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Afreximbank

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    • Fund for Export Development in Africa (FEDA) and Africa Finance Corporation (AFC) power ARISE Integrated Industrial Platforms' (ARISE IIP) US$443 Million capital raise (1)
    • Fund for Export Development in Africa (FEDA) and Africa Finance Corporation (AFC) power ARISE Integrated Industrial Platforms' (ARISE IIP) US$443 Million capital raise (2) (FR)
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Source: Afreximbank |

Fund for Export Development in Africa (FEDA) and Africa Finance Corporation (AFC) power ARISE Integrated Industrial Platforms' (ARISE IIP) US$443 Million capital raise

The funds are intended to accelerate ARISE IIP's fast expansion and operational efficiency across its 12-country portfolio

ARISE IIP, a leading pan-African developer and operator of world-class industrial parks, has announced a significant capital raise of US$443 million. The funding includes a strategic US$300 million investment from Afreximbank’s development impact investment arm, The Fund for Export Development in Africa (FEDA), securing Afreximbank’s FEDA a significant stake in…

Afreximbank

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    • Mr. Harold Jiya, Chief Executive Officer, NBM Plc with Mr. Haytham ElMaayergi, Executive Vice President, Global Trade Bank Africa at Afreximbank
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Source: Afreximbank |

National Bank of Malawi Plc Secures landmark US$100 million financing facility from Afreximbank to support trade finance

The collaboration is expected to boost intra- and extra-African trade across NBM’s expanding geographical footprint in the southern African region

In a move set to significantly boost trade financing in Malawi, African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has signed a landmark US$100-million Trade Finance Facilitation Facility (AFTRAF) agreement with National Bank of Malawi (NBM) Plc, the country’s largest bank by assets. Representing the largest AFTRAF facility ever to be extended by…

Afreximbank
Source: Afreximbank |

Afreximbank and Government of São Tomé and Príncipe to host Investment Forum aimed at promoting investment and enhancing trade

The event will facilitate B2B engagements, present joint ventures, offer public-private-partnerships and allow for private sector business deals to be concluded

With an eye on promoting trade, investment and financing opportunities in São Tomé and Príncipe, African Export-Import Bank (Afreximbank) (www.Afreximbank.com), in partnership with the Government and the Promotion, Commerce and Investment Agency (APCI) of São Tomé and Príncipe are hosting the “São Tomé and Príncipe Investment Forum.” The forum is…

Afreximbank

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    • Representatives of the Algerian government, Afreximbank, AfCFTA and AUC sign the Hosting Agreement for the Intra-African Trade Fair 2025 (IATF2025) on April 15, 2024 in Algiers, Algeria
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Source: Afreximbank |

Countdown begins to the fourth Intra-African Trade Fair (IATF2025) in Algiers

IATF2025 will build on past successful editions in promoting trade and investment across Africa

Over 35,000 visitors from more than 140 countries across the world are expected to converge in Algiers, Algeria from 4 – 10 September 2025 to attend the Intra-African Trade Fair 2025 (IATF2025), Africa’s premier trade and investment event. During the week-long fair, more than 2,000 exhibitors, including businesses from the…

Afreximbank

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    • Mr. Denys Denya, Senior Executive Vice President, Afreximbank
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Source: Afreximbank |

Afreximbank Achieves Solid first half 2024 growth reflecting sound execution of its strategy amid macro-economic headwinds

Net Interest Income for H1’2024 grew by 24.5% to US$826.2 million, compared to US$663.6 million for the same period last year (H1’2023)

African Export-Import Bank (“Afreximbank” or the “Group”) (www.Afreximbank.com) has released its consolidated financial statements for the six months ended 30 June 2024. The Group’s results for the six months period once again demonstrate  resilience amid challenging macro-economic conditions. The Group delivered solid year-on-year growth across key performance metrics and an…

Afreximbank
Source: Afreximbank |

Afreximbank and Uganda Development Bank sign project preparation financing agreement

The implementation of the agreement is expected to help accelerate economic growth in Uganda through increased private sector investments in the targeted sectors

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) and the Uganda Development Bank (UDB) have signed a Joint Project Preparation Facility Framework Agreement to provide early project preparatory financing and technical support services to public and private sector entities. This is aimed at boosting Uganda’s industrialization and export development activities.   Under the…

Afreximbank

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    • Mr. Haytham ElMaayergi, Afreximbank’s Executive Vice President, Global Trade Bank
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Source: Afreximbank |

Afreximbank to double intra-African trade financing to $40 billion by 2026

Afreximbank had been a champion in facilitating intra-African trade since its founding and that it had committed US$1 billion to support the funding of the AfCFTA Adjustment Fund

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) plans to double its financing of intra-African trade from US$20 billion in 2021 to US$40 billion by 2026, Mr. Haytham ElMaayergi, Afreximbank’s Executive Vice President, Global Trade Bank, has said. Mr. ElMaayergi was addressing participants and guests in Abuja at the African Caucus Meeting of…

Afreximbank
Source: Afreximbank |

The Alliance of African Multilateral Financial Institutions (AAMFI) welcomes African Union (AU) Ministers' Decisions on African Multilateral Financial Institutions’ Preferred Creditor Status

The Ministerial declaration affirms the importance of the rights conferred on AMFIs by African Governments, including Preferred Creditor Status (PCS), crucial for reducing borrowing costs and deepening capital markets

The Alliance of African Multilateral Financial Institutions (AAMFI) held the third meeting of its Governing Council on the margins of the African Union Mid-Year Coordination Meeting, held in Accra, Ghana, during which it welcomed the endorsement of the Alliance by the African Union (AU) Ministers of Finance and Central Bank…

Afreximbank
Source: Afreximbank |

Afreximbank and the Inter-Governmental Action Group against Money Laundering in West Africa (GIABA) to host international Compliance Forum for Africa

The Forum will focus on the Financial Action Task Force's (FATF) requirements for identifying Ultimate Beneficial Owners (UBOs) and their far-reaching implications for trade facilitation

To improve global trade in Africa and align with international regulatory and compliance standards, African Export-Import Bank (Afreximbank) (www.Afreximbank.com), in partnership with the Inter-Governmental Action Group against Money Laundering in West Africa (GIABA), is hosting a high-profile Compliance Forum in Dakar, Senegal, from 4 to 6 September 2024. The Forum…

Afreximbank

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    • Some of the Joint Project Preparation Facility facilitators and attendees pose for a photo during the workshop
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Source: Afreximbank |

Afreximbank and Lesotho National Development Corporation host the first joint project preparation workshop

The workshop is part of Afreximbank’s continued push for the development and implementation of high-quality projects across Africa

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) and the Lesotho National Development Corporation (LNDC) co-hosted a Joint Project Preparation Facility (JPPF) workshop in Maseru, Lesotho, to help address investment gaps in project preparation and to highlight the critical role of project preparation. Organised under the theme “Leveraging Project Preparation to Boost Trade…