Nigeria: JSC Russian Export Centre Joins Afreximbank As Shareholder

23 January 2018

Abuja — JSC Russian Export Centre (REC) has become the latest international financial organisation to join the African Export-Import Bank (Afreximbank) as a shareholder following its successful subscription to Class "C" shares of the pan-African multilateral trade finance bank

The shareholding, which became effective on December 29, 2017, followed discussions between the Bank and Russian officials during which the two sides explored ways of cooperating to take advantage of the numerous opportunities for trade and development between Russia and the African continent.

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