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Vol 47 No 20

Published 6th October 2006


Egypt

Pride and prejudice

A row over a pan-African trade bank threatens Cairo's diplomatic and commercial standing

Mild-mannered Ivorian banker Jean-Louis Ekra is an improbable figure to be in the eye of a continental storm. But a diplomatic storm is indeed brewing as the dispute worsens between Cairo and several other African capitals over the appointment of Ekra as President of Afreximbank, a multilateral bank set up in 1993 to promote intra-African trade. Afreximbank is a public-private partnership, majority-owned by public sector shareholders and multilateral institutions representing 34 African countries.

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