The African Export-Import Bank (Afreximbank) has agreed on a USD500 million facility with the Central Bank of Egypt (CBE) to help Egyptian importers through a foreign currency crisis. The Afreximbank deal, signed on Friday, will provide a trade liquidity facility to Egyptian importers, focusing on imports considered strategic to the Egyptian economy. The facility from Cairo-based Afreximbank is part of a programme approved in December and is worth more than USD3.5 billion, aimed at helping member countries adjust to a collapse in commodity prices and the impact of political violence. (Reuters)