Afreximbank signs agreement for US$100-million trade finance facility to DRC’s Rawbank

Nassau, The Bahamas: 13 June 2024: – African Export-Import Bank (Afreximbank) has signed an agreement for a US$100-million trade finance facility in favour of Rawbank to assist the Bank increase trade flows into and out of the Democratic Republic of Congo (DRC). The facility, the largest trade finance facility ever provided by Afreximbank to a

Afreximbank’s Annual Meetings 2024 Calls for Africans Across the Globe to Unite

Nassau, The Bahamas, 12 June 2024: – Heads of State, Ministers, government officials, and renowned captains of industry were among the over two thousand delegates attending day one of the 31st African Export-Import Bank (Afreximbank) Annual Meetings (AAM) being held in Nassau, The Bahamas from June 12-15. Themed “Owning our Destiny: Economic Prosperity on the

African Export-Import Bank US$500 Million Dual Tranche Syndicated Term Loan Facility

Cairo, 12 June 2024: Industrial and Commercial Bank of China Limited (ICBC), London Branch and Standard Chartered Bank (SCB) have successfully closed a US$500,000,000-Dual Tranche Syndicated Term Loan Facility (the “Facility”) for the African Export-Import Bank (Afreximbank or the Borrower). ICBC and SCB acted as Coordinators, Initial Mandated Lead Arrangers and Bookrunners for the Facility,

Afreximbank disburses $40 million to support Fidelity Bank’s acquisition of Union Bank UK

Cairo, 10 June 2024: –African Export-Import Bank (Afreximbank) has announced the disbursement of a US$40-million Intra-African Investment Facility to Fidelity Bank Nigeria Plc (“Fidelity”) to support Fidelity Bank’s acquisition and recapitalization of Union Bank UK as part of its international expansion programme. Provided in two tranches of US$20 million each, the first tranche of the

Afreximbank finalizes US$925 million accordion disbursement for Project Gazelle Funding Limited

Cairo, 06 June 2024: –African Export-Import Bank (Afreximbank) has announced an additional disbursement of US$925 million under the syndicated US$3.3 billion crude oil-backed prepayment facility sponsored by the Nigerian National Petroleum Company (NNPC) Limited. This brings the total current funded facility size to US$ 3.175 billion. Arranged and coordinated by Afreximbank, the accordion arrangement saw

Afreximbank commences the project development activities for an African Quality Assurance Center (AQAC), in Imo State Nigeria

Owerri, Imo State, Nigeria, 05 June 2024: – African Export-Import Bank (Afreximbank) has announced the commencement of project development activities of its second African Quality Assurance Center (AQAC) in Ngor Okpala, Imo State, Nigeria, in collaboration with Bureau Veritas. Project development activities were launched at an event held on 3rd June 2024 in Imo State

APPO and Afreximbank Sign the Establishment Agreement of the AEB, Declaring it Open for Signature by Prospective Member States

Cairo, Egypt, 4 June 2024: – African Export-Import Bank (Afreximbank) and the Africa Petroleum Producers’ Organisation (APPO) have announced the historic signing of the Establishment Agreement and the Charter of the Africa Energy Bank (“AEB”) at a ceremony held at the Ministry of Petroleum and Mineral Resources of the Arab Republic of Egypt. The event

Afreximbank, in partnership with Arise IIP and the Republic of Malawi, initiates construction of the “Magwero Industrial Park” in Lilongwe, an integrated industrial park set to accelerate the country’s industrialization.

Malawi, Lilongwe… 3rd June, 2024 – His Excellency, Dr. Lazarus McCarthy Chakwera, President of the Republic of Malawi, President and Chairman Board of Directors of Afreximbank, Prof. Benedict Okey Oramah and the President-Founder of ARISE Integrated Industrial Platforms (ARISE IIP), a pan-African developer and operator of world-class industrial ecosystems, Mr. Gagan Gupta, have unveiled the

Horizons Clinic (Gambia) Limited Secures US$16.8 Million Construction and Medical Tourism Relay Facility (“CONMED”) from Afreximbank

Cairo, 30 May 2024: – African Export-Import Bank (“Afreximbank”) has availed Horizons Clinic (Gambia) Limited a tailored US$16.8 million (Sixteen million, Eight Hundred Thousand United States Dollars) Construction and Medical Tourism Relay Facility (“CONMED”). The facility will support the construction of Horizons Clinic, a 60-bed, international standard, medical facility set to significantly improve the healthcare