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Afreximbank
Source: Afreximbank |

Afreximbank delivers strong financial results for the nine months ended 30 September 2024, surpassing prior year’s performance despite a challenging operating environment

The Group delivered a solid performance, closing the third quarter in a strong financial position, evidenced by its healthy liquidity levels, better asset quality, and robust capital adequacy levels

African Export-Import Bank (“Afreximbank” or the “Group”) (www.Afreximbank.com) has released the consolidated financial statements of the Bank and its subsidiaries, for the nine months ended 30 September 2024 (9M’2024). The Group delivered a solid performance, closing the third quarter in a strong financial position, evidenced by its healthy liquidity levels,…

Afreximbank
Source: Afreximbank |

Afreximbank successfully prices its inaugural Samurai bonds, raising JPY81.3 billion (about USD 530 million equivalent) comprising JPY 67.2 billion 5 regular tranches and JPY 14.1 billion 3-year Retail Samurai (“The Transaction”)

Afreximbank successfully met its objective of achieving a benchmark transaction size of over JPY 30 billion and maximizing the size in longer tenors (up to 10 years)

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has successfully priced its debut Samurai bond, securing a regular 5 tranche JPY 67.2 billion consisting of 2-year, 3-year, 5-year, 7-year and 10-year fixed rate tranches. Concurrently, the Bank launched its inaugural Retail Samurai bond with a 3-year fixed-rated tranche valued at JPY 14.1 billion.…

Afreximbank

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    • Mr. Okechukwu Ihejirika (centre) Areximbank's Acting Chief Operating Officer, Caribbean office, receives the Medal of Glory award on behalf of Prof. Benedict Oramah
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Source: Afreximbank |

Afreximbank President Prof. Benedict Oramah awarded 2024 Medal of Glory for visionary leadership

The Medal of Glory award, presented annually during the AfrICANDO Awards Gala Dinner, recognises exemplary leaders for important contributions

Prof. Benedict Oramah, President and Chairman of the Board of Directors of the African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has received the 2024 Medal of Glory award presented by the AGOA Civil Society Organization Network in Miami, United States. Presented during the 25th Annual U.S.-Africa Trade and Investment Conference/Expo (AfriCANDO 2024),…

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

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    • Afreximbank asserts Africa’s climate position at the Conference of the Parties (COP29); advocates for a just and equitable energy transition for economic development
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Source: Afreximbank |

Afreximbank asserts Africa’s climate position at the Conference of the Parties (COP29); advocates for a just and equitable energy transition for economic development

A primary objective of the Bank will be to advocate for the swift operationalization of the Loss and Damage Fund, which provides financial support to countries suffering from climate-related losses

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) is participating at COP29 in Baku, Azerbaijan, where it is doubling-down on its commitment to facilitating a just energy transition for Africa that supports the continent’s critical development needs and unlocks its economic potential. The Bank’s participation will align with the African Union’s Nairobi Declaration…

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

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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
Source: Afreximbank |

The Gambia becomes nineteenth signatory state of the Establishment Agreement of Fund for Export Development in Africa (FEDA)

This milestone follows a wave of recent accessions by other countries, which is driving FEDA’s momentum in broadening its scope of interventions and its mission of delivering long-term capital to African economies

The Republic of The Gambia has acceded the Establishment Agreement of the Fund for Export-Development in Africa (FEDA), the development impact investment arm of African Export-Import Bank (Afreximbank) (www.Afreximbank.com). With this accession, The Gambia becomes FEDA’s nineteenth member, reinforcing its commitment to fostering economic growth and development. This milestone follows a…

Afreximbank
Source: Afreximbank |

Malawi Accedes to the Establishment Agreement for Afreximbank’s Fund for Export Development in Africa (FEDA)

This key milestone reflects the Fund's growing support across Africa, bringing the total number of participating countries in FEDA to eighteen

The Fund for Export Development in Africa (FEDA), the development impact investment arm of African Export-Import Bank (Afreximbank) (www.Afreximbank.com), has announced the Republic of Malawi’s accession to the FEDA Establishment Agreement. This key milestone reflects the Fund's growing support across Africa, bringing the total number of participating countries in FEDA…

Afreximbank

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    • L-R: Mr. Haytham Elmaayergi, Executive Vice President, Global Trade Bank at Afreximbank, H.E. Prof. Benedict Oramah, President and Chairman of Board of Directors of Afreximbank, Professor Yemi Osinbajo, SAN, GCON, the Immediate Past Vice President of the Federal Republic of Nigeria, H.E. Monique Nsanzabaganwa, Ph.D. Deputy Chairperson, African Union Commission and Mr. Dennys Denya, Senior Executive Vice President, Afreximbank
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Source: Afreximbank |

Afreximbank Calls for Increased Collaboration to Accelerate the Green Energy Transition in Africa

The Keynote speaker at the eighth Babacar Ndiaye Lecture in Washington, D.C., Professor Yemi Osinbajo, spoke about the role of the AfCFTA in Addressing Africa’s climate Change and Development Challenges

The eighth Babacar Ndiaye Lecture held at the Four Seasons Hotel in Washington D.C., on 26 October 2024, under-scored the need for African nations to strike a balance between short-term development imperatives and long-term climate goals.  Under the theme “Saving Lives Today versus Saving the Planet for the Future: Can…