By Staff Reporter
Cairo, 29 April 2022 – The Managing Director of Afreximbank’s Intra-African Trade Initiative Division, Mrs. Kanayo Awani, has been named among the 100 outstanding women leaders in Nigeria, according to the list published in the 2022 edition of Nigeria Women Annual: 100 Leading Women.
Mrs. Awani’s listing acknowledges her distinguished career and contributions to the development of society. As Managing Director, Mrs. Awani currently leads the Bank’s efforts in implementing its intra-African trade and industrialisation strategies. She successfully led Afreximbank’s engagement in support of the establishment and implementation of the African Continental Free Trade Area (AfCFTA) and was the arrowhead for the introduction and organization of the biennial Intra-African Trade Fair (IATF), which has delivered trade and investment deals valued at over US$70 billion.
She previously led Afreximbank’s Trade Finance and Branches Department from 2009 to 2016, growing it into the Bank’s most profitable department which accounted for over 80 percent of its loan book.
Mrs. Awani is also the Chairperson of the Africa Chapter of Factors Chain International (FCI), a global factoring association.
“The Nigeria Women Annual: 100 Leading Women” is the premier qualitative profiling of phenomenal women who have contributed to the development of Nigeria and the world. A gender-specific biographical compendium, it responds to existing gender gaps in Nigeria’s biographical documentation and leadership and, in 2022, focused on the most inspirational and influential women whose work contributed to shaping Nigeria’s collective history during the year.
This year’s list includes technology experts, politicians, teachers, activists, development practitioners, C-Suite corporate leaders, and other notable women.
African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution mandated to finance and promote intra-and extra-African trade. Afreximbank deploys innovative structures to deliver financing solutions that support the transformation of the structure of Africa’s trade, accelerating industrialization and intra-regional trade, thereby boosting economic expansion in Africa. The Bank has a rich history of intervening in support of African countries in times of crisis. Through the Pandemic Trade Impact Mitigation Facility (PATIMFA) launched in April 2020, Afreximbank has disbursed more than US$7 billion to help member countries manage the adverse impact of the financial, economic, and health shocks caused by the COVID-19 pandemic. A stalwart supporter of the African Continental Free Trade Agreement (AfCFTA), Afreximbank has launched a Pan-African Payment and Settlement System (PAPSS) that was adopted by the African Union (AU) as the payment and settlement platform to underpin the implementation of the AfCFTA. Afreximbank is working with the AU and the AfCFTA Secretariat to develop an Adjustment Facility to support countries in effectively participating in the AfCFTA. At the end of 2020, the Bank’s total assets and guarantees stood at US$21.5 billion, and its shareholder funds amounted to US$3.4 billion. Afreximbank disbursed more than US$42 billion between 2016 and 2020. The Bank has ratings assigned by GCR (international scale) (A-), Moody’s (Baa1), Japan Credit Rating Agency (JCR) (A-) and Fitch (BBB-). The Bank is headquartered in Cairo, Egypt.