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Home Africa

Afreximbank and partners launch US$1.5B collaborative COVID-19 response facility

Mark-Anthony Johnson by Mark-Anthony Johnson
November 9, 2020
in Africa, Coronavirus, DFI, Economy, FA, Finance, Health
Reading Time: 1 min read
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The African Export-Import Bank (Afreximbank), the pan-African multilateral EXIM bank, partners with the International Islamic Trade Finance Corporation (ITFC), the trade finance arm of the Islamic Development Bank (IsDB) Group; and the Arab Bank For Economic Development in Africa (BADEA), to launch a US$1.5B collaborative COVID-19 Pandemic Response Facility (“COPREFA”) to support African economies with rapid financial assistance to reduce the impact of COVID-19.

COPREFA will be accessed by eligible central banks, commercial banks and businesses to finance the import of medical supplies, as well as agricultural equipment and fertilizers essential for addressing the pressing food production deficit.

COPREFA is also designed to support African economies to overcome a myriad of challenges, including commodity price shocks, a significant drop in tourism, and disruption to supply chains and export manufacturing.

https://lnkd.in/e36G_Hw

Also read: Afreximbank earmarks up to US$5B for COVID-19 vaccines for Africa: CDC head

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Tags: AfreximbankAfreximbank and partners launch US$1.5B collaborative COVID-19 response facilityafricaArab Bank For Economic Development in AfricaCOPREFAcoronavirusCovid-19Covid-19 Rapid Response FacilityDevelopment Finance InstitutionsDFIFeatureFinanceInternational Islamic Trade Finance CorporationIslamic Development BankMark-Anthony Johnsonафрикаأفريقياアフリカ非洲
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Mark-Anthony Johnson

Mark-Anthony Johnson

MARK-ANTHONY JOHNSON is the founder and CEO of JIC Holdings, an innovative private holding company established in 2009 which he has built into an international asset and investment management company with offices, associates and investments around the globe. This followed the success of the JIC Group which he founded in 1985. He was educated in the UK at Mill Hill School and then achieved a BA (Hons) in Business and International Finance at University of Westminster. Mark-Anthony’s vision has long been towards emerging and frontier markets with particular emphasis on Africa, Latin America and the Caribbean and his philosophy can be summed up in the phrase “knowledge is power”. Mark-Anthony is also enthusiastic about the latest communication tools, which he uses intensively to keep in touch with up to the minute data. With a deep-rooted connection to the African continent, Mark-Anthony has been passionate about developments in Africa for over 30 years. He has worldwide interests in mining, infrastructure, power, electricity, shipping, commodities, agriculture and fisheries and is currently looking to develop farms across Africa. Mark-Anthony has a vision for a future Africa as the breadbasket of the world. For many years Mark-Anthony has been active on the ground in Africa through his charitable foundation, the Johnson Foundation. Created in 1989, it first provided assistance to people in his ancestral home country, Sierra Leone, even before the civil war. Once the war started, his aid was even more necessary and became focussed on Mark-Anthony’s major concerns for Africa -education, clean water and medical assistance. Over the years, the Foundation’s work has been extended into many parts of Sub-Saharan Africa and has been instrumental in setting up new clinics and rehabilitating villages, schools, places of worship, water facilities etc.

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