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
Agence Française de Développement and African Export-Import Bank sign a EUR 150 million framework of intent to support vaccination against COVID-19 and inclusive and sustainable development in Africa
Cairo, 13 January 2022 Agence Française de Développement (AFD) and African Export-Import Bank (Afreximbank) signed on 9 December 2021 a 150-million-euro framework of intent to support the African Vaccine Acquisition Trust (AVAT) in its efforts to open up access to COVID-19 vaccines to African states based on a whole-of-Africa approach, while working together to provide
Afreximbank and the National Bank of Egypt commit to drive investments and enhance trade in the country
Cairo, 11 January 2022 – African Export-Import Bank (Afreximbank) and the National Bank of Egypt (NBE) have signed a Memorandum of Understanding (MOU) to promote trade and investment flows into Egypt. Under the MoU signed on 17 November 2021 in Durban at the Intra-African Trade Fair, the two institutions agreed to broaden and deepen their
Afreximbank raises US$1.2 billion in Syndicated Loan
African Export-Import Bank (Afreximbank) on 21 December 2021 successfully concluded a new three-year Syndicated Term Loan Facility, raising US$1.2 billion. Proceeds from the facility will be used to refinance existing facilities, general corporate purposes and for the payment of fees and costs associated with the Facility. Launched on 25 November 2021 to a limited group
Africa’s creative and cultural industries fly high at the IATF 2021 Creative Africa Nexus Summit
Durban, 24 December 2021 – The Creative Africa Nexus (CANEX) Summit and Live Theatre Programme that took place over 5 days at the second Intra-African Trade Fair 2021 (IATF 2021) holding between 15-21 November 2021 in Durban, KwaZulu-Natal, South Africa was a historical milestone for Africa’s creative and cultural industries. Organised by African Export
JCR Rating Agency Ltd. Announces Afreximbank International-Scale Long Term Issuer Rating of A-
Cairo, 20 December 2021 – African Export-Import Bank (Afreximbank) has received an inaugural international-scale long term issuer rating of A- with a stable outlook from the Japan Credit Rating Agency (JCR). The rating reflects the strong support that Afreximbank receives from its shareholders, its preferred creditor status, its solid earnings capacity, and the crucial role