Cairo, 21 June 2024: – Fitch Ratings has affirmed the Long-Term Issuer Default Rating (IDR) for African Export-Import Bank (Afreximbank) at ‘BBB’, with a Stable Outlook. The agency also affirmed the Bank’s Short-Term IDR at ‘F2’ and the long-term ratings on the Bank’s Global Medium Term Note Programme and Debt Issuances at ‘BBB’. The ratings

Nassau, Bahamas 20 June 2024: –African Export-Import Bank (Afreximbank) has signed an indicative term sheet with APD-Cameroon for the financing of the development and operation of a new port terminal in Douala, Cameroon, estimated to cost EUR210 million.  According to the term sheet, the proposed facility will be in two tranches in Euro and Central

Paris, France – June 20, 2024: African Export-Import Bank (“Afreximbank” or “the Bank”) and the Africa Centers for Diseases Control and Prevention (Africa CDC) have renewed their partnership with a new cooperation agreement announced today on the sidelines of the Global Forum for Vaccine Sovereignty and Innovation in Paris, France. Through this collaboration, Afreximbank has

Cairo, Monday, 19 June, 2024: On June 4, 2024, African Export-Import Bank (Afreximbank or the Bank) entered into a Cooperation Agreement with the Africa Centres for Disease Control and Prevention (Africa CDC) to leverage their strengths in boosting health systems across Africa and improving the livelihoods of African citizens. This milestone agreement underscores the commitment of

The second edition of the awards ceremony comes as African Export-Import Bank (Afreximbank) is promoting stronger ties between Africa and the Diaspora, in a push for a Global Africa ARISE Integrated Industrial Platforms (ARISE IIP), received the Pan African Business of the Year award for advancing industrialisation, export development, and economic transformation in Africa. Notably,

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

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

Nassau, The Bahamas, 12 June 2024: –African Export-Import Bank (Afreximbank) today launched its African Trade Report 2024 and African Trade and Economic Outlook Report 2024 at the Afreximbank Annual Meetings (AAM) 2024 in Nassau, The Bahamas. The latter report forecasts that African economies will grow on average by 3.8% in 2024 – slightly ahead of

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,

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

Cairo, 10 June 2024: In a nod to its increasingly important contribution to Africa’s economic growth and development, Afreximbank has been recognised with a haul of 8 Awards at the EMEA Project Finance and EMEA Achievement Awards 2023 Charity dinners held in London on June 5 & 6 respectively. Hosted by EMEA Finance magazine, the

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