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AFREXIMBANK
News and anlysis about AfreximBank
Ecobank Transnational Incorporated (ETI) has inked a $250 million senior unsecured bridge-to-bond loan facility, with African Export-Import Bank (Afreximbank) and Africa Finance Corporation (AFC)
The African Export-Import Bank (Afreximbank) says Nigeria is among the largest beneficiaries accounting for about 60% of its US$30 billion funding of the energy sector in Africa.
The naira traded near its all-time low despite improved liquidity.
The President of Afreximbank, Prof. Benedict Oramah, has been named FORBES AFRICA magazine 2023 Person.
Afreximbank has announced that about 43.7 billion dollars worth of trade and investment deals were sealed at the just concluded Intra-African Trade Fair (IATF2023) held in Egypt.
AfreximBank has announced a landmark memorandum of agreement (MoA) with King’s College, London to establish a medical and nursing school in Abuja, Nigeria.
At the Intra-African Trade Fair in Egypt Cairo, AfreximBank and Oando PLC, Nigeria’s leading indigenous energy solutions provider, signed an $ 800 million loan document to facilitate the company’s acquisition of 100% of the shares of the Nigerian Agip Oil Company (NAOC).
The African Export-Import Bank, Afreximbank, and United Bank for Africa (UBA) PLC signed a $150 million trade finance facility agreement, under the Ukraine Crisis Adjustment Trade Financing Programme for Africa.
The Africa Export-Import Bank has included 11 African central banks in its PAPSS, with plans for the rest to join by next year.
The Lagos State Government has signed a partnership with the African Export-Import Bank (Afreximbank) and Access Bank for an investment of $1.352 billion investment in long-term infrastructure projects in the state.
The AfCFTA has suggested that African countries have the potential to generate over $70 billion in trade activities.
The National Economic Council (NEC) has affirmed that the $3 billion emergency loan-for-crude oil that was secured by the Nigerian National Petroleum Company (NNPC) Limited in August would be deployed to stabilize the naira