The African Export-Import Bank (Afreximbank) was established in Abuja, Nigeria, in October 1993 by African governments, African private and institutional investors, and non-African financial institutions and private investors, for the purpose of financing, promoting and expanding intra-African and extra-African trade. It was set up under a Charter, now signed by 50 countries, as an international multilateral organisation, and is headquartered in Cairo, Egypt. It provides financing solutions and advisory services for the expansion, diversification, promotion and development of intra- and extra-African trade.