Afreximbank and First Bank of Nigeria(FBN) have signed a 200 million dollar facility agreement for financing the needs of FBN’s numerous clients. The signing took place at the ongoing 31st Afreximbank Annual Meetings (AAM2024) in Nassau, The Bahamas, on Friday.…
The African Export-Import Bank (Afreximbank) has bagged six awards at the recently concluded 2024 Bonds, Loans and ESG Capital Markets Africa Awards in South Africa. This is contained in a statement signed by Vincent Musumba, Manager, Communications and Events, Afeximbank,…
The African Export-Import Bank (Afreximbank) has partnered Sterling Bank to introduce an innovative supply chain finance product ‘Payables Finance,’ in Nigeria. This is contained in a statement issued by Manager, Communications and Events, Afreximbank, Vincent Musumba, on Friday. The statement said…
Cassa Depositi e Prestiti S.p.A (CDP) Italy, the official Italian financial institution for international development cooperation and Africa Export-Import Bank (Afreximbank) have signed a new financing facility worth €100 million to support the Bank’s interventions in food security and climate-smart…
The African Export-Import Bank (Afreximbank), says Nigeria is among the largest beneficiaries accounting for about 60 per cent of its US$30 billion funding of the energy sector in Africa. The Afreximbank said it has been able to make modest contributions…
The African Export-Import Bank and the United Bank for Africa have disbursed $2.25 billion of the $3.3 billion oil-for-cash loan facility arranged by the Nigerian National Petroleum Company Limited. In a statement from UBA over the weekend, an initial disbursement…
Oyo state has signed an agreement withAfreximBank and Access Bank to enable Oyo State and other states in Nigeria have access to a N500 billion facility for infrastructure development. This is as Governor assured Foreign and local investors desirous of investing in…
Ogun State is to benefit from a N500 billion financial support being packaged by the African Export-Import Bank (Afreximbank) in conjunction with Access Bank. The Gateway state is to benefit from the fund along with three other states in the…
The African Export-Import Bank (Afreximbank) says it is set to inaugurate the African Energy Bank in June 2024 to mitigate the crisis in the African energy sector. The bank disclosed this during a session on “Africa’s Energy Transition and Financing,”…
Africa’s Global Bank, United Bank for Africa (UBA) Plc, has received a trade finance facility worth $150million from the African Export-Import Bank The facility forms part of Afreximbank’s Ukraine Crisis Adjustment Trade Financing Programme for Africa (AKAFPA), and the signing…
