers and service companies as a fundamental success factor to making localisation work - and work well.

Conference registration and sponsorship opportunities are available via the Events page at www.saimm.co.za.

Afreximbank was invited to the Conference on the initiative of Mining Equipment Manufacturers of South Africa (MEMSA) . 

EDITED BY: Creamer Media Reporter
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