30 results
- 30 Jan 2026
Fitch Downgrades Afreximbank to ‘BB+’/Stable Amid Concerns Over Ghana’s Debt
Fitch Ratings has downgraded African Export-Import Bank’s (Afreximbank) Long-Term Issuer Default Rating (IDR) to ‘BB+’ from ‘BBB-’. Fitch also downgraded Afreximbank’s Short-Term IDR to ‘B’, from…
- 15 Jul 2021
Standard Chartered $200m Facility with Afreximbank for AU COVID-19 Vaccination Acquisition Programme
African Export-Import Bank (Afreximbank) and Standard Chartered have announced an agreement for Standard Chartered to provide USD 200m of not-for-profit funding towards Afreximbank’s structured…
- 1 Apr 2024
Afreximbank, Sterling to Offer Supply Chain Finance in Nigeria
African Export-Import Bank (Afreximbank) has partnered with Sterling Bank to introduce ‘Payables Finance’, a supply chain finance product in Nigeria. This product, branded as ‘Afreximbank Tradelink,’…
- 15 Dec 2022
GAIN and Afreximbank Empower Young African Entrepreneurs
Grand Africa Initiative (GAIN) in collaboration with Africa Export-Import Bank (AFREXIMBANK) trained young African Entrepreneurs from across Africa. The program GAIN-AFREXIMBANK Masterclass on…
- 26 Oct 2025
Afreximbank Targets $250bn Balance Sheet Growth in 10 years
The African Export-Import Bank (Afreximbank)’s shareholders have set an ambitious target to grow the balance sheet of the bank to $250 billion within 10 years. George Elombi, president of Afreximbank…
- 25 Mar 2020
Afreximbank Creates $3Bn Pandemic Credit Facility for Africa
The African Export Import Bank (Afreximbank) is creating a $3 billion credit facility to help African countries overcome the effects of the coronavirus pandemic, Afreximbank announced in a statement.…
- 6 Jun 2022
Afreximbank Supports Titan Trust Bank with $300m Facility
African Export Import Bank (Afreximbank) yesterday said it had secured a $300 million Intra-African Investment Financing Facility to Titan Trust Bank (TTB) to support its acquisition of a majority…
- 18 May 2021
Afreximbank Closes $1.3B Bond
The African Export-Import Bank (Afreximbank) recently achieved a historic feat as it successfully closed a US$1.3 billion dual tenor bond issuance, being its largest-ever transaction in the…
- 11 Feb 2025
Afreximbank Invests $52bn in Nigeria, Plans Energy Bank
The African Export-Import Bank (AFREXIMBANK) has invested a total of $52 billion in Nigeria, making the country the largest recipient of the bank’s trade and development financing. Prof. Benedict…
- 25 Sept 2025
Afreximbank Partners Automakers to Drive Africa’s Industrialization
African Export-Import Bank (Afreximbank) has renewed its memorandum of understanding (MoU) with the African Association of Automotive Manufacturers, harmonising efforts to promote intra-African trade…
- 1 Apr 2017
AfDB Approves $450m Trade Finance Package for Afreximbank
The Board of Directors of the African Development Bank (AfDB) has approved on $450 million Trade Finance Package for the African Export–Import Bank (Afreximbank). The facility consists of a 3-year…
- 18 Jul 2022
Afreximbank Gets its GCR Rating Upgraded to ‘A’
The Global Credit Rating (GCR) has upgraded African Export-Import Bank (Afreximbank) international scale long-term issuer rating from A- to A, with stable outlook. The rating agency also upgraded the…
- 7 Jul 2022
Afreximbank Signs Deal with UTM on Financing for Historic Floating LNG Project
African Export-Import Bank, Afreximbank, yesterday disclosed that it has executed a project preparation facility financing head of terms with UTM Offshore Limited, under which the Bank will…
- 11 Jun 2024
Afreximbank Provides $40m to Fidelity Bank to Facilitate Acquisition of Union Bank UK
African Export-Import Bank (Afreximbank) has said that it disbursed a $40 million intra-African investment facility to Fidelity Bank Nigeria Plc. According to a statement yesterday, the facility…
- 23 Feb 2024
Afreximbank Mulls Currency Trading Platform to Bridge $50bn Intra-Africa Trade Gap
The African Export-Import Bank (Afreximbank) has announced plans to launch its currency trading platform in a bid to bridge the Intra-African trade financing gap estimated at over $50 billion…
- 24 Aug 2017
Afreximbank Targets $1Bn to Boost African Trade
Dr. Benedict Oramah, President, Afreximbank, yesterday in Lagos met with leading Nigerian investors to push for strong participation in the bank’s $300 million equity offering. He told investors that…
- 29 Jul 2026
Afreximbank Raises $1.5b in Largest-ever Bond Issuance
African Export-Import Bank (Afreximbank) has successfully priced a $1.5 billion dual-tranche Reg S/144 senior unsecured benchmark Eurobond, marking its first dollar public bond issuance since July…
- 11 Apr 2018
Afreximbank to Assist Nigeria Airline Operators Acquire New Aircraft
AS part of its, efforts at improving the air transport infrastructure across Africa, the African Import Export Bank, Afreximbank and the Russian Export Center, REC, Wednesday, began a roadshow in…
- 5 Jan 2020
Afreximbank Tops Africa Capital Markets League Table
The African Export-Import Bank (Afreximbank) has emerged on top of the Bloomberg 2019 Africa Capital markets league tables as the leading Bookrunner in Africa. The 2019 Africa Capital Markets…
- 19 Mar 2019
Afreximbank Urges African SMEs to Engage Factoring to Ease Access to Finance
The African Export-Import Bank (Afreximbank) has urged all African SMEs to engage factoring as a viable and sustainable solution to address the challenge of access to financing for their businesses.…
- 26 Sept 2023
Afreximbank Seeks Participation of SME in Global Trade
The African Export-Import Bank (Afreximbank) has called on African countries to prioritise the development of public and private export trading companies (ETCs) to position their small and medium…
- 17 May 2024
Afreximbank Deepens Ties On $350m Project Support Facility
African Export-Import Bank (Afreximbank) has concluded arrangements for a facility of $250 million with the International Islamic Trade Finance Corporation (ITFC) and $100 million with the Islamic…
- 13 Jul 2018
AfDB, AfreximBank Sign Strategic Factoring Project to Support African SMEs
The African Development Bank, through its Trade Finance operations, and Afreximbank yesterday signed a Grant Agreement to support the development of factoring (a form of debtor finance in which a…
- 21 Jul 2021
Fitch, GCR Upgrade Afreximbank’s Outlook
African Export-Import Bank (Afreximbank) has received a set of strong credit rating affirmations and “Positive” outlooks from Moody’s, Fitch Ratings, and GCR Ratings, underlining its resilient…
- 18 Feb 2020
Stanbic IBTC Signs Agreement with Afreximbank on ₦300bn Bond Issuance
Stanbic IBTC Capital Limited, a subsidiary of the Stanbic IBTC Holdings PLC, has established a ₦300 billion Domestic Bond Programme for the African Export-Import Bank (Afreximbank). The signing…
- 3 Sept 2024
GAIN, Afreximbank Trains 300 Young African Entrepreneurs On Entrepreneurship Intra-African Trade
The Grand Africa Initiative (GAIN) in partnership with the African Export-Import Bank (Afreximbank), has trained 300 young African entrepreneurs drawn from various regions of Africa, in its 2024…
- 15 Jun 2022
Afreximbank Mobilises $35b for African Development
The African Export-Import Bank (Afreximbank) has mobilised a whopping $35 b for the development of the continent, in the last five years. Prof. Benedict Oramah, the President of the bank, disclosed…
- 19 Dec 2022
Afreximbank Inaugurates TRADAR Club to Transform African Trade
African Export-Import Bank (Afreximbank) has inaugurated TRADAR Club, a prestigious member-driven network aimed at empowering international businesses and executives to transform trade and…
- 1 Nov 2023
Lagos, Afreximbank Sign $1.35bn Facility for Infrastructure
Lagos State and the African Export-Import Bank (Afreximbank), supported by Access Holding Plc have signed a deal for a $1.35 billion facility for infrastructure and food security in the state. The…
- 21 May 2024
Afreximbank Launches CANEX Prize for Publishing in Africa
Afreximbank, has officially announced the launch of the CANEX Prize for Publishing in Africa, a partnership between the CANEX Book Factory and the Narrative Landscape Press Limited. The CANEX Book…