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Afreximbank

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    • Dr. George Elombi, President of Afreximbank and Mr. Tony Elumelu, Chairman, Heirs Energies Limited display the signed agreement (1)
    • Dr. George Elombi, President of Afreximbank and Mr. Tony Elumelu, Chairman, Heirs Energies Limited display the signed agreement (2)
    • Afreximbank backs Heirs Energies with $750-million facility, boosting Nigeria’s domestic energy capacity
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Source: Afreximbank |

Afreximbank backs Heirs Energies with $750-million facility, boosting Nigeria’s domestic energy capacity

Heirs Energies plays a pivotal role in Nigeria’s oil and gas industry, where crude oil remains a resource of critical national and international importance

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) and Heirs Energies Limited have announced a landmark US$750-million financing partnership designed to optimise Heirs Energy’s capital structure and unlock critical liquidity to support its working capital requirement as it pursues its ambitious field development programme. The investment is expected to significantly transform Nigeria’s domestic…

Afreximbank

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    • Executives of the partnering institutions during the signing of the US$330 million Senior debt financing for Baomahun Gold Project
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Source: Afreximbank |

FG Gold, Africa Finance Corporation (AFC) and Afreximbank Achieve Financial Close on US$330 Million Senior Debt Financing for Baomahun Gold Project

This milestone unlocks one of the most significant project financing deals in the country’s history and supports Sierra Leone’s ambition to responsibly harness its mineral resources

FG Gold Limited (“FG Gold”) is pleased to announce that it has achieved financial close and the first drawdown on its US$330 million Senior Debt Financing with Africa Finance Corporation (AFC) and the African Export-Import Bank (Afreximbank) (www.Afreximbank.com), for its Baomahun Gold Project, marking the development of Sierra Leone’s flagship…

Afreximbank

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    • Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) and Afreximbank Forge Strategic Partnership to Boost Arab–Africa Trade and Investment
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Source: Afreximbank |

Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) and Afreximbank Forge Strategic Partnership to Boost Arab–Africa Trade and Investment

Through the cooperation, ICIEC and Afreximbank will align their strategic decision-support tools, developing synergies to better serve public- and private-sector actors across their respective networks

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a Shariah-based multilateral insurer and member of the Islamic Development Bank Group, and African Export‑Import Bank (Afreximbank) (www.Afreximbank.com) are pleased to announce the signing of a memorandum of understanding (MoU) to strengthen their cooperation in promoting trade and…

Afreximbank
Source: Afreximbank |

The Fund for Export Development in Africa (FEDA) Announces Landmark Investment in Africa Minerals and Metals Processing Platform (A2MP) to Drive Africa’s Mining and Industrial Transformation

This investment underscores Afreximbank’s commitment to supporting Africa’s mining sector and ensuring the continent’s vast mineral wealth becomes a catalyst for sustainable economic growth rather than a source of continued resource dependency

The Fund for Export Development in Africa (FEDA), the development equity impact investment arm of African Export-Import Bank (Afreximbank) (www.Afreximbank.com), is pleased to announce a US$300 million strategic investment in the Africa Minerals and Metals Processing Platform (A2MP). This investment underscores Afreximbank’s commitment to supporting Africa’s mining sector and ensuring…

Afreximbank
Source: Afreximbank |

Fund for Export Development in Africa (FEDA) Announces Strategic Investment in Spiro to Accelerate Africa’s Electric Mobility Transition

Founded in 2022, Spiro operates Africa’s most extensive and fastest growing battery-swapping network, with more than 60,000 electric motorcycles and 1,200 swapping stations

The Fund for Export Development in Africa (FEDA), the development equity impact investment arm of African Export-Import Bank (Afreximbank) (www.Afreximbank.com), has announced a $75 million investment in Spiro, the leading electric two-wheel assembler in Africa with the fastest growing battery swapping infrastructure. This investment is fully aligned with Afreximbank’s broader…

Afreximbank

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    • Afreximbank’s Director of Trade Facilitation and Investment Promotion, Dr Gainmore Zanamwe during the signing of the MoU with President of AAAM, Ms. Martina Biene
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Source: Afreximbank |

Afreximbank renews partnership with African Association of Automotive Manufacturers (AAAM) to promote industrialisation of Africa’s automotive sector

The Africa Automotive Show held at IATF2025 brought together players in the automotive sector, including manufacturers, subcontractors and equipment manufacturers

The African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has renewed its memorandum of understanding (MoU) with the African Association of Automotive Manufacturers, harmonising efforts to promote Intra-African trade and investment in the continent’s automotive sector. The MoU was signed on the sidelines of the recently concluded Intra-African Trade Fair 2025 (IATF2025) in…

Afreximbank

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    • The awards were presented to Afreximbank's President, Prof. Benedict Oramah and EVP, Dr. George Elombi in Libreville, Gabon during the groundbreaking ceremony for the construction of a 300 -MW, Euro 200 million thermal power station financed by the Bank (1)
    • The awards were presented to Afreximbank's President, Prof. Benedict Oramah and EVP, Dr. George Elombi in Libreville, Gabon during the groundbreaking ceremony for the construction of a 300 -MW, Euro 200 million thermal power station financed by the Bank (2)
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Source: Afreximbank |

Gabon confers top national honours on Afreximbank’s President and Executive Vice President

The awards were in recognition of Afreximbank’s pivotal roles in the ongoing transformation of Gabon's economy

President Brice Clotaire Oligui Nguema of Gabon, has conferred the honour of Commander of the National Order of Merit on Prof. Benedict Oramah, outgoing President and Chairman of the Board of Directors of African Export-Import Bank (Afreximbank) (www.Afreximbank.com), and Dr. George Elombi, the Bank’s incoming President and current Executive Vice…

Afreximbank

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    • Mr. Paul Russo (from left), Group CEO KCB Group PLC; Ms. Oluranti Doherty, Managing Director Export Development, Afreximbank and Mr. George Olaka, CEO Arise IIP-Kenya during the signing of the US$800 million funding deal for Vipingo Special Economic Zone (SEZ) in Kilifi County. They are flanked by Mr. Gagan Gupta (left), Founder and CEO Arise IIP, H.E. William Ruto, President of the Republic of Kenya and Prof. Benedict Oramah, President and Chairman of the Board of Directors of Afreximbank
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Source: Afreximbank |

KCB and Afreximbank in Joint Funding Deal to Operationalize Vipingo Special Economic Zone (SEZ)

Afreximbank and KCB Group will provide initial funding amounting to US$ 500 million and US$ 300 million, respectively towards the initiative

KCB Group and pan-African multilateral development bank, African Export-Import Bank (Afreximbank) (www.Afreximbank.com) have entered a Memorandum of Understanding (MOU) aimed at providing financial and trade facilitation support to investors operating in the Vipingo Special Economic Zone (SEZ) in Kilifi County. Under the agreement, Afreximbank and KCB Group will provide initial…

Afreximbank

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    • Representatives of Afreximbank, the Government of the Republic of South Africa, and Infrastructure South Africa after the signing of the Joint Project Preparation Facility Framework Agreement
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Source: Afreximbank |

Afreximbank and South African Government sign landmark Joint Project Preparation Facility Agreement to accelerate infrastructure development

By combining Afreximbank's financial expertise with strategic oversight of ISA, the partnership seeks to create a robust pipeline of bankable projects essential for closing South Africa’s infrastructure gap

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has marked a significant milestone in infrastructure development in Africa with the signing of a landmark Joint Project Preparation Facility (JPPF) Facility Agreement with the Government of the Republic of South Africa. The agreement was formalised during a ceremony on the margins of the just…

Afreximbank

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    • Mrs Helen Brume, Director and Global Head – Project and Asset Based Finance at Afreximbank (second left) and Mr. Oluwole Adama, Executive Director of MDGIF (2nd right) exchange the signed agreement documents as Nigeria’s Minister of Industry, Trade, and Investment, Dr Jumoke Oduwole (right) watches
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Source: Afreximbank |

Afreximbank and Midstream and Downstream Gas Infrastructure Fund (MDGIF) sign strategic Memorandum of Understanding (MoU) to accelerate development of gas infrastructure in Nigeria

Afreximbank and MDGIF will work together with the overarching intention of mobilising up to US$ 500 million over a four-year period to support midstream and downstream gas infrastructure projects

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) and the Midstream and Downstream Gas Infrastructure Fund (MDGIF) have signed a landmark memorandum of understanding (MoU) to establish a collaborative framework aimed at promoting, developing and improving gas infrastructure in Nigeria. It was signed on the sidelines of the just ended fourth Intra-African Trade…