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 African Export-Import Bank (Afreximbank), in partnership with the African Finance Corporation (AFC) and BADEA, to support Guinea to increase its bauxite production to 85,000 kilotonnes. With a participation of US$40
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
[Addis Ababa, 21 February] – Under the esteemed patronage of His Excellency Nana Addo Dankwa Akufo-Addo, the President of the Republic of Ghana and the Champion on the African Union Financial Institutions, Africa’s multilateral financial institutions have collaborated and launched the Alliance of African Multilateral Financial Institutions (AAMFI). The auspicious inauguration, which took place on the sidelines of
PAPSS Expands into North Africa as Banque Centrale de Tunisie Becomes Thirteenth Member
Cairo, Tuesday 12 February 2023 – The Pan African Payment and Settlement System (PAPSS) is proud to announce the entry of Banque Centrale de Tunisie (BCT) into its network as its thirteenth Central Bank member, further strengthening its commitment to promoting seamless cross-border payment services and enhancing financial integration across the African continent. PAPSS, developed by African
Afreximbank, IFC, and White & Case, Partner to Co-host Africa Energy Transition Seminar in Cairo, Egypt
Cairo, 1 February 2024: – As Africa continues to position itself to reap the full benefits of the drive for energy transition, the African Export-Import Bank (Afreximbank), IFC, and the legal firm White & Case partnered to host a one-day seminar to discuss “Energy Transition and Infrastructure in Africa”. The seminar attracted about 150 participants drawn
Equatorial Guinea and Ghana Accede to the Establishment Agreement for Afreximbank’s Fund for Export Development in Africa (FEDA)
Kigali, 30 January 2024: The Fund for Export Development in Africa (FEDA), the development impact-focused subsidiary of the African Export-Import Bank (Afreximbank), has announced that the Republic of Equatorial Guinea and the Republic of Ghana have recently signed the FEDA Establishment Agreement. This important milestone is the result of several months of cooperation between Afreximbank, FEDA and
Afreximbank Acts as Joint Global Coordinator on BADEA‘s Inaugural EUR 500M Social Bond
Cairo, 30 January 2024 – The African Export-Import Bank (Afreximbank), is pleased to announce that it has successfully acted as Joint Global Coordinator on the inaugural EUR 500M RegS-only senior unsecured social bond issuance by the Arab Bank for Economic Development in Africa (BADEA) under its newly-established Euro Medium Term Note (EMTN) program listed on the
Prof. Benedict Oramah recognised with the Financial Leadership Award
Accra: January 29, 2024: African Prosperity Network (APN) awarded Prof. Benedict Oramah, President and Chairman of the Board of Directors of African Export and Import Bank (Afreximbank or “the Bank”) with the Financial Leadership Award at their African Prosperity Dialogue gala dinner held on January 26, 2024. The Leadership Awards is an initiative of the
Afreximbank signs agreement to provide Cameroon with EUR 200-million facility to support National Development Strategy implementation
Yaoundé, 25 January 2024: – The African Export-Import Bank (Afreximbank) today in Yaoundé signed a EUR200 million financing facility to support the Government of Cameroon in the implementation of its National Development Strategy. Dr. George Elombi, Executive Vice-President, Governance, Legal and Corporate Services, signed the facility agreement on behalf of Afreximbank while Louis Paul Motaze, Minister
Afreximbank announces an initial disbursement of US$2.25 billion under a syndicated US$3.3 billion Crude Oil Prepayment Facility sponsored by the Nigerian National Petroleum Company Limited.
This landmark financing is the largest syndicated loan ever raised by Nigeria in the International market and one of the largest syndicated debts raised in Africa in recent years The Facility will enhance Nigeria’s macroeconomic stability and long-term economic growth Raising such a significant amount at year end when many financiers are closing their books
Afreximbank advocates for inclusive and just energy actions at COP28
Dubai, United Arab Emirates (UAE), 16 December 2023: – African Export-Import Bank (“Afreximbank”) recently concluded its participation at COP28 in Dubai, the United Arab Emirates, where the Bank reiterated its commitment to advancing the continent’s climate goals and sustainable development agenda. Against the backdrop of the official COP28 theme “Transforming climate finance, by delivering on old
Afreximbank’s President Oramah emerges FORBES AFRICA’s 2023 Person of the Year
Cairo, 03 December 2023: – The President of the African Export-Import Bank (Afreximbank), Prof. Benedict Oramah, today in Cairo received the FORBES AFRICA magazine 2023 Person of The Year award. At a well-attended award ceremony, which also included the unveiling of the cover for FORBES AFRICA’s December 2023/January 2024 edition featuring Prof. Oramah as Cover personality,