China Export-Import Bank (Exim Bank of China)

The China Export-Import Bank, commonly known as Exim Bank of China, is a state-owned policy bank that provides financial support for trade and investment between China and other countries. It plays a crucial role in facilitating and promoting economic cooperation and development.

Exim Bank of China offers a range of financial services, including export credits, loans, and guarantees, to support Chinese companies' overseas activities and projects. The bank provides financing for Chinese exporters, helping them secure contracts and expand their presence in international markets. It also supports infrastructure development, industrial projects, and trade transactions between China and its partner countries.

In the context of Africa, Exim Bank of China has been instrumental in supporting trade and investment between China and African nations. The bank has provided financing for various infrastructure projects in Africa, including transportation networks, power plants, telecommunications systems, and other key sectors.

Exim Bank of China's involvement in Africa aligns with the objectives of the Belt and Road Initiative (BRI) and China's commitment to promoting infrastructure connectivity and economic cooperation in the region. The bank's financial support has contributed to the development of critical infrastructure projects that stimulate economic growth, improve living standards, and enhance regional integration in Africa.

One notable example is the construction of the Mombasa-Nairobi Standard Gauge Railway (SGR) in Kenya. Exim Bank of China provided significant financial support for this transformative railway project, which has improved transportation efficiency, boosted trade, and facilitated regional connectivity.

Founded: 1994

Headquarters: Beijing, China

Office in Africa: n/a

Website: http://english.eximbank.gov.cn/