Difficulty: Easy
Correct Answer: Egypt
Explanation:
Introduction / Context:
The African Export-Import Bank, commonly called Afreximbank, is a regional multilateral financial institution created to promote and finance trade within Africa and between Africa and the rest of the world. For questions on world organisations and regional banks, it is important to know the headquarters location because many exam questions connect institutions with the cities or countries that host them.
Given Data / Assumptions:
Concept / Approach:
Afreximbank is headquartered in Cairo, the capital of Egypt. While its operations cover many African states, the legal and physical seat of the institution is in Egypt. The other listed countries host various regional bodies and national institutions, but not the main headquarters of Afreximbank. Therefore, the correct approach is to recall the link "Afreximbank – Cairo – Egypt" and select Egypt from the options.
Step-by-Step Solution:
Step 1: Recall that the African Export-Import Bank is a pan-African financial institution that supports trade finance.
Step 2: Remember the key association that its headquarters are in Cairo.
Step 3: Identify Cairo as the capital city of Egypt, which helps you connect Afreximbank to Egypt as the host country.
Step 4: Examine the options: Senegal, Kenya and Nigeria are all major African economies but are not the headquarters state of Afreximbank.
Step 5: Choose Egypt as the correct answer.
Verification / Alternative check:
You can verify this fact by viewing Afreximbank's official information, which clearly states that the bank is headquartered in Cairo, Egypt. Many exam-oriented GK sources on world organisations repeat this connection, making it a standard factual pair to memorise for competitive exams.
Why Other Options Are Wrong:
Senegal: Dakar, Senegal hosts many West African institutions, particularly those linked to the CFA franc, but it is not the headquarters location of Afreximbank.
Kenya: Nairobi is a major hub for UN and African institutions in East Africa, but it does not host Afreximbank's main headquarters.
Nigeria: Lagos and Abuja are important economic and political centres in West Africa, and Nigeria is a key trade partner, yet the bank's official headquarters are not in Nigeria.
Common Pitfalls:
A common mistake is to assume that the headquarters must be in one of the continent's largest economies, like Nigeria or Kenya, without checking the specific institution. Another error is to confuse Afreximbank with CFA franc institutions, which are more closely linked to West African francophone countries. To avoid confusion, remember the specific association: Afreximbank is headquartered in Cairo, which automatically means Egypt is the correct country.
Final Answer:
The headquarters of the African Export-Import Bank (Afreximbank) is located in Egypt.
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