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Afreximbank

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    • Afreximbank asserts Africa’s climate position at the Conference of the Parties (COP29); advocates for a just and equitable energy transition for economic development
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Source: Afreximbank |

Afreximbank asserts Africa’s climate position at the Conference of the Parties (COP29); advocates for a just and equitable energy transition for economic development

A primary objective of the Bank will be to advocate for the swift operationalization of the Loss and Damage Fund, which provides financial support to countries suffering from climate-related losses

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) is participating at COP29 in Baku, Azerbaijan, where it is doubling-down on its commitment to facilitating a just energy transition for Africa that supports the continent’s critical development needs and unlocks its economic potential. The Bank’s participation will align with the African Union’s Nairobi Declaration…

Afreximbank

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    • Prof. Benedict Okey Oramah (right) receives the Mohammed S. Barkindo Lifetime Achievement Award at the African Energy Week (AEW) 2024
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Source: Afreximbank |

Afreximbank President Professor Benedict Oramah receives prestigious Mohammed Barkindo Lifetime Achievement Award at African Energy Week 2024

In Nigeria, Afreximbank now acts as Adviser and Settlement Bank for NGN denominated crude sales to Nigerian refineries

Professor Benedict Okey Oramah, President and Chairman of the Board of Directors at African Export-Import Bank (Afreximbank) (www.Afreximbank.com), has been awarded the prestigious Mohammed S. Barkindo Lifetime Achievement Award at the African Energy Awards, held on the sidelines of the African Energy Week (AEW) 2024: Invest in African Energy conference,…

Afreximbank

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    • L-R: Mr. Haytham Elmaayergi, Executive Vice President, Global Trade Bank at Afreximbank, H.E. Prof. Benedict Oramah, President and Chairman of Board of Directors of Afreximbank, Professor Yemi Osinbajo, SAN, GCON, the Immediate Past Vice President of the Federal Republic of Nigeria, H.E. Monique Nsanzabaganwa, Ph.D. Deputy Chairperson, African Union Commission and Mr. Dennys Denya, Senior Executive Vice President, Afreximbank
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Source: Afreximbank |

Afreximbank Calls for Increased Collaboration to Accelerate the Green Energy Transition in Africa

The Keynote speaker at the eighth Babacar Ndiaye Lecture in Washington, D.C., Professor Yemi Osinbajo, spoke about the role of the AfCFTA in Addressing Africa’s climate Change and Development Challenges

The eighth Babacar Ndiaye Lecture held at the Four Seasons Hotel in Washington D.C., on 26 October 2024, under-scored the need for African nations to strike a balance between short-term development imperatives and long-term climate goals.  Under the theme “Saving Lives Today versus Saving the Planet for the Future: Can…

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 Celebrates 8 Awards at Europe, Middle East, and Africa (EMEA) Finance Achievement Awards and Project Finance Awards 2023 Charity Dinners (1)
    • Afreximbank Celebrates 8 Awards at Europe, Middle East, and Africa (EMEA) Finance Achievement Awards and Project Finance Awards 2023 Charity Dinners (2)
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Source: Afreximbank |

Afreximbank Celebrates 8 Awards at Europe, Middle East, and Africa (EMEA) Finance Achievement Awards and Project Finance Awards 2023 Charity Dinners

Afreximbank received the Best Oil and Gas Deal award for its NNPCL Project Gazelle US$3.3-billion five-year pre-export finance syndicated loan

In a nod to its increasingly important contribution to Africa’s economic growth and development, Afreximbank (www.Afreximbank.com) has been recognised with a haul of 8 Awards at the EMEA Project Finance and EMEA Achievement Awards 2023 Charity dinners held in London on June 5 & 6 respectively. Hosted by EMEA Finance…

Afreximbank

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    • H.E. Eng. Tarek El Molla, Egyptian Minister of Petroleum and Mineral Resources looks on as Prof. Benedict Oramah, President and Chairman of Board of Directors, Afreximbank (left) exchanges Establishment Agreement documents for the Africa Energy Bank with Dr. Omar Farouk Ibrahim, Secretary General of APPO (left)
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Source: Afreximbank |

The Africa Petroleum Producers’ Organisation (APPO) and Afreximbank Sign the Establishment Agreement of the Africa Energy Bank (AEB), Declaring it Open for Signature by Prospective Member States

The AEB has been structured as an independent and supranational pan-African energy development bank with an initial USD 5 Billion capital

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) and the Africa Petroleum Producers’ Organisation (APPO) have announced the historic signing of the Establishment Agreement and the Charter of the Africa Energy Bank (“AEB”) at a ceremony held at the Ministry of Petroleum and Mineral Resources of the Arab Republic of Egypt. The event…

Afreximbank
Source: Afreximbank |

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…

Afreximbank
Source: Afreximbank |

Afreximbank, International Finance Corporation (IFC), and White & Case Partner to Co-host Africa Energy Transition Seminar in Cairo, Egypt

The seminar featured two panel discussions and three workshops aimed at empowering participants with knowledge for dealing with issues around energy transition in Africa

As Africa continues to position itself to reap the full benefits of the drive for energy transition, the African Export-Import Bank (Afreximbank) (www.Afreximbank.com), IFC, and the legal firm White & Case partnered to host a one-day seminar to discuss “Energy Transition and Infrastructure in Africa”. The seminar attracted about 150…

Afreximbank
Source: Afreximbank |

Afreximbank announces an initial disbursement of US$2.25 billion under a syndicated US$3.3 billion Crude Oil Prepayment Facility sponsored by the Nigerian National Petroleum Company Limited

The participation of global, international and regional syndication firms is a further testament to the lending market’s appetite for financing sponsored by NNPCL and signifies solid market confidence in Nigeria

This landmark financing is the largest syndicated loan ever raised by Nigeria in the International market and one of the largest syndicated debts raised in Africa in recent years; The Facility will enhance Nigeria’s macroeconomic stability and long-term economic growth, while enabling access to raw materials and trade development efforts; Raising such…

Afreximbank
Source: Afreximbank |

Afreximbank advocates for inclusive and just energy actions at Conference of the Parties (COP28)

At COP28, Afreximbank’s position aligned with the broader agenda of the African Union on Climate Change and Africa’s development as outlined in the Nairobi 2023 declaration during the Africa Climate Summit 2023

African Export-Import Bank (“Afreximbank”) (www.Afreximbank.com) recently concluded its participation at COP28 in Dubai, the United Arab Emirates, where the Bank reiterated its commitment to advancing the continent's climate goals and sustainable development agenda. Against the backdrop of the official COP28 theme "Transforming climate finance, by delivering on old promises and…