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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,…

Afreximbank

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    • Mrs. Kanayo Awani, Executive Vice President, Intra Africa Trade and Export Development, Afreximbank (3rd right), Stephen Tio Kauma, Group MD Human Resources, Afreximbank (2nd left), Ody Akhanoba, Senior Manager Export Development, Afreximbank (left), together with the top three creative entrepreneurs who presented their pitches to the Angel Investors
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Source: Afreximbank |

Angel investors commit US$350,000 to creative entrepreneurs at Afreximbank’s CANEX pitch session

The pitch session, dubbed “CANEX Presents the Angels”, featured 12 creative entrepreneurs from 10 African countries who were selected to present their businesses for review with a view to raising capital for growth and expansion

African Export – Import Bank’s (Afreximbank) (www.Afreximbank.com) Angel investors participating in a pitch session at the just-concluded CANEX WKND 2024 in Algiers have committed a total of US$350,000 in investment into the three best pitches presented at the competition. The pitch session, dubbed “CANEX Presents the Angels”, featured 12 creative…

Afreximbank

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    • Mrs. Kanayo Awani, Executive Vice President, Intra-African Trade Bank, Afreximbank and Mr. Mehdi Ajroudi, Chief Executive Officer of Mediwood Studios shake hands following the signing ceremony
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Source: Afreximbank |

Afreximbank Signs term Sheet for US$3Million Facility for Mediwood Studios’ Expansion

Signing the Term Sheet on behalf of Afreximbank was Mrs. Kanayo Awani, Executive Vice President, Intra-African Trade Bank, and Mr. Mehdi Ajroudi, Chief Executive Officer of Mediwood Studios, on behalf of his company

 African Export-Import Bank (Afreximbank) (www.Afreximbank.com) and Mediwood Studios in Tunisia have signed a Term Sheet for a US$3 million facility aimed to Strengthen Mediwood’s position as a key contributor to the growth of the Tunisian film industry.   As part of the agreement, signed on 19 October 2024 on the sidelines…

Afreximbank

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    • Mrs. Kanayo Awani, Executive Vice President, Intra-African Trade and Export Development, Afreximbank and Mr. Louis Biyao, Legal Counsel and Advisor to the President and Chairman of the Board of Directors, NWTV
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Source: Afreximbank |

Afreximbank enters deal for EUR 245 million facility with New World Television (NWTV) for African sports broadcast rights acquisition

The deal signing was overseen by Mrs. Kanayo Awani, Executive Vice President, Intra-African Trade and Export Development, Afreximbank and Mr. Louis Biyao, representative of the Chairman and Chief Executive Officer of NWTV

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has announced the signing of a EUR 245-million global facility with the New World Television (NWTV) network. The funding will part finance the network’s acquisition of media licensing rights for selected broadcasting sport copyrights from global media rights holders to permit broadcast across Africa. The…

Afreximbank
Source: Afreximbank |

Afreximbank Acts as Joint Lead Manager on Ecobank Transnational Incorporated’s USD 400mn Senior Unsecured Note Issuance

The proceeds of the note will fund general corporate purposes of the issuer, including refinancing of a USD350 million senior bridge-to-bond loan facility that was jointly coordinated by Afreximbank in March 2024

African Export-Import Bank (“Afreximbank”) (www.Afreximbank.com) is pleased to announce that it has successfully acted as Joint Lead Manager and Bookrunner on a USD 400 million 10.125% Rule 144a/RegS senior unsecured note issuance by Ecobank Transnational Incorporated (“ETI”) due in October 2029. The proceeds of the note will fund general corporate…