Cairo, 23 February 2022 – As part of the EU-AU Summit held in Brussels from 17 to 18 February, Rémy Rioux, Director General of AFD, and Professor Benedict Oramah, President of Afreximbank, sealed a strategic partnership between AFD and Afreximbank. A first 50 M€ financing agreement for the support to vaccination against Covid-19 on the
Afreximbank to advance Zanzibar’s development agenda
Cairo, 21 February 2022 – African Export-Import Bank (Afreximbank) and the Revolutionary Government of Zanzibar have agreed to collaborate to industrialize and diversify Zanzibar’s economy by pursuing a sustainable and inclusive economic growth underpinned by a robust blue economy with cross linkages to priority sectors
Afreximbank signs EUR250 million loan agreement with KfW, acting on behalf of German Federal Ministry for Economic Cooperation and Development (BMZ)
Cairo, 17 February 2022 – African Export-Import Bank (Afreximbank) is delighted to announce the signing of a loan agreement of an amount of EUR 250 million with the German Development Bank KfW, acting on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ). The loan will support the Bank’s Covid-19 intervention programme,
Registration Opens For 2022 Certificate of Trade Finance In Africa Programme
Cairo, 16 February 2022: – African Export-Import Bank (Afreximbank), in collaboration with the FCI, Quarterback and American University in Cairo, announces the opening of registration for the 7th cohort of the Certificate of Trade Finance in Africa (COTFIA 2022) programme.
Afreximbank’s Advisory & Capital Markets Division (“ACMA”) acts as Global Coordinator and Active Bookrunner on Nigeria’s Bank of Industry EUR 700 million 5-year 144A/RegS Debut Eurobond Issuance
Cairo, 16 February 2022: – On 9th February 2022, the Advisory & Capital Markets (“ACMA”) Division of African Export-Import Bank (“Afreximbank” or the “Bank”) acted as Global Coordinator and Active Bookrunner to Nigeria’s Bank of Industry (“BOI” or the “Issuer”) on its EUR 700 million 144A/RegS 5-year Senior Eurobond Issuance.
AfCFTA Secretariat and Afreximbank sign an agreement for the management of the AfCFTA Adjustment Fund
Cairo (Egypt), 9 February 2022: – The African Continental Free Trade Area (AfCFTA) Secretariat and African Export-Import Bank (Afreximbank), today in Cairo signed an Agreement relating to the management of the Base Fund of the AfCFTA Adjustment Fund.
Afreximbank signs an MoU with the National Bank of Ethiopia to support Ethiopian Commercial Banks, Corporates, and Public Sector Entities
Addis Ababa, 08 February 2022: – African Export-Import Bank (Afreximbank) and the National Bank of Ethiopia (NBE) have signed a Memorandum of Understanding (MoU) to harmonise their efforts for the promotion of trade and investment flows between Ethiopia and other African countries.
Banque Misr invests paid-in amount of USD 80.5 million in Afreximbank’s General Capital Increase and becomes the largest non-sovereign shareholder
Cairo, 07 February 2022: – Banque Misr has announced an investment of US$201.1 million in African Export-Import Bank (Afreximbank), of which US$80.5 million is paid-in. The investment has made Banque Misr the largest non-sovereign shareholder of Afreximbank. This equity investment is a positive and strategic response to the ongoing General Capital Increase by Afreximbank. Banque
Afreximbank’s Fund for Export Development in Africa (FEDA) invests in Mauritania’s leading FMCG company TND SA to develop local poultry and dairy production
Kigali, 7 February 2022: – African Export-Import Bank (Afreximbank) has announced an investment by the Fund for Export Development in Africa (FEDA), its development impact-oriented subsidiary, into TND SA, a leading FMCG Company in Mauritania. This investment will help to diversify TND’s business beyond importation to include integrated manufacturing of dairy and poultry products, in
Afreximbank’s Fund for Export Development in Africa (FEDA) invests in Ecow-Gas to promote LNG distribution in West Africa
Kigali, 3rd of February 2022: – Fund for Export Development in Africa (FEDA), a development impact-oriented subsidiary of African Export-Import Bank (Afreximbank), has announced that it has invested into Ecow-Gas B.V. (Ecowgas), a Liquefied Natural Gas (LNG) distribution infrastructure platform in the West Africa region. Due to limited power supply from the grid, the industrial
Afreximbank closes landmark EUR 200 million and USD 166 million dual-tranche facility for Uganda
Cairo, 27 January 2022 – African Export Import Bank (Afreximbank) has concluded a landmark 10-year, dual tranche facility of €200 million and US$166 million for the Government of Uganda. The transaction was structured using the Bank’s innovative specialised finance solution, introduced to facilitate access to long term finance by African sovereigns and other eligible entities.
Pan-African Payment and Settlement System Launched by President Akufo-Addo Foreseeing $5 billion Annual Savings for Africa
Accra, 13 January 2022: – Ghana President H.E Nana Addo Dankwa Akufo-Addo, represented by the Vice President H.E Dr. Mahamudu Bawumia today in Accra, hosted and presided over the commercial launch of the Pan-African Payment and Settlement System (PAPSS), observing that the ground-breaking platform will save Africa more than US$5 billion annually in payment transaction