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Afreximbank
Source: Afreximbank |

Oando PLC Joins Afreximbank’s AfrexInsure Portfolio

The subsidiary provides comprehensive and tailored solutions that secure assets

AfrexInsure, the wholly-owned Specialty Insurance Subsidiary of African Export-Import Bank (“Afreximbank” or the “Bank”) (www.Afreximbank.com), has announced its onboarding of Oando PLC as one of its strategic clients, further strengthening the business relationship between Oando PLC and the Bank. With Oando on board its clientele portfolio, this new development aligns with…

Afreximbank

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    • Launch of the Trans-Africa Bond Alliance (TABA) in Nairobi on 28th March 2025
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Source: Afreximbank |

Afreximbank and Zep-Re launch the Trans-Africa Bond Alliance (TABA)

The alliance will harmonize trade practices and introduce a standardised framework that ensures secure, predictable, and efficient trade movement

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) and Zep-Re (PTA Reinsurance Company) today launched the Trans-Africa Bond Alliance (TABA), a transformative initiative, designed to bridge the insurance capacity gap and empower African contractors to secure more construction and procurement projects while boosting cross-border trade and enhancing the movement of goods and investment…

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    • At the Barbados AATC groundbreaking, from right to left: Hon. Mia Amor Mottley, Prime Minister of Barbados (6th), Dr. Carla Barnett, CARICOM Secretary-General (5th), Prof. Benedict Oramah, President & Chairman of Afreximbank (4th), and Hon. Dickon Mitchell, Prime Minister of Grenada (3rd), alongside Afreximbank’s executive leadership and Barbados government officials
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Source: Afreximbank |

Afreximbank breaks ground on historic state-of-the-art Afreximbank African Trade Centre (AATC) in Barbados, first outside Africa

This groundbreaking event marks the official commencement of construction for this historic project and is a significant step in Barbados and CARICOM’s journey towards economic advancement and regional integration

African Export-Import Bank (Afreximbank) (www.Afreximbank.com/), Africa’s leading Multilateral Financial Institution, made history today when it broke ground on its first-ever state-of-the-art Afreximbank African Trade Centre (AATC) in the Caribbean, marking a pivotal moment for trade relations between Africa and the CARICOM region. The US$180 million Barbados AATC, the first to…

Afreximbank
Source: Afreximbank |

Afreximbank Acts as Joint Global Coordinator on Arab Bank for Economic Development in Africa (BADEA)’s second EUR 750mn Senior Eurobond due 2028

Afreximbank, through its Advisory and Capital Markets (ACMA) department, acted as Joint Global Coordinator and Joint Lead Manager to BADEA on this bond transaction for the second consecutive time alongside international banking partners

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has successfully acted as Joint Global Coordinator and Joint Lead Manager on second EUR 750 million RegS-only senior Eurobond issuance by the Arab Bank for Economic Development in Africa (“BADEA”) due March 2028 under its existing Euro Medium-Term Note (EMTN) programme listed on London Stock…

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    • Afreximbank and Somalia government officials pose for a photo following an official visit by the Bank to the country
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Source: Afreximbank |

Somalia joins Afreximbank as it seeks to boost Intra-African trade and economic growth

Somalia’s membership of Afreximbank is a significant milestone that places the country on a path of sustainable economic transformation, upgrading of the country’s trade and industrial infrastructure

Somalia has formally acceded to the Establishment Agreement of African Export-Import Bank (Afreximbank) (www.Afreximbank.com), becoming the 53rd African member state of the African multilateral financial institution and bringing the Bank closer to its goal of broadening its product offerings to all parts of the continent.   In the instrument of accession…

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    • Creative Africa Nexus (CANEX) announces 2nd Edition of The Prize for Publishing in Africa (1)
    • Creative Africa Nexus (CANEX) announces 2nd Edition of The Prize for Publishing in Africa (2)
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Source: Afreximbank |

Creative Africa Nexus (CANEX) announces 2nd Edition of The Prize for Publishing in Africa

The prize is open to trade books published by Africa-domiciled publishers in the year preceding the prize, in one or more of the official languages of the African Union: Arabic, English, French, Portuguese, Spanish, Swahili, and any other African language

Creative Africa Nexus (CANEX), an intervention by African Export–Import Bank (Afreximbank) (www.Afreximbank.com) invites African publishers of trade books to apply for the second edition of the CANEX Book Factory Prize for Publishing in Africa. The initiative, developed in partnership with Narrative Landscape Press Limited, underscores the commitment of Afreximbank through…

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    • Deputy Chairman of the IATF Advisory Council and former President of Afreximbank, Mr. Jean Louis-Ekra (in the middle), Algeria’s Minister of External Trade and Export Promotion, Hon. Mohammed Boukhari (second right), Mrs. Kanayo Awani, Executive Vice President Intra-African Trade and Export Development at Afreximbank (second left) and Mr. Albert Kan-Dapaah, representing H.E. Wamkele Mene, Secretary-General of the AfCFTA Secretariat (left) and Ms. Salma Mansouri, Secretary of State, for African matters, Republic of Algeria (right)
    • Algeria steps up preparations for the Intra-African Trade Fair 2025 (IATF2025) as six-month countdown starts
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Source: Afreximbank |

Algeria steps up preparations for the Intra-African Trade Fair 2025 (IATF2025) as six-month countdown starts

IATF is a platform for boosting trade and investment in Africa and aims to tap into opportunities from AfCFTA’s single market of over 1.4 billion people and a GDP of over US$3.5 trillion

Preparations are on course for the Intra-African Trade Fair 2025 (IATF2025), Africa’s premier trade and investment event that will be held in Algiers, Algeria from 4th to 10th September 2025. With only six months to go until IATF2025, the Government of the People’s Democratic Republic of Algeria in conjunction with…

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    • FEDA Chief Executive Officer, Marlene Ngoyi with Ambassador Philip Rukikaire, Head of Regional Peace and Security Department at the Ministry of Foreign Affairs, Uganda
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Source: Afreximbank |

Uganda joins Afreximbank’s Fund for Export-Development in Africa (FEDA) as 21st Member State

Over the past four years, Afreximbank has approved over $813 million in financing for Uganda’s public and private sectors, with a pipeline in exceeding US$ 1 billion in pending approvals

The quest to broaden the scope of interventions by the Fund for Export-Development in Africa (FEDA), African Export-Import Bank’s (Afreximbank) (www.Afreximbank.com) development impact investment arm, into all corners of the continent reached a major milestone today with the signing of the Fund’s Establishment Agreement by Uganda. With Uganda’s accession, FEDA…

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    • Image on the left: Mr. Paul Russo, Group Managing Director of KCB; Mr. Mike Ogbalu, CEO of PAPSS; Hon. Lee Kinyanjui, Cabinet Secretary Ministry of Investments, Trade and Industry, during the KCB launch event of PAPSS in Nairobi on 27th of February. Image on the right: Mr. Mike Ogbalu, CEO of PAPSS and Dr. Diane Karusisi, CEO of Bank of Kigali, during the Bank of Kigali launch event of PAPSS in Kigali on the 26th of February
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Source: Afreximbank |

KCB Group and Bank of Kigali launch Pan-African Payment and Settlement System (PAPSS), enabling seamless and affordable cross-border payments across Africa

With this launch, businesses and individuals can benefit from faster, more cost-effective, and secure payments without relying on correspondent banks or third-party currencies

The Pan-African Payment and Settlement System (PAPSS), launched by African Export-Import Bank (Afreximbank) (www.Afreximbank.com) in collaboration with the African Union Commission (AUC) and the African Continental Free Trade Area (AfCFTA) Secretariat, has recorded a significant milestone in its journey towards enhancing financial integration and economic prosperity across Africa with the…

Afreximbank
Source: Afreximbank |

ARISE IIP secures $450 million Afreximbank facility for industrial parks, Special Economic Zones development

ARISE IIP will deploy the remaining US$ 150 million to develop an industrial park in Lilongwe, Malawi, and as trade finance for the activities of its export trading company in Malawi under Afreximbank’s Export Agriculture for Food Security initiative

In a significant move aimed at boosting industrial development across Africa, African Export-Import Bank (Afreximbank) (www.Afreximbank.com) signed a US$450 million global credit facility with ARISE IIP, the leading pan-African developer and operator of world-class industrial parks. This financing will support the development of industrial parks and Special Economic Zones (SEZ),…