17th October 2023 – The Fund for Export Development in Africa (“FEDA”), Afreximbank’s impact investment subsidiary, has announced an investment into Cabinda Oil Refinery, an integrated modular oil refining platform in Angola being developed by Gemcorp Holdings (“Gemcorp”) in Joint Venture with Sonangol. Cabinda Oil Refinery is a 60,000 barrel per day (bpd) high conversion refinery, with a first

Marrakech, Morocco – 16th October 2023: Africa will need a system to discover and nurture entrepreneurial talents to grow its economy and create jobs for its young population. This recommendation was made by Jim Clifton, chairman of the globally renowned polling and analytics firm, Gallup, when he delivered the 7th annual Babacar Ndiaye lecture on 14th October

Marrakech, Morocco, 15 October 2023: – African Export-Import Bank (Afreximbank) has entered into a memorandum of understanding (MoU) with the Government of Morocco, represented by the Ministry of Economy and Finance, to develop a US$1billion Morocco-Africa Trade and Investment Promotion programme. According to the terms of the MoU, the programme shall aim to facilitate and guide

Cairo, 13 October 2023: – African Medical Centre of Excellence (AMCE Abuja) established by Afreximbank, has held its inaugural board meeting in Cairo, Egypt on October 6, 2023. AMCE Abuja, a landmark and visionary initiative by African Export-Import Bank (Afreximbank), entails the implementation and operationalization of a 500-bed quaternary level medical facility that will offer

Kigali, Rwanda, 6 October 2023 – Following the mandate by the African Union (AU) Summit of Heads of State and Government and the AfCFTA Council of Ministers responsible for Trade , Afreximbank and the AfCFTA Secretariat were mandated to establish and operationalise the AfCFTA Adjustment Fund through a General Partnership – the AfCFTA Adjustment Fund Corporation –

Brazzaville, 03 October 2023: – H.E. President Denis Sassou Nguesso of the Republic of Congo conferred one of the country’s most prestigious national honours, the Officer of the Congolese Order of Merit, on Prof. Benedict Okey Oramah, President & Chairman of the Board of the African Export-Import Bank (Afreximbank), and Dr. George Elombi, the Executive

Brazzaville, 2 October 2023: – The African Export-Import Bank (Afreximbank) in Brazzaville signed an agreement to provide a $300 million facility to Trident OGX Congo in a transaction expected to raise the Republic of Congo’s crude oil production by an estimated 30 per cent. Signed by Ibrahima Bagarama, Regional Chief Operating Officer – Central Africa,

Algiers, Algeria – 29 September 2023 – “It Is time for Africa to take her destiny in her own hands and to determine her own developmental agenda. However, doing so will not be easy. It will require commitment, courage, and deliberate action. Traders need to seek out new market opportunities rather than the conventional route of

New York, 25 September 2023: – The African Export-Import Bank (Afreximbank) has called on African countries to prioritise the development of public and private export trading companies (ETCs) in order to position the continent’s small and medium enterprises (SMEs) to participate effectively in global trade. In an address to the Africa International Exhibition, which opened yesterday

Cairo, 19 September 2023 – African Export-Import Bank (Afreximbank) has today announced a $500,000 donation to provide immediate humanitarian relief to the Kingdom of Morocco and especially towards the hard-hit regions of Al Haouz, Chichaoua, Taroudant, Amizmiz and Marrakesh, following the devastation caused by a massive magnitude 6.8 earthquake. The earthquake is the strongest to hit

Lagos, Nigeria – 13 September 2023 “Independence is only the prelude to a new and more involved struggle for the right to conduct our own economic and social affairs” – Kwame Nkrumah, Pan-Africanist and father of African independence.  “This statement made over 60 years ago continues to ring true today. It underlines the position that

Cairo, 12 September 2023: – African Export-Import Bank (“Afreximbank” or the “Group”) has released the consolidated financial statements of the Bank and its subsidiaries, for the half year ended 30 June 2023. The results demonstrate a strong and resilient performance, which was ahead of expectations.  Afreximbank Group’s total balance sheet assets grew by 8% from US$27.9