30 results
- 31 Mar 2021
NEXIM, Afreximbank Mobilise $50m Funding for SMEs
The Nigerian Export-Import Bank has announced its partnership with African Export-Import Bank to mobilise the sum of $50m to support Small and Medium Enterprises in Nigeria. NEXIM announced in Abuja…
- 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…
- 10 Nov 2023
UBA, Saudi EXIM Bank Partner to Enhance Business Relations and Export Growth
United Bank for Africa (UBA) Plc, Africa’s Global Bank, and Saudi Export-Import Bank (Saudi EXIM), a premier export credit agency in the Kingdom of Saudi Arabia, have announced a partnership aimed at…
- 12 Dec 2018
Heirs Holdings Inks $600m Facility Deal with Afrexim Bank, to Scale its Energy Investments.
African Export-Import Bank’s (Afrexim), has signed financing facilities totalling US$600 million with the Heirs Holdings Group, a pan-African proprietary investment holding company. This is as…
- 28 Jun 2019
Afreximbank Launches Pan-African Payment & Settlement Platform
The African Export-Import Bank (Afreximbank) will launch its new Pan-African Payment and Settlement (PAPS) Platform at the African Union (AU) Extraordinary Summit on July 7, 2019 in Niamey, Niger…
- 27 Aug 2020
NEXIM Bank, Yobe Sign Export Development Pact
The Nigerian Export-Import (NEXIM) Bank has signed a Memorandum of Understanding (MOU) with the Yobe State Government to facilitate export-related industrialization and attract investments that would…
- 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…
- 27 Jan 2014
NEXIM Bank Bags Best Performing African DFI
The Association of African Development Finance Institutions (AADFI) has rated the Nigerian Export-Import Bank (NEXIM) as ‘Best Performing African DFI.’ The decision was an outcome of the ‘2013…
- 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…
- 5 Nov 2020
Afreximbank Earmarks $1.5Bn To Boost African Economies
The African Export-Import Bank, Afrximbank has unveiled a $1.5 billion collaborative COVID-19 Pandemic Response Facility (COPREFA) to back African economies with rapid financial assistance to reduce…
- 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…
- 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…
- 28 Jun 2022
Afreximbank Unveils Pan-African Payment and Settlement System
The African Export-Import Bank has created a payment solution platform, Pan-African Payment and Settlement System, to facilitate instant cross-border payments in local African currencies. This is…
- 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…
- 9 Jun 2016
Dangote Acquires Shares in Afreximbank
The Dangote Group, Africa’s leading indigenous conglomerate, has become the latest corporate organisation to join the African Export-Import Bank as a shareholder. According to information released by…
- 29 Sept 2021
Afreximbank Launches Pan-African Payment Platform
In furtherance to the take- off of the African Continental Free Trade Area (AfCFTA), African Export-Import Bank (Afreximbank) has launched the pan-African payment and settlement system (PAPSS) to…
- 16 Jul 2018
BoI Secures $750M Afreximbank Loan at Single Digits for MSMEs
Bank of Industry (BoI) will be disbursing the $750 million (N250 billion) syndicated loan facility which she received from the African Export-Import Bank (Afreximbank) to Micro, Small and Medium…
- 26 Jul 2026
AfDB, Nigeria Urge African Control of Mineral Resources
Nigeria and the African Development Bank (AfDB), on Sunday, called for stronger African ownership of the continent’s vast mineral resources and advocated greater data sovereignty, regional…
- 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.…
- 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…
- 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…
- 2 May 2024
Afreximbank Urges African Countries to Strengthen Reserves with Gold
A report by African Export-Import Bank (Afreximbank) has stated that the current “high gold prices offer African countries an opportunity to strengthen their reserve portfolios with a safer asset…
- 27 Apr 2026
Afreximbank to Fund 3 New Refineries in Nigeria
African Export-Import Bank (Afreximbank) has disclosed plans to finance three additional refineries in Nigeria as part of a broader push to reduce the country’s reliance on imported petroleum…
- 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,’…
- 29 Oct 2019
Afreximbank to Establish Quality Assurance Centres in South East, South South
The Africa Export Import Bank is set to establish an Africa Quality Assurance Centre (AQAC) for the entire South East and South South regions in the country. The AfrEximBank is an export-import Bank…
- 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…
- 18 Jun 2026
AfreximBank Urges Nigeria, Others to Strengthen Continental Trade
The African Export-Import Bank (Afreximbank) has urged Nigeria and the rest of Africa to strengthen intra-African trade and resilience to protect against geopolitical shocks. In a recently released…
- 6 Dec 2023
IATF2023 Exceeds Targets with Recorded Deals Worth up to US$43.8 billion
African Export-Import Bank (Afreximbank) announces that the third Intra-African Trade Fair (IATF2023) held in Cairo from 9 to 15 November witnessed the conclusion of business deals and transactions…
- 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…
- 28 Sept 2021
NEXIM Launches N36B Fund to Promote SME Sectors Across Nigeria
The Nigerian Export-Import Bank (NEXIM) has launched a N 36 billion Export Development Fund to be disbursed to targeted export-oriented projects in the Small and medium-sized enterprises (SME) sector…