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Afreximbank
Source: Afreximbank |

Fund for Export Development in Africa (FEDA) Announces Strategic Investment in Team Drogba, Competing in the E1 Series

This investment aligns with Afreximbank’s Creative Africa Nexus (CANEX) strategy, which includes sports as a key vertical for advancing Africa’s economic and cultural footprint

The Fund for Export Development in Africa (FEDA), the development impact investment arm of African Export-Import Bank (Afreximbank) (www.Afreximbank.com), is pleased to announce a strategic investment in Team Drogba, competing in the inaugural E1 Series, the world’s first-ever all-electric boat racing championship. This investment aligns with Afreximbank’s Creative Africa Nexus…

Afreximbank
Source: Afreximbank |

Afreximbank and Government of São Tomé and Príncipe to host Investment Forum aimed at promoting investment and enhancing trade

The event will facilitate B2B engagements, present joint ventures, offer public-private-partnerships and allow for private sector business deals to be concluded

With an eye on promoting trade, investment and financing opportunities in São Tomé and Príncipe, African Export-Import Bank (Afreximbank) (www.Afreximbank.com), in partnership with the Government and the Promotion, Commerce and Investment Agency (APCI) of São Tomé and Príncipe are hosting the “São Tomé and Príncipe Investment Forum.” The forum is…

Afreximbank

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    • The Cloth, one of the African fashion designers who exhibited at the Tranoï, Tokyo show
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Source: Afreximbank |

African Designers Take Center Stage at Tranoï Tokyo through CANEX Initiative

CANEX Presents Africa provides emerging fashion designers with a platform for development through the transfer of skills, linkages and partnerships as well as market access opportunities

The vibrant spirit of African fashion took centre stage at the inaugural Tranoï Tokyo trade show on September 4-5, where 10 exceptional fashion brands from across Africa and the diaspora showcased their designs as part of Afreximbank’s CANEX Presents Africa initiative (www.Afreximbank.com). Among the African brands that featured at Tranoï…

Afreximbank

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    • Representatives of the Algerian government, Afreximbank, AfCFTA and AUC sign the Hosting Agreement for the Intra-African Trade Fair 2025 (IATF2025) on April 15, 2024 in Algiers, Algeria
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Source: Afreximbank |

Countdown begins to the fourth Intra-African Trade Fair (IATF2025) in Algiers

IATF2025 will build on past successful editions in promoting trade and investment across Africa

Over 35,000 visitors from more than 140 countries across the world are expected to converge in Algiers, Algeria from 4 – 10 September 2025 to attend the Intra-African Trade Fair 2025 (IATF2025), Africa’s premier trade and investment event. During the week-long fair, more than 2,000 exhibitors, including businesses from the…

Afreximbank

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    • Afreximbank extends a hand of support to Caribbean countries impacted by Hurricane Beryl
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Source: Afreximbank |

Afreximbank extends a hand of support to Caribbean countries impacted by Hurricane Beryl

Hurricane Beryl severely devastated the Grenadian islands of Carriacou and Petite Martinique as well as several islands in Saint Vincent and the Grenadines, including Union Island and Mayreau

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has responded to the devastation caused by Hurricane Beryl, donating over half a million US dollars to aid disaster relief and rebuilding efforts across Caribbean countries that were hard-hit.  Hurricane Beryl severely devastated the Grenadian islands of Carriacou and Petite Martinique as well as several…

Afreximbank

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    • Afreximbank Facilitates US$650-Million Financing for Oando’s Acquisition of Nigerian Agip Oil Company Limited's (NAOC’s) 20% Interest in Nigerian Joint Venture
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Source: Afreximbank |

Afreximbank Facilitates US$650-Million Financing for Oando’s Acquisition of Nigerian Agip Oil Company Limited's (NAOC’s) 20% Interest in Nigerian Joint Venture

Also participating in the transaction were Indorama Eleme Petrochemicals Limited, with US$150 million, and Mercuria Energy Group, with US$150 million

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has successfully arranged a senior US$500-million and a junior US$150-million reserve-based lending facility for Oando Petroleum and Natural Gas Company Limited. The facility was used to finance Oando’s acquisition of the 20 per cent participating interest held by Nigerian Agip Oil Company Limited (NAOC) in…

Afreximbank

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    • Mr. Denys Denya, Senior Executive Vice President, Afreximbank
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Source: Afreximbank |

Afreximbank Achieves Solid first half 2024 growth reflecting sound execution of its strategy amid macro-economic headwinds

Net Interest Income for H1’2024 grew by 24.5% to US$826.2 million, compared to US$663.6 million for the same period last year (H1’2023)

African Export-Import Bank (“Afreximbank” or the “Group”) (www.Afreximbank.com) has released its consolidated financial statements for the six months ended 30 June 2024. The Group’s results for the six months period once again demonstrate  resilience amid challenging macro-economic conditions. The Group delivered solid year-on-year growth across key performance metrics and an…

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    • Afreximbank’s Creative Africa Nexus (CANEX) Announces the Release of Groundbreaking Extended Play (EP)
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Source: Afreximbank |

Afreximbank’s Creative Africa Nexus (CANEX) Announces the Release of Groundbreaking Extended Play (EP) "One Drum"

"One Drum" is a celebration of the cultural ties that unite Africa and its diaspora, forged through the shared history of the Trans-Atlantic Slave Trade

The Marley family, Scorpion Kings, Sofiya Nzau, Flavour, and Olodum unite on Groundbreaking EP “One Drum”; This initiative is under the auspices of CANEX Creations Incorporated which seeks to support the commercialization of IP assets. African Export – Import Bank (Afreximbank) through its Creative Africa Nexus (CANEX) Programme is thrilled to…

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    • Mr. Adebisi Abidemi Adebutu, Group President of R28 Holdings with Mrs. Kanayo Awani, Executive Vice President Intra Africa Trade and Export Development, Afreximbank
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Source: Afreximbank |

Afreximbank signs project preparation facility agreement to support development of Veenocks porcelain tiles plant in Nigeria

The project is expected to exploit and beneficiate Nigeria’s underutilised natural resources using clay to produce porcelain tiles for the domestic and international markets

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has signed a project preparation facility agreement with Veenocks Limited for the financing of the development of Veenocks’ porcelain tile manufacturing plant located in Sagamu, Ogun State, Nigeria. The plant, to be operated as an indigenously owned state-of-the-art facility with an annual production capacity of…

Afreximbank
Source: Afreximbank |

Afreximbank and Uganda Development Bank sign project preparation financing agreement

The implementation of the agreement is expected to help accelerate economic growth in Uganda through increased private sector investments in the targeted sectors

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) and the Uganda Development Bank (UDB) have signed a Joint Project Preparation Facility Framework Agreement to provide early project preparatory financing and technical support services to public and private sector entities. This is aimed at boosting Uganda’s industrialization and export development activities.   Under the…