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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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    • 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 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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    • 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…

Afreximbank

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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…

Afreximbank

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    • Mr. Haytham ElMaayergi, Afreximbank’s Executive Vice President, Global Trade Bank
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Source: Afreximbank |

Afreximbank to double intra-African trade financing to $40 billion by 2026

Afreximbank had been a champion in facilitating intra-African trade since its founding and that it had committed US$1 billion to support the funding of the AfCFTA Adjustment Fund

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) plans to double its financing of intra-African trade from US$20 billion in 2021 to US$40 billion by 2026, Mr. Haytham ElMaayergi, Afreximbank’s Executive Vice President, Global Trade Bank, has said. Mr. ElMaayergi was addressing participants and guests in Abuja at the African Caucus Meeting of…

Afreximbank

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    • CANEX WKND 2023 (L-R): Tade Ipadeola (Poet and Writer, Event Anchor), Anwuli Ojogwu (Managing Director, Narrative Landscape Press), Dr Eghosa Imasuen (Co-Founder, Narrative Landscape Press), Professor Benedict Oramah (Afreximbank President), Mrs Kanayo Awani (Executive Vice-President, Intra-African Trade & Export Development at Afreximbank), Chimamanda Ngozi Adichie (Novelist and Creative Director of the James and Grace Adichie Foundation), Mrs Chinelo Oramah, and Mr Stephen Kauma, (Group Managing Director, Human Resources at Afreximbank)
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Source: Afreximbank |

Creative Africa Nexus Weekend (CANEX WKND) 2024: Uniting Global Africa's Creative and Cultural Industries in Algiers

his groundbreaking event is scheduled to take place from October 16-19, 2024, at SAFEX in Algiers, Algeria

African Export-Import Bank (Afreximbank) (www.Afreximbank.com), in partnership with the African Union Commission (AUC), the African Continental Free Trade Area (AfCFTA) Secretariat, and the Government of the People's Democratic Republic of Algeria, proudly announces the return of the Creative Africa Nexus Weekend (CANEX WKND) 2024. This groundbreaking event is scheduled to…

Afreximbank
Source: Afreximbank |

Afreximbank and the Inter-Governmental Action Group against Money Laundering in West Africa (GIABA) to host international Compliance Forum for Africa

The Forum will focus on the Financial Action Task Force's (FATF) requirements for identifying Ultimate Beneficial Owners (UBOs) and their far-reaching implications for trade facilitation

To improve global trade in Africa and align with international regulatory and compliance standards, African Export-Import Bank (Afreximbank) (www.Afreximbank.com), in partnership with the Inter-Governmental Action Group against Money Laundering in West Africa (GIABA), is hosting a high-profile Compliance Forum in Dakar, Senegal, from 4 to 6 September 2024. The Forum…