Agreement with Afreximbank for VEB’s participation in the trade promotion program as a confirming bank

On October 23, 2019, within the framework of the Russia-Africa Economic Forum, VEB.RF and Afreximbank signed an agreement on general rules and conditions for VEB’s participation in Afreximbank’s Trade Confirmation Guarantee Program as a confirming bank.

The document was signed by the Deputy Chairman of VEB.RF Daniil Algulyan and the Executive Vice President of Afreximbank Amr Kamel.

The signing of the agreement will allow Afreximbank to strengthen support for Russian companies operating in African countries.

Amr Kamel, Executive Vice President of Afreximbank