Algiers, 24 October 2024 – Afreximbank’s CANEX Prize for Publishing in Africa, a partnership between the CANEX Book Factory and the Narrative Landscape Press Limited announced Cassava Republic Press, Nigeria as its inaugural winner for the 2024 CANEX Prize for Publishing in Africa. The award, which celebrates excellence in African publishing, recognised Cassava Republic Press for
Afreximbank signs term sheet for US$3million facility for Mediwood Studios’ expansion
Algiers, 23 October 2024: – African Export-Import Bank (Afreximbank) and Mediwood Studios in Tunisia have signed a Term Sheet for a US$3 million facility aimed to Strengthen Mediwood’s position as a key contributor to the growth of the Tunisian film industry. As part of the agreement, signed on 19October 2024 on the sidelines of the
Afreximbank enters deal for EUR 245 million facility with NWTV for African sports broadcast rights acquisition
Algiers, 22 October 2024: – African Export-Import Bank (Afreximbank) has announced the signing of a EUR 245-million global facility with the New World Television (NWTV) network. The funding will part finance the network’s acquisition of media licensing rights for selected broadcasting sport copyrights from global media rights holders to permit broadcast across Africa. The facility
Afreximbank Acts as Joint Lead Manager on Ecobank Transnational Incorporated’s USD 400mn Senior Unsecured Note Issuance
Cairo, 21 October 2024 – African Export-Import Bank (“Afreximbank”) is pleased to announce that it has successfully acted as Joint Lead Manager and Bookrunner on a USD 400 million 10.125% Rule 144a/RegS senior unsecured note issuance by Ecobank Transnational Incorporated (“ETI”) due in October 2029. The proceeds of the note will fund general corporate purposes
Afreximbank announces aim to double CANEX funding to $2 billion to boost Africa’s creative economy
Algiers, 18 October 2024 – President and Chairman of the Board of Directors of Afreximbank, Professor Benedict Oramah, has announced that Afreximbank will increase its funding to the Creative Africa Nexus (CANEX) programme from $1 billion to $2 billion for the next three years. The announcement was made during the CANEX WKND 2024 opening ceremony
Afreximbank’s CANEX WKND 2024 kicks off in Algeria
Algiers, 16 October 2024 – The Creative Africa Nexus Weekend (CANEX WKND) 2024, a flagship initiative by African Export-Import Bank (Afreximbank) kicked off today, Wednesday 16 October 2024, marking a pivotal and significant moment for the cultural and creative industries in Global Africa. Ahead of the official opening, the President and Chairman of Board of
Enterprise Singapore partners with African Export-Import Bank to catalyse financing for Singaporean companies expanding to Africa
Cairo, Monday, 14 October 2024 Enterprise Singapore (EnterpriseSG) and African Export-Import Bank (Afreximbank) have signed an agreement to enhance access to financing for Singapore companies seeking to venture into Africa. This marks the first partnership between EnterpriseSG and a multilateral development bank[1], as part of the Enterprise Financing Scheme – Multilateral Development Banks (EFS-MDB). This
Afreximbank to Host 2024 Trade Finance Seminar and Factoring Workshop in Windhoek, Namibia
Cairo – Egypt, 10 October 2024 – African bankers, financiers, legal practitioners, insurers, and professionals from regulatory agencies and corporates, from across the African continent involved in trade finance will gather in Windhoek, Namibia, from 5 to 8 November for the annual Afreximbank Trade Finance Seminar (ATFS) and Factoring Workshop. The event will address critical
Afreximbank approves US$20.8 million for Starlink Global’s cashew factory project in Lagos
Cairo, 04 October 2024: – African Export-Import Bank (Afreximbank) has approved a US$20.8 million financing facility for Nigeria-based Starlink Global & Ideal Limited to enable the company construct and operate a 30,000-metric tonne per annum cashew processing factory in Lagos. According to the facility agreement signed in on July 22, 2024, Afreximbank will provide the
African fashion designers supported by Afreximbank’s Creative Africa Nexus (CANEX) shine at Paris Fashion week
Paris, 03 Oct. 2024: – Two weeks after the highly successful inaugural Tranoï Tokyo trade show held in Japan from September 4-5, 18 exceptional fashion brands from across Africa and the diaspora exhibited their designs at the Paris Fashion Week on 26-29 September at Tranoï, Palais Brongniart as part of Afreximbank’s CANEX Presents Africa initiative.
Fund for Export Development in Africa and Africa Finance Corporation power ARISE IIP’s US$443 Million capital raise
Dubai, 02 October 2024 — ARISE IIP, a leading pan-African developer and operator of world-class industrial parks, has announced a significant capital raise of US$443 million. The funding includes a strategic US$300 million investment from Afreximbank’s development impact investment arm, The Fund for Export Development in Africa (FEDA), securing Afreximbank’s FEDA a significant stake in
Afreximbank Joins Africa Collective & AfCFTA as Host Partner at Davos 2025
Switzerland, Davos, September 30, 2024: Africa Collective and the African Continental Free Trade Area (AfCFTA) Secretariat are happy to announce African Export-Import Bank (Afreximbank) as their Host Partner at Davos 2025, on the margins of the World Economic Forum. The strategic partnership between Afreximbank, Africa Collective and the AfCFTA Secretariat was borne out of a