We use cookies to improve your experience. By your continued use of this site you accept such use.
Afreximbank

  • Multimedia content

  • Images (1)
    • 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
  • All (1)
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

  • Multimedia content

  • Images (1)
    • Mr. Adebisi Abidemi Adebutu, Group President of R28 Holdings with Mrs. Kanayo Awani, Executive Vice President Intra Africa Trade and Export Development, Afreximbank
  • All (1)
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

  • Multimedia content

  • Images (1)
    • Afreximbank commences the project development activities for an African Quality Assurance Center (AQAC), in Imo State Nigeria
  • All (1)
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…

Afreximbank
Source: Afreximbank |

Afreximbank and MobiHealth Sign Project Preparation Facility to Drive Digital Healthcare Solutions Across Africa

MobiHealth’s platform utilizes local and diaspora medical professionals who are able to diagnose and prescribe to patients remotely

The African Export-Import Bank (Afreximbank) (www.Afreximbank.com) and MobiHealthCare Limited (MobiHealth) have signed a project preparation facility agreement that is expected to bolster the expansion of Mobihealth’s telemedicine services in Nigeria, and also assess the feasibility of establishing similar services in Egypt, Ghana, Kenya and Cote d’ Ivoire. Under the terms of…

Afreximbank
Source: Afreximbank |

Afreximbank to offer Supply Chain Finance in Nigeria in partnership with Sterling Bank

The partnership with Sterling Bank is a unique and innovative arrangement which leverages the complementary strengths of both institutions to provide a comprehensive market-led solution to Nigerian corporates

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has partnered with Sterling Bank to introduce the innovative supply chain finance product ‘Payables Finance’, in Nigeria. This product, branded as ‘Afreximbank Tradelink,’ is one of Afreximbank’s digital offerings under the umbrella of the Africa Trade Gateway (ATG). ATG provides African corporates and commercial banks with…

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 |

President Oramah delivers 8th Goddy Jidenma biennial lecture

AFREXIMBANK President, Benedict Oramah, says Africa’s economic progress depends on its response to unprecedented de-globalisation

How Africa and the rest of the developing world manoeuvre the emerging challenges presented by the unprecedented de-globalisation of the world could potentially make or mar their economic progress in the years ahead, Prof. Benedict Oramah, President and Chairman of the Board of Directors of the African Export-Import Bank (Afreximbank)…