News articles

Afreximbank announces US$500,000 support for earthquake relief in Morocco

Cairo, 19 September 2023 – African Export-Import Bank (Afreximbank) has today announced a $500,000 donation to provide immediate humanitarian relief to the Kingdom of Morocco and especially towards the hard-hit regions of Al Haouz, Chichaoua, Taroudant, Amizmiz and Marrakesh, following the devastation caused by a massive magnitude 6.8 earthquake. The earthquake is the strongest to hit

Afreximbank announces first half 2023 results delivers strong 1H financials performance

Cairo, 12 September 2023: – African Export-Import Bank (“Afreximbank” or the “Group”) has released the consolidated financial statements of the Bank and its subsidiaries, for the half year ended 30 June 2023. The results demonstrate a strong and resilient performance, which was ahead of expectations.  Afreximbank Group’s total balance sheet assets grew by 8% from US$27.9

Afreximbank signs MOU to support the development of Nigeria’s Anambra State, foresees $200-million debt financing

Awka (Nigeria), 07 September 2023:  The African Export-Import Bank (Afreximbank)  has signed a memorandum of understanding (MOU) with Nigeria’s Anambra State Government to collaborate on state development efforts through the provision of project preparation and advisory services, including a potential debt financing programme of up to US $200 million. Under the terms of the MOU

Afreximbank participates in inaugural Africa Climate Summit

Nairobi, Kenya, 6th September 2023 – African Export-Import Bank (“Afreximbank” ) is participating in the inaugural Africa Climate Summit, at which leading decisionmakers – from Africa and the wider international community – are gathering to discuss Africa’s exposure to climate change and its associated costs, with solutions and commitments for action to be formalized in the

Afreximbank signs land acquisition agreement for African Trade Centre in Egypt’s New Administrative Capital

Cairo, 04 September 2023: – African Export-Import Bank (Afreximbank) has signed a formal agreement for the acquisition of land for the New Administrative Capital African Trade Centre (NAC-ATC), which will house the Bank’s headquarters, along with other trade-supporting facilities and entities, in Egypt’s new administrative capital in Cairo. The agreement provides for a complex that

Afreximbank signs MOU with UAE Trade Center to promote TRADAR Club

Mr. Walid Hareb AlFalahi, Chief Executive- UAE Trade Center, flanked by Mrs. Kanayo Awani, Exec. VP Intra-African Trade Bank (right), and Ms. Lizanne Case, Head, Trade Intelligence Solutions, Afreximbank (left) Cairo, 1 Sep. 2023: – The African Export-Import Bank (Afreximbank) signed an MOU with the United Arab Emirates (UAE) Trade Center, to promote the TRADAR Club solution

Afreximbank and China Development Bank sign US$400-million loan to support Africa SMEs

Cairo, 28 Aug. 2023: – The China Development Bank (CDB) today in Cairo signed a development-focused agreement to provide the African Export-Import Bank (Afreximbank) with a US$400-million term loan facility to support the financing of small and medium-sized enterprises (SMEs) across Africa. The agreement, signed by Mr. Tan Jiong, President of CDB, and Prof. Benedict

Leading Credit Rating Agencies Affirm Afreximbank’s International Scale Long and Short-term Issuer Ratings of A/A2 and A-, with “Stable” Outlook

Cairo, 15 August 2023 – GCR Ratings (GCR), has affirmed Afreximbank’s international scale long and short-term issuer ratings of A and A2 respectively, citing its assessment of the Bank’s strong Preferred Creditor Treatment (PCT) track record in its member countries, as well as the Bank’s growing systemic relevance to the continent. The ratings also reflect Afreximbank’s strong capitalisation,

Afreximbank and Development Reimagined Support Access of High-End, Sustainable Made-in-Africa Brands to China

Cairo, 10 August 2023: – In continuation of its strategy to assist African businesses in increasing their international presence, the African Export-Import Bank (Afreximbank) and international consultants Development Reimagined (DR) have entered into a partnership to promote the entry and sale of high-end sustainable African brands in China. The partnership which includes a grant from


Bridgetown Friday 4 August 2023 – Prof. Benedict Oramah, President and Chairman of the Board of Directors of African Export-Import Bank (Afreximbank), in the company of the Hon. Mia Amor Mottley, Prime Minister of Barbados, Dr. the Hon. Ralph Gonsalves, Prime Minister of St. Vincent and the Grenadines, the Hon. Phillip Pierre, Prime Minister of St.

Afreximbank reiterates prioritization of food security, promoting trade & investment and advancing the African Continental Free Trade Agreement (AfCFTA) at 2nd Russia-Africa Economic & Humanitarian Forum

St. Petersburg, Russia, 30 July 2023: – With the prevalent dependency of African economies on external supply of fertilizers and grains and up to 30% of cereals imported from Russia, ensuring that critical trade flows continue uninhibited, remains the priority of Afreximbank and its African member states. The lingering global food security challenges and the

Moody’s Maintains Afreximbank’s Credit Rating at Baa1

Cairo, 25 July 2023: – The African Export-Import Bank (Afreximbank), Africa’s foremost multilateral trade finance institution, announces that the global credit ratings agency Moody’s has maintained its rating at Baa1 in its annual credit analysis, with the outlook categorized as stable. The agency determines its rating for supranationals based on three criteria: capital adequacy, liquidity,

Afreximbank leads US$155 million strategic facility to Djibouti Ports and Free Zone Authority.

From left to right: Prof. Benedict Oramah, President & Chairman, Afreximbank; H.E. Ismail Omar Guelleh, President of Djibouti; Dr. George Elombi, EVP-Governance, Legal & Corporate Services, Afreximbank; and Mr. Aboubaker Omar Hadi, Chairman of GHIH Nairobi, 17 July 2023: – The African Export-Import Bank (Afreximbank) today in Nairobi announced the disbursement of a $120-million financing

Gemcorp, Africa Finance Corporation and Afreximbank announce the financial close of Cabinda Oil Refinery with a US$335-million project financing facility 

On completion of phase 1, the refinery will process 30,000 barrels of crude oil per day, delivering c. 10% of the country’s total demand for refined oil products  LONDON and CAIRO, Egypt and LAGOS, Nigeria, July 17, 2023 — Gemcorp Holdings Limited (GHL), Africa Finance Corporation (AFC) and African Export-Import Bank (Afreximbank) are pleased to

Afreximbank, Digiloop sign MoU to Collaborate to Boost Sovereign Client’s Revenue Origination Capacity in Africa

Cairo, 11 July 2023: – The African Export-Import Bank (Afreximbank) and Digiloop, a Mauritius-based leading provider of technology-driven project finance solutions, have signed a memorandum of understanding (MoU) to collaborate in revenue origination, enhancement, and monitoring services across Africa. The MoU, signed by Mrs. Kanayo Awani, Executive Vice President, Intra-African Trade Bank, Afreximbank, and Sabelo


Accra, 10 July 2023: – The African Export-Import Bank’s (Afreximbank), 2023 edition of the African Trade Report (ATR2023) was launched at the Bank’s Annual Meeting – AAM2023 and 30th Anniversary celebrations in Accra, Ghana. Launching the ATR2023 along with HE Ambassador Albert Muchanga, the African Union Commissioner for Economic Development, Trade, Industry and Mining, Professor

Cairo Hosts IATF2023 Business Roadshow to Promote Trade Between Egypt and Africa

Cairo, Egypt – July 9, 2023: The African Export-Import Bank (Afreximbank), in collaboration with the African Union Commission (AUC), the African Continental Free Trade Area (AfCFTA) Secretariat and the Ministry of Trade & Industry of Egypt hosted a high-level business roadshow,ahead of the Intra-African Trade Fair (IATF 2023) scheduled to hold on the 9th to