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Aviation sector: Afreximbank announces an aircraft leasing platform

10/02/2022
Categories: Companies

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The air sector is considered one of the logistical pillars of the African Continental Free Trade Area. In order to boost air transport, Afreximbank announces that it will soon launch an aircraft leasing platform.

This project was announced by Benedict Oramah, President of the African Import-Export Finance Bank (Afreximbank), while experts, officials and private business leaders met to reflect on how to set up a transport ecosystem that will support the African Continental Free Trade Area (AfCFTA). Afreximbank's vision goes hand in hand with ideas that emerged at a conference on the recovery of the air transport sector in Africa, organized on December 3 by the African Development Bank (AfDB), which was attended by dynamic international investment banks in Africa, such as JP Morgan, Standard Chartered Bank and Bpifrance. The Bank also says it is in discussion with African companies to reduce complexity in payments, and promote the opening of new airlines on the continent.

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