{"id":20810,"date":"2024-07-11T14:51:32","date_gmt":"2024-07-11T14:51:32","guid":{"rendered":"https:\/\/sotnews.agency\/?p=20810"},"modified":"2024-07-11T14:51:32","modified_gmt":"2024-07-11T14:51:32","slug":"afreximbank-reconstitutes-its-creative-africa-advisory-group-ahead-of-canex-weekend","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=20810","title":{"rendered":"Afreximbank reconstitutes its Creative Africa Advisory Group ahead of CANEX Weekend"},"content":{"rendered":"
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Ahead of the upcoming CANEX Weekend in Algiers, Algeria, from 16 to 19 October, African Export-Import Bank (Afreximbank) (www.Afreximbank.com<\/a>) has announced the reconstitution of the Creative Africa Advisory Group (CAAG). This group oversees and provides guidance for implementing the Bank\u2019s Creative Africa Nexus Programme.<\/p>\n

The first meeting of the reconstituted Advisory Group took place at the Waldorf Astoria, Heliopolis, in Cairo on 9 July 2024. Co-chaired by H.E Amb. Minata Samate Cessouma, Commissioner for Health, Humanitarian Affairs and Social Development of the African Union Commission, and Senator Mr.Ben Murray-Bruce, Founder of Silverbird Group, Nigeria, the CAAG is tasked with guiding Afreximbank\u2019s strategy to support the growth of creative and cultural industries in Africa and its diaspora. Each member will serve a two-year term.<\/p>\n

During the meeting, the CAAG was updated on the overall implementation of the CANEX Programme and particularly on the preparations for the upcoming CANEX Weekend in Algeria. Members were also briefed on the status of the CANEX Africa Digital Platform and the establishment of CANEX Creations Incorporated, the Bank\u2019s intellectual property investment vehicle. Amongst the recommendations shared by CAAG members was to establish a finance subcommittee to ensure optimal disbursement of the Bank\u2019s financing facilities and funding, and continued outreach on our financial products to creatives.<\/p>\n

Co-Chair H.E Amb. Minata Cessouma-Samate commented: <\/strong>\u201cThe Bank has been instrumental in helping the AU\u2019s Culture and Sports Programme deliver initiatives aligned with our long-term development objective \u2013 The Africa We Want Agenda 2063, and the Revised AU Plan of Action on Cultural and Creative Industries, 2023. We look forward to continued collaboration with the Creative Africa Advisory Group and galvanizing\u00a0opportunities between the Bank and the Commission leading to conducive policies and regulatory environment for Africa\u2019s creative and cultural economies.\u201d<\/p>\n

Co-chair Senator Ben Murray-Bruce<\/strong> emphasized the crucial role of the Bank in supporting creative ventures through innovation. He stated: \u201cSome of the biggest artists in the world today are Africans and we must be innovative so that channeling money to the continent ceases being an enigma.\u201d<\/p>\n

Dr. Gainmore Zanamwe, Acting Director, Trade Facilitation&IATF \u2013 Intra-African Trade Bank, spoke on behalf of Mrs. Kanayo Awani, Executive Vice President, Intra-African Trade and Export Development. <\/strong>\u00a0He expressed the Bank\u2019s deep appreciation for the contributions of the members of the first cohort of the CAAG.<\/p>\n

\u201cReconstituting the Creative Africa Advisory Group marks a significant milestone in our journey to elevate Africa\u2019s creative and cultural industries to new heights. The contributions of the first CAAG cohort have been invaluable in bringing us to this point. As we move forward, I am confident that the reconstituted CAAG will build on their legacy, driving innovation, fostering investment, intra-African trade and export development, and enhancing cultural expression across the continent. Together, we will continue to support and empower Africa\u2019s creative talents, in the context of a Global Africa, ensuring their rightful place on the global stage.\u201d<\/p>\n

Other members of the reconstituted CAAG are: Alex Okosi, Managing Director, Google Africa; Vincent Berry II, Singer, Songwriter and Producer; Didier Drogba, renowned African footballer and President, Didier Drogba Foundation; Omar Ben Yedder, Group Publisher and Managing Director, IC Publications; Azza Fahmy, Founder, Azza Fahmy Designs; Oscar \u2018Oskido\u2019 Mdlongwa, Recording Artist and Record Producer, Legend Live; Olasupo Olusi, Managing Director and CEO, Bank of Industry; Kibonen Nfi, CEO, Cameroon Clothing; Mamou Daffe, President, African Culture Fund; Hana El-Beblawy, Founder, ARD Art Institution; Orlando Romain, OECS Advisor on the Creative Economy; George Gachara, Founding Partner, The Heva Fund; and H.E. Hannatu Musawa, Minister of Art, Culture and Creative Economy of Nigeria.<\/p>\n

Distributed by APO Group on behalf of Afreximbank.<\/p>\n

Media Contact:<\/strong>
\nVincent Musumba
\nManager, Communications and Events (Media Relations)
\nEmail: press@afreximbank.com<\/a><\/p>\n

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About Creative Africa Nexus:<\/strong>
\nRecognising the relevance and opportunities provided by the creative economy as a key driver for development and job creation, Afreximbank established the Creative Africa Nexus programme (CANEX) to support the development of Africa\u2019s creative and cultural industries and address some of the challenges faced by that economy, through the provision of access to finance, capacity building, trade, investment and export promotion, access to new market opportunities, digital solutions and policy advocacy in order to fast-track the scaling of Africa\u2019s creative sectors within the global economy.<\/p>\n

About Afreximbank:<\/strong>
\nAfrican Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution mandated to finance and promote intra-and extra-African trade. For 30 years, the Bank has been deploying innovative structures to deliver financing solutions that support the transformation of the structure of Africa\u2019s trade, accelerating industrialization and intra-regional trade, thereby boosting economic expansion in Africa. 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. Working with the AfCFTA Secretariat and the AU, the Bank is setting up a US$10 billion Adjustment Fund to support countries effectively participating in the AfCFTA. At the end of December 2023, Afreximbank\u2019s total assets and guarantees stood at over US$37.3 billion, and its shareholder funds amounted to US$6.1 billion. Afreximbank has investment grade ratings assigned by GCR (international scale) (A), Moody\u2019s (Baa1), Japan Credit Rating Agency (JCR) (A-) and Fitch (BBB). Afreximbank has evolved into a group entity comprising the Bank, its impact fund subsidiary called the Fund for Export Development Africa (FEDA), and its insurance management subsidiary, AfrexInsure (together, \u201cthe Group\u201d). The Bank is headquartered in Cairo, Egypt.<\/p>\n

For more information, visit:\u00a0www.Afreximbank.com<\/a><\/p>

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Ahead of the upcoming CANEX Weekend in Algiers, Algeria, from 16 to 19 October, African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has announced the reconstitution of the Creative Africa Advisory Group (CAAG).… <\/p>\n","protected":false},"author":1,"featured_media":20811,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_2277560469115098_106292521332774":"","twitter_aToxNzczMzI3Njk4OTg4ODUxMjAxOw==_1773327698988851200":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[13],"tags":[],"class_list":["post-20810","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/20810","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20810"}],"version-history":[{"count":0,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/20810\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/media\/20811"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20810"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20810"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20810"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}