{"id":477716,"date":"2023-09-04T22:28:05","date_gmt":"2023-09-04T22:28:05","guid":{"rendered":"https:\/\/www.kapitalafrik.com\/?p=477716"},"modified":"2023-09-04T22:28:11","modified_gmt":"2023-09-04T22:28:11","slug":"afreximbank-signs-land-acquisition-agreement-for-african-trade-centre-in-egypts-new-administrative-capital","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2023\/09\/04\/afreximbank-signs-land-acquisition-agreement-for-african-trade-centre-in-egypts-new-administrative-capital\/","title":{"rendered":"Afreximbank signs land acquisition agreement for African Trade Centre in Egypt\u2019s New Administrative Capital"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>\n<p class=\"wp-block-paragraph\">African Export-Import Bank (Afreximbank) has signed a formal agreement for the acquisition of land for the New Administrative Capital African Trade Centre (NAC-ATC), which will house the Bank\u2019s headquarters, along with other trade-supporting facilities and entities, in Egypt\u2019s new administrative capital in Cairo. The agreement provides for a complex that includes a conference centre, a hotel, an exhibition centre, an innovation hub and retail facilities.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Signed by Prof. Benedict Oramah, President and Chairman of the Board of Directors of Afreximbank, and Mr. Khaled Mahmoud Abbas, Chairman of the Board and Managing Director of the Administrative Capital for Urban Development Company, during a ceremony at the Egyptian Ministry of Foreign Affairs, the NAC-ATC is being developed as a \u201clandmark mixed-use modern futuristic iconic one-stop-shop business complex with broad intra-African trade character and appeal\u201d which is expected to position Egypt as the trade and investment gateway to Africa.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In addition to providing an integrated centre for trade information, trade services, trade finance and other trade facilitation services to African businesses, the NAC-ATC will bring together African and global trade ecosystems to create a powerful network that could be leveraged to explore business opportunities in those markets.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Speaking after the signing, Prof. Oramah said that NAC-ATC was being constructed to serve as the headquarters of the network of trade centres being established by Afreximbank across Africa to cover the continent\u2019s commercial capitals.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">He expressed confidence that NAC-ATC would facilitate Egypt\u2019s trade with, and investment in, the rest of Africa and would have a significant impact on the country\u2019s new capital city and on the Egyptian business community, noting that the centre would also host other export credit agencies, Development Financial Institutions, Exim banks, trade and investment promoting entities.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Prof. Oramah pointed out the significance of the signing of the agreement on the 31<sup>st<\/sup>&nbsp;of August, saying that the Bank\u2019s Headquarters Agreement with the Government of Egypt was signed on the same date in 1994.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">He expressed satisfaction that, \u201cwith NAC-ATC, we can now offer all our services under the umbrella of the ATC,\u201d adding that the construction of the centre will commence immediately and serve as a rallying point for the African diplomatic corps and would open the door for other entities to follow.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>African Export-Import Bank (Afreximbank) has signed a formal agreement for the acquisition of land for the New Administrative Capital African Trade Centre (NAC-ATC), which will house the Bank\u2019s headquarters, along with other trade-supporting facilities and entities, in Egypt\u2019s new administrative capital in Cairo. The agreement provides for a complex that includes a conference centre, a<\/p>\n","protected":false},"author":527180,"featured_media":477717,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[16158,12040,12046],"tags":[2360,13894],"class_list":["post-477716","post","type-post","status-publish","format-aside","has-post-thumbnail","category-bank","category-international-institutions","category-leaders-en","tag-afreximbank","tag-egypt-en","post_format-post-format-aside","pmpro-has-access"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Afreximbank signs land acquisition agreement for African Trade Centre in Egypt\u2019s New Administrative Capital - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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