The Dangote Group has become the latest corporate organisation to join the African Export-Import Bank as a class B shareholder.

The Group, according to information released by Afreximbank and made available to our correspondent, completed the process of acquiring equity in the bank on May 30 this year with a “substantial investment.”

Afreximbank is an international financial institution, headquartered in Cairo, Egypt, whose primary objective is to promote and finance trade within the African continent and trade between Africa and other continents.

Welcoming the investment of Dangote Group, President of Afreximbank, Dr. Benedict Oramah, stated that it was “a strong vote of confidence in the bank by, arguably, the largest indigenous corporate organisation in Africa.”

“The massive investment the Dangote Group is making across Africa makes it a partner of choice in the delivery of our intra-African trade strategy. Working with the Dangote Group, we will build supply chain financing across Africa that could reach $1bn in the short term, promoting intra-regional trade and growth of short and medium enterprises, and creating much needed jobs,” Oramah said.

The President, Dangote Group, Aliko Dangote, said, “I consider Afreximbank as a good vehicle for fostering regional integration in Africa, which aligns with our vision and mission for growth and development across the continent.”

Afreximbank has four classes of shareholders divided into A, B, C and D, which are made up of a mix of African governments, central banks, regional and sub-regional institutions, private investors, African and non-African financial institutions, export credit agencies and non-African private investors.

Class “A” shareholders are African states, central banks and public institutions, including the African Development Bank; while Class “B” is made up of the continent’s financial institutions and private investors.

Class “C” shares are held by non-African investors, mostly international banks and export credit agencies, including Standard Chartered Bank, HSBC, Citibank, China Exim Bank and Exim India. Class “D” shares, a tier approved in December 2012, are fully paid par value shares that can be held by any investor.

Oramah described Dangote as an enigma who was assiduously working towards the unification, growth and development of the African continent.
Source: http://www.punchng.com/dangote-acquires-shares-afreximbank-2/
Cc: lalasticlala

Wetin remain na make Dangote buy half of Nigeria.

Well God bless him...

If I make enough money, na to pay issue to nuke some part of Nigeria beginning with National Assembly and that useless Aso rock

Dangote is just rich

Do they have a branch in Marina, lagos island?
If no, then I'm pissed

Hmm. But on this move na buying African is the man target.

I love His courage and diversity when it comes to making investment decisions

ReabridCharles:
Wetin remain na make Dangote buy half of Nigeria.

Well God bless him...

If I make enough money, na to pay issue to nuke some part of Nigeria beginning with National Assembly and that useless Aso rock

Dangote, the smartest business man I can think of. Nice move.

It's my birthday guys....Thank God for another wonderful year.

examhall:
Dangote is just rich

am very happy for ur success, mine own will soon come too.... Amen!!!

He's capable and able to achieve anything money can buy.

Na wa o,d rich gets richer,y d poor remains were dey are.Wat a country.

Just build us refinery

cool

examhall:
Dangote is just rich

is dangote richer than babangida and obasanjo? just asking o

Dangote the mini Nigeria. Well, enjoy the feel now before I over take you soon. Congrats Sir

He is spreading his net.

.

GOD DON BLESS THIS MAN SINCE.....
DEAR GOD, PLS FAVOUR YOUR GOOD HUSTLING CHILDREN .
GOOD MORNING ALL AND WISHING US ALL A FRUITFUL DAY.

this is one of the things money can do

The only Farmer wey ar know TO DEH TUN SOJI...

You are the only Business Man wey we know wey dey Mak FAT MONEY!... In 9ice's voice

**Anything Buyable!.

Diversification is key in business

Nice move

too much money.

Na this Man go buy everything including Aso-Rock Since A-fi-c wants to privatize efritin

as a football lover i am,make im come promote our(NPL) to a standard.

igwegeorgiano:
is dangote richer than babangida and obasanjo? just asking o

we are not talking who is the richest among them....
who Obasanjo n IBB don epp?.
but Dangote is employing people in his factories n I said factories n companies..

the worst thing that can happen to a man is to be envious of someone's success.

Abegs come buy Nigeria...

DaBullIT:
Just build us refinery

he is building one already at Lagos state, to be completed before 2019

i dont know why ds man is not my ........ anyway GOD knows the best




DRABEEYwasHERE

Congratulations.