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QUESTION 1
With reference to the above citation and the article read, critically assess how
African countries governments can strategically support emerging enterprises
to export their products and/ or services. In your answer, identify the
weaknesses and strengths of government export support programmes in South
Africa and other developing countries.
To critically assess how African countries' governments can strategically support
emerging enterprises to export their products and/or services, it is essential to consider
the strengths and weaknesses of government export support programs in South Africa
and other developing countries.
African Export–Import Bank
African Export–Import Bank, also referred to as Afreximbank or Banque Africaine
d’Import-Export, is a pan-African supranational multilateral financial institution created
in 1993 under the auspices of the African Development Bank (Singh & Misra, 2022).
It was officially launched at the first general meeting of the shareholders in Abuja,
Nigeria, in October 1993. It is headquartered in Cairo, Egypt. Afreximbank is a financial
provider to African governments and private businesses in support of African and
Caribbean trade. Afreximbank works with African and non-African export credit
agencies, development finance institutions, commercial banks, and other multilateral
institutions to support trade finance activities in Africa.
Afreximbank began with an authorised share capital of US$750 million in 1993, but
the authorized share capital of the bank was increased to US$5 billion on December
8, 2012. On October 28, 2021, Afreximbank announced that it had embarked on a
US$6.5 billion General Capital Increase (of which US$2.6 billion would be paid-in) to
expand its capacity to deliver on its core mandate and diversify its range of services.
Afreximbank has partnered with the African Development Bank, African Central
Banks, and other international and national strategic partners to launch MANSA, a
collaborative CDD/KYC information repository platform with a special emphasis on
African financial institutions and corporate to enable global institutions, partners and
