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Afreximbank

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    • IATF Roadshow Kenya
    • South Africa Accelerates Drive to Expand Intra-African Trade through African Continental Free Trade Area (AfCFTA)
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Source: Afreximbank |

South Africa Accelerates Drive to Expand Intra-African Trade through African Continental Free Trade Area (AfCFTA)

As reported in Afreximbank’s 2024 African Trade Report, South Africa exported $29.6 billion and imported $9.6 billion from African partners, with intra-African exports comprising 26.8% of total exports

South Africa has reaffirmed its commitment to harnessing the African Continental Free Trade Area (AfCFTA) to unlock new growth opportunities for local businesses and strengthen regional integration. Opening the IATF2025 South Africa Business Roadshow in Johannesburg, Mr. Humphrey Nwugo, Regional Director (Southern Africa) at Afreximbank (https://www.Afreximbank.com/), emphasised the urgency of…

Afreximbank

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    • Prof. Benedict Oramah, Afreximbank's President and Chairman of the Board of Directors and Dieudonné Evou Mekou, President of BDEAC display folders containing the signed agreements
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Source: Afreximbank |

Banque de Développement des États de l'Afrique Centrale (BDEAC) secures EUR 100-million trade finance facility from Afreximbank

Prof. Benedict Oramah, Afreximbank's President and Chairman of the Board of Directors, signed for the Bank, while Dieudonné Evou Mekou, President of BDEAC, signed for his organization

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has signed an agreement to provide the Banque de Développement des États de l'Afrique Centrale (BDEAC) with EUR 100-million trade finance facility to support critical regional integration projects in the Central African Economic and Monetary Community (CEMAC). The facility would also support the upgrading of…

Afreximbank
Source: Afreximbank |

Afreximbank acts as global coordinator and mandated lead arranger for $1.6bn facility for Suriname’s Staatsolie

The proceeds of the facility will support Staatsolie in partially refinancing existing debt and funding its 20 per cent working interest in the GranMorgu upstream offshore oil project

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has acted as global coordinator and joint mandated lead arranger for a senior secured term loan facility amounting to US$1.6 billion, in favour of Staatsolie Maatschappij Suriname N.V. (Staatsolie), Suriname’s state-owned energy company, in a major boost to the country’s GranMorgu upstream offshore oil project. Afreximbank,…

Afreximbank

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    • The Secretary General of the African Continental Free Trade Area (AfCFTA) Secretariat, H.E. Wamkele Mene (fifth left) poses with Afreximbank’s Group Chief Economist & Managing Director, Research, Dr. Yemi Kale (fifth right) and other dignitaries during the Ghana IATF2025 Business Roadshow in Accra
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Source: Afreximbank |

Ghana Accelerates Efforts to Boost Intra-African Trade

The Ghana IATF2025 Business Roadshow brought together government officials, the trade community, including businesses and investors, and executives from the African Export-Import Bank (Afreximbank)

Ghana is fast-tracking the implementation of the African Continental Free Trade Area (AfCFTA) to unlock new opportunities for Ghanaian businesses across Africa by moving beyond commodity-based trade towards value addition for its traditional exports such as gold, oil and cocoa.  Speaking during the Ghana Intra-African Trade Fair (IATF) 2025 Business…

Afreximbank
Source: Afreximbank |

Statement by African Export-Import Bank (Afreximbank) on recent Fitch Ratings Report

Fitch also acknowledges the Bank’s strong capitalization including its “strong equity to assets and guarantees ratio” and “excellent internal capital generation”

Afreximbank (www.Afreximbank.com) operates under very high standards of financial transparency. The Bank’s financial reporting strictly adheres to International Financial Reporting Standards (IFRS), including IFRS 9. This standard governs the classification and staging of loan performance, including the treatment of non-performing loans, amongst other matters. The Bank's application of IFRS 9…

Afreximbank
Source: Afreximbank |

Kenya pledges to accelerate efforts to boost intra-African trade

The Kenya IATF2025 Business Roadshow attracted over 200 members of Kenya’s business community, including buyers, creatives, automotive sector players, policymakers and investors

Kenya is working towards fast-tracking implementation of the African Continental Free Trade Area (AfCFTA) to unlock opportunities for businesses in the country across the continent. Speaking during the Kenya IATF2025 Business Roadshow event, Kenya’s Cabinet Secretary, Ministry of Investments, Trade and Industry, Hon. Lee Kinyanjui said the government is positioning…

Afreximbank
Source: Afreximbank |

African Peer Review Mechanism (APRM): “Fitch's Downgrade of Afreximbank's Rating is Based on Flawed Loan Classification”

The APRM calls upon Fitch Ratings to re-examine its criteria and assumptions in this case and to engage in technical consultations with Afreximbank and other relevant African stakeholders

In line with Decision [Assembly/AU/Dec.631(XXVII)] of the African Union Assembly of Heads of State and Government and Article 6(g) of the African Peer Review Mechanism (APRM) Statute (2020), which together mandate the APRM to provide support to African countries in the field of credit ratings. The APRM routinely undertakes independent…

Afreximbank

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    • L-R: Hon. Wale Edun, Minister of Finance and Coordinating Minister of the Economy Nigeria, Dr. Kayode Fayemi, Former Governor of Ekiti State, H.E. Senator Kashim Shettima, Vice President of the Federal Republic of Nigeria representing H.E Bola Ahmed Tinubu GCFR, President and Commander-in-Chief of the Armed Forces, Federal Republic of Nigeria, H.E Professor Benedict Oramah, CON, President and Chairman of the Board of Directors, African Export-Import Bank (Afreximbank) and his wife, Mrs. Chinelo Oramah, Matron of Afreximbank Spouse Network (ASNET) during the commissioning ceremony of the African Medical Centre of Excellence Abuja (AMCE) on 5th June 2025
    • African Medical Centre of Excellence (AMCE) Opens its Doors to the Public as it Seeks to Transform Healthcare in Africa
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Source: Afreximbank |

African Medical Centre of Excellence (AMCE) Opens its Doors to the Public as it Seeks to Transform Healthcare in Africa

World-class facility aims to reverse Nigeria’s $1bn+ annual medical tourism outflow while establishing Africa as global healthcare destination

The African Medical Centre of Excellence (AMCE) officially opened today, marking a historic milestone in Africa's journey towards healthcare sovereignty. The US$300 million tertiary medical facility, developed by African Export-Import Bank (Afreximbank) (www.Afreximbank.com) in partnership with King's College Hospital London, welcomed His Excellency President Bola Ahmed Tinubu as guest of…

Afreximbank
Source: Afreximbank |

Libya becomes a full participating state and shareholder of Afreximbank

The acquisition of Afreximbank’s shares by Libya further strengthens ties with the oil rich nation and enhances critical support to the Libyan economy

The State of Libya has taken a critical step towards its full membership of African Export-Import Bank (Afreximbank) (www.Afreximbank.com) with the acquisition of shares in the African multilateral Bank, making the country both a participating state and a shareholder of the Bank. The country submitted its payment for the acquisition…

Afreximbank
Source: Afreximbank |

Government of Guyana and Afreximbank highlight opportunities under the US$1-billion oil financing facility

The policy is built on the pillars of local resource utilisation, capacity building, value retention, multi-stakeholder collaboration, and operational efficiency

The Cooperative Republic of Guyana and African Export-Import Bank (Afreximbank) (www.Afreximbank.com) have concluded a two-day roadshow to promote access to a US$1-billion oil services financing facility announced by the Bank in February this year during the Guyana Energy Conference. The roadshow which was held from 21 to 22 May in…