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The African Export Import Bank (Afreximbank) launched the "Mansa" information platform in Abuja, Nigeria on Thursday. The latter will serve as a tool for information on pan-African customers and will become a reliable and unique source of data required to perform the necessary checks on counterparties in Africa, was learned from Afreximbank at the annual meeting of this organization and held in Nigeria from July 11 to 14.
Designed by Afreximbank to be the centralized reference platform for conducting client audits across the African continent and terminate the subjective assessment of clients and clients. will eliminate the idea, often unfair, that it is risky to do business with African companies, "says Afreximbank press release.
According to the same source, the" Mansa "platform will also better know the business climate in a country and give information about related services on the continent
Dr. Benedict Oramah, President of Afreximbank said: "Our new Mansa platform is a natural extension of Afreximbank's mission to develop and diversify African commerce. Mansa will boost African trade by enabling effective customer audits while reducing operational burden and compliance costs. Sometimes a new service is beneficial to all parties and Mansa is the perfect example. "
" Afreximbank led the creation of a customer information platform. This platform will enable African financial institutions and companies to meet the expectations of customers and business partners while ensuring regulatory compliance. "
The objective of the platform, according to 'Afreximbank,' is to increase the volume of trade within Africa and Africa by limiting compliance risks, by strengthening the links between banks and companies outside Africa wishing to do business with African banks and companies, and promoting good governance, transparency and accountability. "
The platform takes its name from Mansa Musa, powerful leader of the Malian empire of Africa from the West to 14 e century, which wrote with golden letters Africa in the world history and developed the commerce in Africa making of Timbuktu the center of affa ries. Historians are unanimous in thinking that it has been behind the control of the circulation of gold between Africa and the Mediterranean countries.
It should be noted that the African Export-Import Bank (Afreximbank) is the main pan-African multilateral financial institution dedicated to financing and promoting intra and extra-African trade. The Bank was established in October 1993 by African states, institutional and private investors from the continent as well as international investors. Its two main constitutive documents are the Settlement Agreement, which confers on it the status of an international organization and the Charter governing its structure and business activities.
Since 1994, the Bank has approved approximately $ 60 billion loans granted to African companies, including $ 8.5 billion in 2017. Afreximbank recorded a total balance sheet of $ 11.9 billion as at December 31, 2017 and its financial rating is BBB + (GCR), Baa1 (Moody's), and BBB- (Fitch). The head office of the Bank is in Cairo.
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