Afreximbank commits US$400 million to Mozambique’s LNG Project

Cairo, 6 August 2020: – The African Export-Import Bank (Afreximbank), Africa’s foremost multilateral trade finance institution, is supporting the advancement of Mozambique’s energy industry and economy by committing up to US$400 million in guarantees and direct lending to the Area 1 LNG Project. The total Project is estimated to cost about US$24 billion and is

Afreximbank Wins Two EMEA Best Structured Finance Awards

Cairo, 20 July 2020: – The African Export-Import Bank (Afreximbank) has been recognized by EMEA Finance’s 12th African Banking Awards for two transactions processed under its Intra-African Trade Initiative. Afreximbank was recognized for its leading role in the $737 million bundle of guarantee facilities granted to Elsewedy Electric Group and The Arab Contractors for the

EIB and Afreximbank direct EUR 300m of support to African COVID response

4th  August 2020:- Accelerated EIB financing under Team Europe initiative Over 25% of funds dedicated to women in business and climate action Pan-African rapid response to alleviate COVID-19 impact and support climate action Scheme to support trade and ensure medical supplies continue The European Investment Bank (EIB), the lending arm of the European Union, and

Moody’s Affirms Afreximbank’s Credit Rating at Baa1

Cairo, 18 July 2020: – African Export-Import Bank (Afreximbank), Africa’s foremost multilateral trade finance institution, announces that the global credit ratings agency Moody’s, on 14 July affirmed the Bank’s long-term credit rating at Baa1, with a stable outlook.

Afreximbank Bucks COVID-19 On Course to Raise over US$1 billion in Syndicated Loan

Cairo, 14 May 2020: – The African Export-Import Bank (Afreximbank) vaulted market uncertainties caused by COVID-19 pandemic to successfully conclude a dual-currency Syndicated Loan, raising the equivalent of US$907.5 million, comprised of two tranches of US$485 million and EUR390.4 million. Proceeds will be used for general corporate activities, and will strengthen the Bank’s liquidity position as it implements its

Afreximbank Cancels 2020 Annual Meeting Side Events due to COVID-19 | Shareholders to Consider 27th Annual Meeting Resolutions by Correspondence

Cairo, 11 May 2020: – Due to the COVID-19 Pandemic, the African Export-Import Bank (Afreximbank) has made the decision to cancel the series of events which were set around its 27th Annual General Meeting and to hold the Shareholders’ meeting by correspondence. Afreximbank President Prof. Benedict Oramah said that the decision to hold the Shareholders’

IATF2020 Postponed due to COVID-19

Cairo, 29 April 2020: – In light of the COVID-19 pandemic, the African Export-Import Bank (Afreximbank), the African Union (AU) and the Government of Rwanda have decided to postpone by one year the second Intra-African Trade Fair (IATF2020) initially set to take place from 1 to 7 September 2020 in Kigali, Rwanda. This decision was

Afreximbank Announces $3-Million COVID-19 Response Grant for African Countries

Cairo, 23 April 2020: – The African Export-Import Bank (Afreximbank) has announced a $3-million grant to complement continental efforts to combat the COVID-19 pandemic. Afreximbank President Prof. Benedict Oramah, who made the announcement in Cairo, said that the grant was in response to a request by African heads of state, through the auspices of the