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Afreximbank
Source: Afreximbank |

Afreximbank launches US$3 Billion Revolving Intra-African Oil Import Financing Programme

This programme seeks to leverage the growing refining capacity that Afreximbank has helped establish across the continent, while aligning with the objectives of the African Continental Free Trade Area (AfCFTA) agreement

To address Africa's persistent reliance on imported refined petroleum products, which accounted for an amount of US$30billion annually in petroleum import costs due to inadequate refining, African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has launched a US$3 Billion Revolving Intra-African Oil Trade Financing Programme to finance the purchase of refined petroleum products…

Afreximbank
Source: Afreximbank |

Oando PLC Joins Afreximbank’s AfrexInsure Portfolio

The subsidiary provides comprehensive and tailored solutions that secure assets

AfrexInsure, the wholly-owned Specialty Insurance Subsidiary of African Export-Import Bank (“Afreximbank” or the “Bank”) (www.Afreximbank.com), has announced its onboarding of Oando PLC as one of its strategic clients, further strengthening the business relationship between Oando PLC and the Bank. With Oando on board its clientele portfolio, this new development aligns with…

Afreximbank

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    • Prof. Benedict Oramah, President and Chairman of the Board of Directors of African Export-Import Bank (Afreximbank) exchanges pleasantries with H.E. Mohamed Irfaan Ali, President of Guyana (right) during the Guyana Energy Conference
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Source: Afreximbank |

Afreximbank to Set up $1 Billion Oil Service Financing Facility in Guyana

Afreximbank Advocates for Increased Local Participation in Guyana’s Oil Value Chain

In a significant announcement at the Guyana Energy Conference and Supply Chain Expo being held from, February 18 - 21, Prof. Benedict Oramah, President and Chairman of the Board of Directors of African Export-Import Bank (Afreximbank) (www.Afreximbank.com), declared the multilateral Bank's intention to establish a $1 billion oil service financing…

Afreximbank

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    • Mrs. Helen Brume, Director, Project & Asset Finance (right) and Mr. Joseph Ilebode, Group Managing Director, JE Energy Limited (left), signing the agreement, witnessed by colleagues from both institutions
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Source: Afreximbank |

Afreximbank signs a $100 million Trade Finance Facility with JE Energy for the execution of Guyana crude oil export contracts

The facility is expected to help ensure that Guyana is able to trade internationally and to benefit from its natural resources while earning much needed foreign currency

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) on November 5 in Cape Town, South Africa, signed an agreement for a US$ 100-million Revolving Trade Finance Facility in favour of oil trader JE Energy Limited to support its contract implementation in the Republic of Guyana. Under the terms of the agreement signed on…

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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    • 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…