…First tranche of $150m disbursed in October African Export-Import Bank (Afreximbank) has approved a $200 million Corporate Finance Facility in favour of BUA Industries Limited (BIL) to support its expansion plans. BIL is a Nigerian conglomerate with diversified business interests…
In a move to strengthen Africa’s agricultural sector, Afreximbank, the African Continental Free Trade Area (AfCFTA) Secretariat, and the World Food Programme (WFP) have signed a three-year Memorandum of Understanding (MoU) to support African farmers, agro-processors, and commodity traders with…
In a significant move to bolster Nigeria’s economic prospects, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, held a key meeting with Afreximbank’s President, Benedict Oramah on the sidelines of the World Bank-IMF Annual…
The African Export-Import Bank (Afreximbank) is set to invest $200 million in Nigeria’s creative industry, a statement from the Ministry of Arts, Culture, and Creative Economy has revealed. In a statement issued yesterday, the ministry announced that this investment was…
On the sidelines of the 6th AU Mid-Year Coordination Meeting of the African Union, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun held bilateral talks with President of Afreximbank, Dr. Benedict Okey Oramah. The…
By Esther Agbo The Sterling One Foundation has announced its partnership with the African Export-Import Bank (Afreximbank) for the third edition of the Africa Social Impact Summit (ASIS), scheduled for July 25-26, 2024, in Lagos, Nigeria. This collaboration aims to…
African Export-Import Bank (Afreximbank) has announced the launch of an innovative capacity development program designed to empower African corporates to capitalise on the opportunities presented by the African Continental Free Trade Area (AfCFTA). This initiative, spearheaded by Afreximbank Academy (AFRACAD)…
Shareholders of the African Export-Import Bank (Afreximbank) have approved an increase in the authorised share capital from five billion dollars to 25 billion dollars. A statement issued by Vincent’s Musumba, Afreximbank’s Manager, Communications and Events on Wednesday, said the increase…
African Export-Import Bank has signed a Memorandum of Understanding (MoU) with the World Trade Organisation (WTO) to amplify the impact of their strategically aligned joint efforts of promoting global trade. A statement issued by Vincent Musumba, Afreximbank’s Manager, Communications and…
The federal government has announced a $3.5 billion agreement with Afreximbank to enhance the textile industry and promote the use of Compressed Natural Gas (CNG) vehicles, among other initiatives. The Minister of Industry, Trade and Investment, Doris Uzoka-Anite, made this…
