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Afreximbank
Source: Afreximbank |

Afreximbank participates in Bank of Industry Nigeria’s syndicated facility of up to EUR 2-billion

The Bank disbursed its participation amount of EUR 175 million in September 2024 in two tranches of EUR 115 million in Tranche A and EUR 60 million under Tranche B

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) recently joined a consortium of financial institutions in London to sign a landmark syndicated term loan facility for Bank of Industry (BOI) Nigeria of up to EUR 2 billion. Afreximbank, acted as one of the Initial Mandated Lead Arrangers, Bookrunner and Facility Agent. The Bank…

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 approves US$20.8 million for Starlink Global’s cashew factory project in Lagos

The facility is expected to promote value addition which will guarantee increased earnings to the company while also fostering the creation of about 400 new jobs

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has approved a US$20.8 million financing facility for Nigeria-based Starlink Global & Ideal Limited to enable the company construct and operate a 30,000-metric tonne per annum cashew processing factory in Lagos. According to the facility agreement signed in on July 22, 2024, Afreximbank will provide…

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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    • 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’s African Quality Assurance Centre receives international accreditation from South African National Accreditation System (SANAS)

The accreditation by SANAS amplifies AQAC’s ability to offer internationally accredited services for food and agri products and paves the way for a more reliable and robust testing environment in Africa

African Export-Import Bank’s (Afreximbank) (www.Afreximbank.com) first African Quality Assurance Centre (AQAC), implemented in Ogun State, Nigeria, in partnership with Bureau Veritas (BV) has been awarded the ISO/IEC 17025:2017 accreditation by the South African National Accreditation System (SANAS), one of the key accreditation bodies in Africa responsible for carrying out conformity assessments…

Afreximbank
Source: Afreximbank |

Afreximbank disburses $40 million to support Fidelity Bank’s acquisition of Union Bank UK

With this acquisition, Fidelity Bank is able to birth a new pan-African financial institution capable of providing correspondent banking and offshore banking services to banks in Africa

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has announced the disbursement of a US$40-million Intra-African Investment Facility to Fidelity Bank Nigeria Plc (“Fidelity”) to support Fidelity Bank’s acquisition and recapitalization of Union Bank UK as part of its international expansion programme. Provided in two tranches of US$20 million each, the first tranche…

Afreximbank
Source: Afreximbank |

Afreximbank finalizes US$925 million accordion disbursement for Project Gazelle Funding Limited

This announcement follows the success of the first accordion tranche of the US$3.3 billion facility

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has announced an additional disbursement of US$925 million under the syndicated US$3.3 billion crude oil-backed prepayment facility sponsored by the Nigerian National Petroleum Company (NNPC) Limited. This brings the total current funded facility size to US$ 3.175 billion. Arranged and coordinated by Afreximbank, the accordion…

Afreximbank

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    • Afreximbank commences the project development activities for an African Quality Assurance Center (AQAC), in Imo State Nigeria
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Source: Afreximbank |

Afreximbank commences the project development activities for an African Quality Assurance Center (AQAC), in Imo State Nigeria

Extends the Bank’s initiative to boost Africa’s export potential through the development of much-needed conformity assessment and accreditation infrastructure, ensuring African-produced goods meet international standards and regulations

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has announced the commencement of project development activities of its second African Quality Assurance Center (AQAC) in Ngor Okpala, Imo State, Nigeria, in collaboration with Bureau Veritas. Project development activities were launched at an event held on 3rd June 2024 in Imo State and attended…