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Afreximbank

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    • Mr. Létondji Beheton, CEO, GDIZ (middle), symbolically laying the first block for AQAC. Looking on from left to right: Mr. Faki Adje, Deputy General Manager, Arise IIP; Ms. Emilie-Nono Ketcheuzeu, Manager-Client Relations (Francophone West & Central Africa), Afreximbank; Mr. Vijay Kumar Thota, Finance Manager, Arise IIP; and Mr. Amr Yawer, Manager-Export Development, Afreximbank
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Source: Afreximbank |

Afreximbank and Arise IIP commence the construction of the African Quality Assurance Center in Glo-Djigbé Industrial Zone (GDIZ) Benin to boost Intra-African trade: A landmark collaboration between Afreximbank and ARISE IIP

The AQAC laboratory in GDIZ will offer world-class testing, inspection, and certification services covering food and agricultural products, ensuring that products “Made in Africa” meet the required safety and quality standards

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) and ARISE Integrated Industrial Platforms (ARISE IIP) are proud to announce the commencement of construction works for the African Quality Assurance Centre (AQAC) in Glo-Djigbé Industrial Zone (GDIZ) in Benin on Tuesday, 27th November 2024. This landmark project is a collaboration between Afreximbank and ARISE…

Afreximbank

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    • Mrs. Helen Brume, Director, Project & Asset Finance (right) and Mr. Joseph Ilebode, Group Managing Director, JE Energy Limited (left), signing the agreement, witnessed by colleagues from both institutions
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Source: Afreximbank |

Afreximbank signs a $100 million Trade Finance Facility with JE Energy for the execution of Guyana crude oil export contracts

The facility is expected to help ensure that Guyana is able to trade internationally and to benefit from its natural resources while earning much needed foreign currency

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) on November 5 in Cape Town, South Africa, signed an agreement for a US$ 100-million Revolving Trade Finance Facility in favour of oil trader JE Energy Limited to support its contract implementation in the Republic of Guyana. Under the terms of the agreement signed on…

Afreximbank

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    • Mr. Zitto Alfayo, Head of Project Preparation at Afreximbank (left), and Dr. Dhiren Thakker, CEO of Med Aditus (right), sign the agreement in Kisumu, Kenya. Looking on are Mrs. Kanayo Awani, Executive Vice President, Intra-African Trade and Export Development at Afreximbank, and Prof. Peter Anyang’ Nyong’o, Governor of Kisumu County
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Source: Afreximbank |

Afreximbank partners with Med Aditus to boost local pharmaceutical production of essential medicines in Kenya

Afreximbank’s intervention is part of its ‘Africa Health Security Investment Plan” to support the health product manufacturing ambition of the continent

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) and Kenya-based Med Aditus Pharmaceutical Kenya Limited (Med Aditus) have signed a project preparation facility heads of terms agreement at the margins of the fourth edition of the African Sub-Sovereign Governments Network (AfSNET) Conference in Kisumu City, Kenya. The project preparation facility will be deployed…

Afreximbank

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    • H.E. Dr. William Samoei Ruto, President of Kenya (front row, centre) and Prof. Benedict Oramah, President and Chairman of Board of Directors of Afreximbank (4th right, front row) together with leaders of Sub-Sovereign governments from Kenya and other African countries during the 4th AfSNET conference, hosted in Kisumu City, Kenya
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Source: Afreximbank |

African Sub-Sovereign government leaders and businesses meet in Kisumu City, Kenya to discuss inclusive growth, trade decentralization and investment opportunities

Africa’s Sub-Sovereign governments, comprising states, counties, provinces, municipalities and regional authorities, play a critical role in economic development of African countries

Over 250 Sub-Sovereign government leaders from across Africa are today meeting in Kisumu, Kenya, for the the fourth edition of the African Sub-Sovereign Governments Network (AfSNET) Conference. Taking place between the 25th and 27th of November, the event provides a platform for Sub-Sovereign leaders and businesses to discuss how their…

Afreximbank
Source: Afreximbank |

Afreximbank delivers strong financial results for the nine months ended 30 September 2024, surpassing prior year’s performance despite a challenging operating environment

The Group delivered a solid performance, closing the third quarter in a strong financial position, evidenced by its healthy liquidity levels, better asset quality, and robust capital adequacy levels

African Export-Import Bank (“Afreximbank” or the “Group”) (www.Afreximbank.com) has released the consolidated financial statements of the Bank and its subsidiaries, for the nine months ended 30 September 2024 (9M’2024). The Group delivered a solid performance, closing the third quarter in a strong financial position, evidenced by its healthy liquidity levels,…

Afreximbank
Source: Afreximbank |

Afreximbank successfully prices its inaugural Samurai bonds, raising JPY81.3 billion (about USD 530 million equivalent) comprising JPY 67.2 billion 5 regular tranches and JPY 14.1 billion 3-year Retail Samurai (“The Transaction”)

Afreximbank successfully met its objective of achieving a benchmark transaction size of over JPY 30 billion and maximizing the size in longer tenors (up to 10 years)

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has successfully priced its debut Samurai bond, securing a regular 5 tranche JPY 67.2 billion consisting of 2-year, 3-year, 5-year, 7-year and 10-year fixed rate tranches. Concurrently, the Bank launched its inaugural Retail Samurai bond with a 3-year fixed-rated tranche valued at JPY 14.1 billion.…

Afreximbank

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    • Over $370 million secured in Engineering, Procurement, and Construction deals at Afreximbank’s Lagos workshop
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Source: Afreximbank |

Over $370 million secured in Engineering, Procurement, and Construction deals at Afreximbank’s Lagos workshop

More than 180 participants, representing EPC companies, financial institutions, law firms and government agencies from West Africa as well as Egypt, Angola and Uganda, were in attendance

During the recently held African Export-Import Bank (Afreximbank) (www.Afreximbank.com) Intra-African Engineering, Procurement and Construction (EPC) workshop in Lagos participants formalised business deals totalling over US$370 million, a significant step towards empowering African contractors. The deals, signed during the workshop held in Lagos on 28 October, included a US$300-million Global facility…

Afreximbank
Source: Afreximbank |

Afreximbank approves US$200 million Facility to support BUA Industries Limited (BIL) expansion plans

The first tranche of $150 million was disbursed on October 16, 2024

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has approved a US$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 interest spanning across, sugar and cement manufacturing, flour milling, oil milling, port logistics, real estate development, oil…

Afreximbank
Source: Afreximbank |

Afreximbank Announces Investment Conference in Kisumu, Kenya to Strengthen Sub-Sovereign Participation in Intra-African Trade

A key feature of the event will be an exhibition aimed at promoting trade at a local level, to be preceded by an investment promotion training on the first day

In a bid to strengthen the role of Africa’s sub-sovereign governments in driving intra-African trade and investment, and the successful implementation of the African Continental Free Trade Area (AfCFTA), African Export-Import Bank (Afreximbank) (www.Afreximbank.com), in collaboration with the County Government of Kisumu and the United Cities and Local Governments of…

Afreximbank

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    • Left-Right: Mr. Temwa Gondwe, Senior Manager, Intra African Trade Bank, Afreximbank, Mr. Ismail Inezarene, Director of Cultural and Artistic Promotion, Algeria, Mrs Kanayo Awani, Executive Vice President for Intra African Trade and Export Development, Afreximbank, Mr. Nassim Mohan Amer, Director of International Cooperation, Algeria and Mrs. Anne Ezeh, Director Communications and Events, Afreximbank
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Source: Afreximbank |

CANEX WKND 2024 concludes in Algiers with over US $540 million in deals committed

The vibrant, four-day event convened 108 exhibitors, 11 masterclasses and close to 4,000 attendees from across 81 countries in Africa, the Caribbean and the diaspora - featuring creatives, industry leaders, and policymakers

The second edition of the Creative Africa Nexus Weekend (CANEX WKND 2024) has drawn to a close in Algiers, Algeria. The vibrant, four-day event convened 108 exhibitors, 11 masterclasses and close to 4,000 attendees from across 81 countries in Africa, the Caribbean and the diaspora - featuring creatives, industry leaders,…