São Tomé, 17 September 2024: – With an eye on promoting trade, investment and financing opportunities in São Tomé and Príncipe, African Export-Import Bank (Afreximbank), in partnership with the Government and the Promotion, Commerce and Investment Agency (APCI) of São Tomé and Príncipe are hosting the “São Tomé and Príncipe Investment Forum.” The forum is
African Designers Take Center Stage at Tranoï Tokyo through CANEX Initiative
Tokyo, 11 Sept. 2024: – The vibrant spirit of African fashion took centre stage at the inaugural Tranoï Tokyo trade show on September 4-5, where 10 exceptional fashion brands from across Africa and the diaspora showcased their designs as part of Afreximbank’s CANEX Presents Africa initiative. Among the African brands that featured at Tranoï Tokyo
Afreximbank and The Africa Center in New York Announce the Launch of the Afreximbank Africa Diaspora Center During the 2024 Future Africa Forum
Policy-focused initiative to bridge information, opportunity, and investment gaps within the African Diaspora leading towards a more prosperous African future under the platform of Global Africa New York, NY 06th Sept. 2024 — The Africa Center and African Export-Import Bank (Afreximbank) have announced the upcoming launch of the Afreximbank Africa Diaspora Center (AADC), a groundbreaking initiative
Countdown begins to the fourth Intra-African Trade Fair (IATF2025) in Algiers
IATF2025 will build on past successful editions in promoting trade and investment across Africa Algiers, September 5, 2024 – Over 35,000 visitors from more than 140 countries across the world are expected to converge in Algiers, Algeria from 4– 10 September 2025 to attend the Intra-African Trade Fair 2025 (IATF2025), Africa’s premier trade and investment
Afreximbank extends a hand of support to Caribbean countries impacted by Hurricane Beryl
Cairo, 04 Sept. 2024: – African Export-Import Bank (Afreximbank) has responded to the devastation caused by Hurricane Beryl, donating over half a million US dollars to aid disaster relief and rebuilding efforts across Caribbean countries that were hard-hit. Hurricane Beryl severely devastated the Grenadian islands of Carriacou and Petite Martinique as well as several islands
Afreximbank Facilitates US$650-Million Financing for Oando’s Acquisition of NAOC’s 20% Interest in Nigerian Joint Venture
Cairo, 23 Aug. 2024: – African Export-Import Bank (Afreximbank) has successfully arranged a senior US$500-million and a junior US$150-million reserve-based lending facility for Oando Petroleum and Natural Gas Company Limited. The facility was used to finance Oando’s acquisition of the 20 per cent participating interest held by Nigerian Agip Oil Company Limited (NAOC) in the
Central Bank of Comoros: Commencement of activities for the implementation of PAPSS in Comoros
Moroni, August 23, 2024 – The Central Bank of Comoros (Banque Centrale des Comores-BCC) and the Pan-African Payment and Settlement System (PAPSS) announce the official commencement of activities for the implementation of PAPSS in Comoros. This initiative, supported by Afreximbank and the African Union, is part of efforts to make the African Continental Free Trade
PRESS RELEASE
FORWARD-LOOKING STATEMENTS African Export-Import Bank (Afreximbank) Group makes written and/or oral forward-looking statements, as shown in this release and other communications, from time to time. Likewise, officers of the Bank may make forward-looking statements either in writing or during verbal conversations with investors, analysts, the media, and other members of the investment community. Statements regarding
Afreximbank’s Creative Africa Nexus (CANEX) Announces the Release of Groundbreaking EP “One Drum”
The Marley family, Scorpion Kings, Sofiya Nzau, Flavour, and Olodum unite on Groundbreaking EP “One Drum” This initiative is under the auspices of CANEX Creations Incorporated which seeks to support the commercialization of IP assets Cairo, Egypt: 16 August 2024: – African Export – Import Bank (Afreximbank) through its Creative Africa Nexus (CANEX) Programme is thrilled
Afreximbank signs project preparation facility agreement to support development of Veenocks porcelain tiles plant in Nigeria
Cairo, Egypt… 15 August 2024: –African Export-Import Bank (Afreximbank) has signed a project preparation facility agreement with Veenocks Limited for the financing of the development of Veenocks’ porcelain tile manufacturing plant located in Sagamu, Ogun State, Nigeria. The plant, to be operated as an indigenously owned state-of-the-art facility with an annual production capacity of 6.6
Afreximbank and Uganda Development Bank sign project preparation financing agreement
Cairo, Egypt… 12 August 2024: – African Export-Import Bank (Afreximbank) and the Uganda Development Bank (UDB) have signed a Joint Project Preparation Facility Framework Agreement to provide early project preparatory financing and technical support services to public and private sector entities. This is aimed at boosting Uganda’s industrialization and export development activities. Under the
Afreximbank to double intra-African trade financing to $40 billion by 2026
Abuja, 09 August 2024: – African Export-Import Bank (Afreximbank) plans to double its financing of intra-African trade from US$20 billion in 2021 to US$40 billion by 2026, Mr. Haytham ElMaayergi, Afreximbank’s Executive Vice President, Global Trade Bank, has said. Mr. ElMaayergi was addressing participants and guests in Abuja at the African Caucus Meeting of the