Afreximbank

Afreximbank provides Egypt’s CIAF leasing with $44m aircraft financing facility

June 8, 2023 David Agba 0

The African Export-Import Bank (Afreximbank) has provided Egypt-based CIAF Leasing with a US$44-million aircraft financing facility for the acquisition of three Embraer E-190 aircraft to strengthen the company’s leasing operations. With Afreximbank as senior debt provider and the Brazilian National Development Bank (BNDES) providing an export credit funding line, the transaction enhances the capacity of the African aircraft lessor. In Read More

Africa needs a central bank to champion reforms – Afreximbank

April 5, 2023 Suleiman Idris 0

President and Chairman, Board of Directors of African Export-Import Bank (Afreximbank) Prof. Benedict Oramah said African governments need to accelerate the creation of the African Central Bank that help champion a continent-wide institutional reforms that will support an integrated banking and financial system. He proposed the creation of a Domestic Financial System (DFS) which he said would allow the continent Read More

Afreximbank partners Nigeria to develop inland waterways to facilitate intra-African trade

March 28, 2023 David Agba 0

African Export-Import Bank (Afreximbank) in its role as a systemically important and market-failure bank for Africa provided a grant of $350,000 and leveraged on its partnership with the Nigerian Export-Import Bank (NEXIM), the Federal Ministry of Transportation and the Nigerian Navy to facilitate the movement of goods using navigable waterways in Nigeria. In this regard, a major milestone in the Read More

AFC channels $800m to finance petroleum refining in Africa

March 16, 2023 Blessing Anaro 0

The African Finance Corporation (AFC) has deployed about $800 million towards supporting Africa’s refinery sector with an additional $210 million in its near-term pipeline. Cumulatively, the AFC and the African Export Import Bank (Afreximbank) are investing about $16 billion in oil and gas projects across Africa. Global Head, Client Relations at Afreximbank, Rene Awembeng, said the company’s oil and gas Read More

Afreximbank co-organises Zanzibar Trade, Investment forum

November 29, 2022 David Agba Abuja 0

The African Export-Import Bank (Afreximbank) has announced its support for The Zanzibar Trade and Investment Forum which will take place on 30 November-1 December. The Forum will showcase investment opportunities and projects in Zanzibar, facilitate B2B engagements, as well as encourage joint ventures, partnerships and business deals within the context of the African Continental Free Trade Area. This conference builds Read More

Afreximbank co-organises fhe Zanzibar Trade and Investment Forum

November 29, 2022 David Agba Abuja 0

The African Export-Import Bank (Afreximbank) has announced its support for The Zanzibar Trade and Investment Forum which will take place on 30 November-1 December. The Forum will showcase investment opportunities and projects in Zanzibar, facilitate B2B engagements, as well as encourage joint ventures, partnerships and business deals within the context of the African Continental Free Trade Area. This conference builds Read More