News articles

Afreximbank closes $282 million “first-of-its-kind” India-focused club deal

Cairo, 28 March 2024: – The African Export-Import Bank (Afreximbank) has announced the successful completion of a “first-of-its-kind” India-focussed club deal for US$282.00 million. Initiated for the exclusive participation of Indian lenders, and arranged by Bank of Africa UK PLC, the primary syndicated club deal saw participation from Indian lenders through their overseas branches and

Afreximbank bids farewell to long serving FCI Secretary General Peter Mulroy

Cairo, 26 March 2024: – The African Export-Import Bank (Afreximbank) has bid farewell to Peter Mulroy, the long serving Secretary General of FCI who has piloted the affairs of the global factoring body for the past 11 years, commending him for making Africa a priority by connecting the continent to the global factoring community. In

Afreximbank, CDP sign MoU for €200-million facility to support food security interventions across Africa

Left – Right: Haytham ElMaayergi, Executive Vice President of Afreximbank and Dario Scannapieco, Chief Executive Officer of Cassa Depositi e Prestiti S.p.A (CDP) Italy, exchange documents after signing a €200 million Memorandum of Understanding to bolster Afreximbank’s initiatives in food security and climate-smart agriculture across Africa. The financing will support the Bank’s interventions in food

AFREXIMBANK'S MANSA DIGITAL INITIATIVE ACHIEVES FOUR ISO STANDARDS CERTIFICATIONS FOR ITS INTEGRATED MANAGEMENT SYSTEM (IMS)

Cairo, 21 March 2024: The Africa Export-Import Bank (Afreximbank’s) MANSA Digital Initiative, a Pan-African due diligence platform, has been awarded four ISO standards for the effective implementation of its Information Management Systems (IMS). MANSA Digital Initiative is a pan-African customer due diligence platform created by Afreximbank to promote, expand and support both intra and extra

Afreximbank’s Fund for Export Development in Africa inaugurates Kigali office with eye on addressing Africa’s $110 billion equity financing shortfall

Right Honourable Dr. Edouard Ngirente, the Prime Minister of the Republic of Rwanda (centre) cuts the ribbon to officially inaugurate the offices of the Fund For Export Development in Africa (FEDA) in Kigali, Rwanda. He was accompanied by President and Chairman of the Board of Directors of Afreximbank, Prof. Benedict Oramah (left), Chief Executive Officer

ST. LUCIA RECEIVES $6 MILLION AS AFREXIMBANK MAKES HISTORIC FIRST DISBURSEMENT FROM CARIBBEAN OFFICE

Barbados, 14 March 2024: – The African Export-Import Bank (Afreximbank) is delighted to announce that it has successfully executed its first facility disbursement from its recently-established Caribbean Office in Bridgetown, Barbados. The disbursement is a US $6 million Education Rehabilitation Climate-linked Sovereign Term Loan Facility to the government of St. Lucia through its Ministry of

Afreximbank’s Kanayo Awani receives African Diaspora Advisory Board Global Award

Mrs. Kanayo Awani, Executive VP, Intra-African Trade Bank, Afreximbank, displaying the African Diaspora Advisory Board Global Woman Award Cairo 14 March 2024: – Kanayo Awani, Executive Vice President, Intra-African Trade Bank at the Africa Export-Import Bank (Afreximbank), has received the African Diaspora Advisory Board (ADAB) Global Woman Award in Washington, D.C., for her work in

Afreximbank Extends Grant to Grand Africa Initiative to Empower African Youth Entrepreneurs

March 12, 2024 – African Export-Import Bank (Afreximbank) is pleased to announce its collaborative effort with the Grand Africa Initiative (GAIN) through a grant aimed at facilitating the training of 300 young African entrepreneurs. The training program will focus on entrepreneurship and intra-African trade and is set to commence in March 2024. The GAIN-Afreximbank Masterclass

EXPRESSION OF INTEREST - LABOUR BROKERAGE (OUTSOURCING) SERVICES HARARE, ZIMBABWE

The African Export-Import Bank (the “Bank”) is a pan-African multilateral financial institution, established to provide financing solutions and advisory services for the expansion, diversification, promotion and development of intra- and extra-African trade. The Bank will soon commence operations of its newly constructed African Trade Centre (ATC) building complex which includes corporate office space, a hotel,

EXPRESSION OF INTEREST - LABOUR BROKERAGE (OUTSOURCING) SERVICES ABUJA, NIGERIA

The African Export-Import Bank (the “Bank”) is a pan-African multilateral financial institution, established to provide financing solutions and advisory services for the expansion, diversification, promotion and development of intra- and extra-African trade. The Bank will soon commence operations of its newly constructed African Trade Centre (ATC) building complex which includes corporate office space, a hotel,

AFREXIMBANK MOURNS THE SAD PASSING OF DR. HERBERT WIGWE

Cairo, March 7, 2024: African Export-Import Bank (Afreximbank or “the Bank”) joins the world today to mourn the untimely passing of its longstanding partner, client and friend, Dr. Herbert Wigwe, the Group managing director and CEO of Access Holdings Plc, one of Africa’s top banking institutions, which sad event took place on February 9, 2024

Afreximbank tops the loan market rankings in Bloomberg’s 2023 Capital Markets league tables for Sub-Saharan Africa

Cairo, 4 March 2024: – African Export-Import Bank (Afreximbank) has been ranked number one in all three categories in the Bloomberg Capital Markets League Tables Report for African Capital Markets. Afreximbank is ranked as number one Mandated Lead Arranger, Bookrunner, and Administrative Agent for Sub-Saharan Africa Borrower Loans. These rankings recognize the Bank’s leadership role in facilitating

2024 COTFIA

Cairo, Egypt, 23 February 2024 – The Africa-Trade Knowledge hub, The Afreximbank Academy (AFRACAD), owned and administered by the Africa Export-Import Bank (Afreximbank) Group, announces the opening of registration for the 2024 cohort of the Certificate of Trade Finance in Africa (COTFIA). AFRACAD offers this programme in partnership with Factors Chain International (FCI) and the American

The Arab Republic of Egypt Accedes to the Establishment Agreement for Afreximbank’s Fund for Export Development in Africa (FEDA)

Kigali, 29 February 2024: The Fund for Export Development in Africa (FEDA), a subsidiary of the African Export-Import Bank (Afreximbank) dedicated to fostering development impact, is pleased to announce the Arab Republic of Egypt’s accession to its Establishment Agreement. With Egypt’s longstanding position as a founding shareholder and the host country of Afreximbank’s headquarters, this recent development

GEOMETRIC POWER COMMISSIONS THE AFREXIMBANK-BACKED 141MW ABA INTEGRATED POWER PROJECT

Abia – Nigeria, February 28, 2024: The 141 MW Aba Integrated Power Project (Aba IPP), an Afreximbank-financed project, was officially commissioned in Abia State by the Vice President of the Federal Republic of Nigeria, H.E Kashim Shettima. A first of its kind in Nigeria, the Aba IPP is a pioneering initiative capable of generating and distributing

President Oramah delivers 8th Goddy Jidenma biennial lecture

Lagos, Nigeria, 26 February 2024: – How Africa and the rest of the developing world manoeuvre the emerging challenges presented by the unprecedented de-globalisation of the world could potentially make or mar their economic progress in the years ahead, Prof. Benedict Oramah, President and Chairman of the Board of Directors of the African Export-Import Bank (Afreximbank), said on

Afreximbank President Oramah holds audience with President Bola Tinubu of Nigeria to discuss African healthcare in light of collaboration on pioneering AMCE project

Abuja, 23 February 2024: – Afreximbank’s President and Chairman of the Board of Directors, Professor Benedict Oramah, was invited to an audience at Abuja’s State House with Nigeria’s President, His Excellency Bola Tinubu. The meeting centered on the Bank’s initiatives and financing support to the country and specifically focused on the progress and potential impact on the 500

Afreximbank-Supported Miner Wins Sustainability Award

Mrs. Helen Brume (middle), Director, Project and Asset Based Finance, Afreximbank, Mr. Manas Agarwal (her left), and Mr. Nene Addo, Manager, Project and Asset Based Finance, Afreximbank, displaying the award.  Boke, Kamsar, Guinea, 22 February 2024: – Guinea-based Dynamic Mining SAS has won the Mining Indaba Sustainability Award for its US$90-million Senior Debt facility financed by the

The African Medical Centre of Excellence (AMCE) Wraps Up Successful African Health Forum 2024 in Abuja

Thursday, 22 February 2024; Abuja, Nigeria: The African Medical Centre of Excellence, Abuja (AMCE Abuja), a quaternary-level multi-speciality medical institution developed by the African Export-Import Bank (Afreximbank) and King’s College Hospital, London, concluded its highly anticipated African Health Forum 2024 today in Abuja, Nigeria, marking a significant milestone in advancing healthcare collaboration and innovation across the continent.

African Multilateral Financial Institutions forge historic strategic  alliance to serve as catalyst for Sustainable Economic Development and financial self-reliance in Africa 

H.E. Nana Akufo-Addo (forth-left), President of the Republic of Ghana, flanked by Prof. B. Oramah President and Chairman, Afreximbank (his left); Ms. H. Murera, Managing Director Zep Re; Mr. J. M. Ndawula, Associate VP, AFC, representing Mr. S. Zubairu President and CEO, AFC; Mr. T. H. Hann, CEO and Managing Director, Shelter Afrique; Dr. C. Karekezi, Group Managing Director and