Accra, 23 June 2023: The African Export-Import Bank (Afreximbank) and Al-Mahaliya Inc. of Mauritania recently signed a EUR 19.6 million financing agreement for the development of a 100-metric tonnes per day dairy processing and bottling plant in Nouakchott. The agreement, signed on the sidelines of the 30th Afreximbank Annual Meetings (AAM2023), is expected to boost the local
Afreximbank and UTM Offshore to develop Floating LNG project in Nigeria
ACCRA, 23 JUNE 2023: The African Export-Import Bank (Afreximbank) and UTM Offshore Limited signed a Project Preparation Facility Agreement to develop, design, and construct Nigeria’s first indigenously owned Floating LNG facility with a nameplate production capacity of 1.2 million metric tons per annum in Akwa Ibom State, Nigeria. The agreement was signed on the side lines
Afreximbank and President Oramah Awarded at the Prestigious All Africa Business Leader Awards
Sun City, South Africa, 23rd June 2023 – At the 11th All Africa Business Leaders Awards (AABLA) held in South Africa, Afreximbank was named “African Company of the year” andPresident and Chairman of the Board of Directors, H.E Professor Benedict Oramah was recognized as the “Business Leader of the Year”. The award’s finale was celebrated
Afreximbank launches Africa Trade Gateway, a single window for digital services
Accra, 21 June 2023: – The African Export-Import Bank (Afreximbank), in collaboration with the AfCFTA yesterday in Accra launched the Africa Trade Gateway (ATG), a suite of five digital platforms that have been designed as a single window to enable the Bank better deliver on its mandate by providing critical services to support and promote African
ARIISE, Afreximbank sign term sheet for US$400 million facility for industrial parks
Accra, 19 June 2023: – The African Export-Import Bank (Afreximbank) and ARISE Integrate Industrial Platforms (ARISE IIP) today in Accra signed a term sheet for a US$400 million tranche under a proposed US$1 billion global credit facility to support ARISE IIP in the development of industrial parks and Special Economic Zones (SEZs) in several African countries
Titans of business recognised at the Afreximbank Pan-African Business and Development Awards
– The inaugural awards ceremony comes as African Export-Import Bank (Afreximbank) celebrates its 30th anniversary this year – Aliko Dangote GCON, Chairman & CEO of Dangote Group wins the Afreximbank Founder of the Year Award having recently opened his $19bn petrochemicals plant and Africa’s largest refinery – Ethiopian Airlines, which distributed critical medical equipment and
Afreximbank launches Insurance subsidiary to support intra-African trade
Accra, 18 June 2023: – The African Export-Import Bank (Afreximbank) today in Accra launched its wholly owned insurance management services subsidiary, AfrexInsure, with a commitment to provide a single-entry point for all specialty insurance needs to assist in optimally managing related risks for the trade and commerce sector in Africa. Established in 2021, AfrexInsure is set
Afreximbank’s Annual Meetings 2023 opens in Accra with calls for more intra-African trade
Accra, 18 June 2023: – The 30th Annual General Meetings of the African Export-Import Bank (Afreximbank) opened in Accra today with speakers highlighting the need for Africa to boost intra-African trade and integration in the face of the challenges resulting from the impact of the global COVID-19 pandemic and the adverse economic challenges due to the Ukraine
Afreximbank launches Insurance subsidiary to support intra-African trade
Accra, 18 June 2023: – The African Export-Import Bank (Afreximbank) today in Accra launched its wholly owned insurance management services subsidiary, AFREXInsure, with a commitment to provide a single-entry point for all specialty insurance needs to assist in optimally managing related risks for the trade and commerce sector in Africa. Established in 2021, AFREXInsure is
São Tomé and Príncipe Accedes to the Establishment Agreement for Afreximbank’s Fund for Export Development in Africa (FEDA)
Kigali, 15 June 2023: The Fund for Export Development in Africa (FEDA), the development impact-focused subsidiary of the African Export-Import Bank (Afreximbank), has announced that Democratic Republic of São Tomé and Príncipe has become the latest country to sign the FEDA Establishment Agreement. The accession to the agreement, achieved under the guidance of Prime Minister
Afreximbank’s African Medical Centre of Excellence wins Best Health Deal Award.
London, 14 June 2023: – The African Medical Centre of Excellence (AMCE), under development by the African Export-Import Bank (Afreximbank) in Abuja, Nigeria, has received the award for the Best Health Deal in the Europe, Middle East, and Africa (EMEA) region. The award, presented at the 15th Annual EMEA Finance Achievement and Project Awards Charity
Afreximbank Provides Egypt’s CIAF Leasing with US$44 million Aircraft Financing Facility
Cairo, 7 June 2023: – The African Export-Import Bank (Afreximbank) has provided Egypt-based CIAF Leasing with a US$44-million aircraft financing facility for the acquisition of three Embraer E-190 aircraft to strengthen the company’s leasing operations. With Afreximbank as senior debt provider and the Brazilian National Development Bank (BNDES) providing an export credit funding line, the transaction