17th November 2022 – The Fund for Export Development in Africa (FEDA) has announced a $85 million investment into ARISE Integrated Industrial Platforms (ARISE IIP), the pan-African infrastructure developer and operator. This deal demonstrates the confidence of FEDA in ARISE IIP’s development strategy. The investment agreement was concluded on 16 November 2022 in London, between Marlène Ngoyi, CEO of
The Liquidity and Sustainability Facility (LSF) closes inaugural $100 million repo transaction at COP27 with Afreximbank and Citi to improve the liquidity of African sovereign bonds, relying on innovative Triparty infrastructure developed with BNY Mellon and White & Case
Sharm El–Sheikh, Egypt, 14 November 2022 – The Liquidity and Sustainability Facility (LSF) designed by the United Nations Economic Commission for Africa (ECA), in collaboration with African Export-Import Bank (Afreximbank), announces at COP 27 it has concluded its inaugural repo transaction with Citi for an amount of USD 100 million. This innovative transaction, with funding
Africa’s just transition demands a just formula guided by African priorities
Sharm El Sheikh, Egypt, 14 November, 2022 – Access to energy is a catalyst for development anywhere in the world. In Africa, energy poverty has been a major constraint not just to economic development but increasingly to trade. “These constraints can only be addressed if there is access to energy, and the energy gap is closed.
Afreximbank conducts business forum in Namibia
Cairo, 14 November 2022 – African Export-Import Bank (Afreximbank), in collaboration with the Namibia Trade Forum and the Ministry of Industrialisation and Trade, hosted a business forum in Windhoek, engaging various trading partners and stakeholders on its mandate to provide financial support, establish partnerships and oversee projects implementation processes. Afreximbank’s representatives introduced the business sector
Afreximbank asserts Africa’s common position at COP27
Sharm El–Sheikh, Egypt, 14 November 2022: The hosting of the COP27 conference in Africa signifies a unique opportunity for the continent to assert its needs, challenges and outlooks, and most significantly to drive the African Position on just transition. Historically this conference, focused on climate change and its humanitarian ramifications, has marginalized Africa – whose
Afreximbank pledges to help bridge Africa’s Climate finance gap
Sharm El–Sheikh, Egypt, 12 November 2022 – African Export-Import Bank (Afreximbank) has pledged to support Africa to bridge the USD250 billion climate finance gap in collaboration with other African financial institutions. Speaking at the ongoing COP27 Conference hosted by the Arab Republic of Egypt in Sharm El Sheikh, Denys Denya Afreximbank’s Executive Vice President –
Afreximbank facilitates Nigerian regulators’ factoring study tour in Egypt
Cairo, 10 November 2022 – As part of its factoring capacity building initiative and advocacy efforts for the creation of a conducive legal and regulatory infrastructure in support of factoring, African Export-Import Bank (Afreximbank) was pleased to facilitate a factoring study tour for Nigerian regulators and stakeholders in Egypt. The objective of the tour was
Afreximbank signs Memorandum of Understanding with the Bank of Industry to promote trade and investment flows in Nigeria
Abidjan, Cote d’Ivoire 5 November 2022 – African Export-Import Bank (Afreximbank) is pleased to announce that it has signed a Memorandum of Understanding with the Bank of Industry (BOI) for the establishment of a Joint Project Preparation Facility (JPPF) that will provide early-stage project preparatory financing and technical support services to public and private sector entities
Afreximbank announces US$1.5 Billion Financing programme to Botswana
Gaborone, Botswana, 4 November 2022 – African Export-Import Bank (Afreximbank) has announced a historic lending arrangement to Botswana, in the form of a three-year Country Programme of up to US$1.5 billion(on a net basis), with funding for up to seven years for eligible transactions. The financing package has been designed to support key strategic projects
Afreximbank signs deal with Silverbird Entertainment for the construction of a world class film and studio complex in Nigeria
Abidjan, Côte d’Ivoire 3 November 2022 – African Export-Import Bank (Afreximbank) andthe Silverbird Group today signed a partnership agreement on the side-lines of the Africa Investment Forum to build West Africa’s largest and most modern educational and film studio complex in Lagos, Nigeria. The Partnership was signed by Mrs. Helen Brume, Director Project & Asset-Based
Afreximbank, EFF and FCI co-host workshop on promotion of factoring in Africa
Cairo, Egypt; 3 November 2022 – African Export-Import Bank (Afreximbank), Egyptian Factoring Federation (EFF) and FCI co-hosted a regional promotion workshop in Cairo, Egypt on 24 October 2022 on factoring and receivables finance in partnership with the Financial Regulatory Authority (FRA). The workshop was themed “Empowering Sustainable Trade Flows with Factoring – Facilitation of Egyptian Trade
Afreximbank co-hosts Webinar on Intra-African Trade and Investment with the East African Business Council
Arusha, Tanzania, 31 October 2022– African Export-Import Bank (Afreximbank) hosted a webinar on intra-African trade and investment on 20 October 2022, alongside the East African Business Council (EABC). The conversation addressed key challenges confronting African businesses when approaching intra-African trade, recognizing that 80% of Africa’s small businesses have no access to trade finance and over