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Source: Afreximbank | Dec 18, 2024

Afreximbank signs landmark hydropower project in Democratic Republic of Congo (DRC)

Aligning with Afreximbank’s climate finance strategy, the project marks Afreximbank’s first private-sector renewable energy initiative in the DRC

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) signed a project preparation facility financing agreement for its private-sector renewable energy project in the Democratic Republic of Congo (DRC), marking a major step in expanding green infrastructure across the Central African region. Partnering with Kipay Investments SAS (Kipay), the Bank will finance the technical…

Source: Afreximbank | Feb 28, 2024

Geometric Power Commissions the Afreximbank-Backed 141 MW Aba Integrated Power Project

The Aba IPP is equipped with renowned world class infrastructure including three GE LM6000 Gas turbines, with a capacity to produce up to 47MW each

The 141 MW Aba Integrated Power Project (Aba IPP), an Afreximbank-financed project (www.Afreximbank.com), was officially commissioned in Abia State by the Vice President of the Federal Republic of Nigeria, H.E Kashim Shettima. A first of its kind in Nigeria, the Aba IPP is a pioneering initiative capable of generating and…

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Source: Afreximbank | Mar 08, 2025 Uganda joins Afreximbank’s Fund for Export-Development in Africa (FEDA) as 21st Member State
Over the past four years, Afreximbank has approved over $813 million in financing for Uganda’s public and private sectors, with a pipeline in exceeding US$ 1 billion in pending approvals
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Source: Afreximbank | Mar 06, 2025 KCB Group and Bank of Kigali launch Pan-African Payment and Settlement System (PAPSS), enabling seamless and affordable cross-border payments across Africa
With this launch, businesses and individuals can benefit from faster, more cost-effective, and secure payments without relying on correspondent banks or third-party currencies
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Source: Afreximbank | Mar 06, 2025 ARISE IIP secures $450 million Afreximbank facility for industrial parks, Special Economic Zones development
ARISE IIP will deploy the remaining US$ 150 million to develop an industrial park in Lilongwe, Malawi, and as trade finance for the activities of its export trading company in Malawi under Afreximbank’s Export Agriculture for Food Security initiative
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Source: Afreximbank | Feb 28, 2025 Afreximbank and Kenyan government ink milestone agreements to promote industralisation
Afreximbank will finance the development and operationalisation of industrial parks (IPs) and special economic zones (SEZs) to bolster the country’s industrialisation and export manufacturing
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Source: Afreximbank | Feb 28, 2025 Beyond Finance, Afreximbank's Impact Stories series spotlights Africa's growth and economic potential
Filmed across six countries and sectors, the inaugural season consists of six episodes that showcase some of Afreximbank’s development impact through inspiring short documentary-style films
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Afreximbank signs landmark hydropower project in Democratic Republic of Congo (DRC)

Geometric Power Commissions the Afreximbank-Backed 141 MW Aba Integrated Power Project

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