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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
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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    • 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 |

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 |

Congolese President Confers National Honors on Afreximbank President and Executive Vice President

President Nguesso told the audience that President Oramah and Dr. Elombi were being honoured for services rendered to the Congolese nation

H.E. President Denis Sassou Nguesso of the Republic of Congo conferred one of the country’s most prestigious national honours, the Officer of the Congolese Order of Merit, on Prof. Benedict Okey Oramah, President & Chairman of the Board of the African Export-Import Bank (Afreximbank) (www.Afreximbank.com), and Dr. George Elombi, the…

Afreximbank
Source: Afreximbank |

Trident OGX Congo secures US$300 million Afreximbank facility in deal to raise crude oil production growth in Congo

The transaction is expected to increase the Republic of Congo’s crude oil production level by up to 30 per cent and to add a considerable number of jobs to the country’s economy

The African Export-Import Bank (Afreximbank) (www.Afreximbank.com) in Brazzaville signed an agreement to provide a $300 million facility to Trident OGX Congo in a transaction expected to raise the Republic of Congo’s crude oil production by an estimated 30 per cent. Signed by Ibrahima Bagarama, Regional Chief Operating Officer - Central…

Afreximbank
Source: Afreximbank |

Gemcorp, Africa Finance Corporation and Afreximbank announce the financial close of Cabinda Oil Refinery with a US$335-million project financing facility

On completion of phase 1, the refinery will process 30,000 barrels of crude oil per day, delivering c. 10% of the country’s total demand for refined oil products

Gemcorp Holdings Limited (GHL), Africa Finance Corporation (AFC) and African Export-Import Bank (Afreximbank) (www.Afreximbank.com) are pleased to announce the financial close of the Cabinda Oil Refinery in Angola. The US$473 million project is financed through US$138 million of equity already provided by the project sponsors and US$335 million project financing facility led…