11 results
- 8 Jun 2013
AfDB Inks $100m Agreement with Commerzbank AG to Support African Trade Finance
African Development Bank (AfDB) has formally signed $100 million unfunded Risk Participation Agreement (RPA) with Commerzbank AG under which the two banks will share the default risk on a portfolio…
- 23 May 2013
AfDB Approves $100m Agreement with Commerzbank AG for Trade Finance in Africa
Board of Directors of the African Development Bank (AfDB) has approved $100 million unfunded Risk Participation Agreement (RPA) between the AfDB and Commerzbank AG under which the two banks will…
- 5 Apr 2018
AfDB Approves a $50M Risk Participation Agreement to Address Africa’s Trade Finance Market
The Board of Directors of the African Development Bank has approved a US $50-million unfunded Risk Participation Agreement for Commerzbank AG (Commerzbank). The Risk Participation will leverage…
- 9 Jan 2014
FCMB Signs $150m Syndicated Term Loan Facility
Commerzbank Aktiengesellschaft and Standard Chartered Bank, acting as Initial mandated lead arrangers and book-runners, have disclosed the successful signing of a $150 million Senior Unsecured Term…
- 31 Jan 2018
UBA Syndicated Loan Stimulates Appetite in Nigeria
United Bank for Africa (UBA) has raised a US$160mn syndicated trade finance facility, which experts say is a sign that appetite is returning for the financially beleaguered country. GTR is the…
- 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…
- 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…
- 12 Aug 2026
AFC Raises $430m in Digital Bond to Deepens Digital Financial Infrastructure
The Africa Finance Corporation (AFC) has raised CHF350 million, about $430 million, through a five-year digital bond, marking a major step in the use of regulated digital financial infrastructure by…
- 5 Mar 2014
US Freezes Abacha’s $458m Loot
United States said Wednesday it had ordered a freeze on $458 million in assets stolen by former Nigerian dictator Sani Abacha and his accomplices and hidden in European accounts. The Justice…
- 17 Nov 2014
Ecobank Nigeria secures $150m Loan from Foreign Banks
Ecobank, Nigerian unit of pan-African lender said on Monday it has secured $150 million in a debt facility from a group of international banks to grow its loan book. The loan, which attracted…
- 15 Nov 2017
Robert Taiwo Emerges MD, Phillips Consulting
By peter oluka The Board of Phillips Consulting Ltd (PCL) has announced the appointment of Mr. Robert Taiwo as managing director, reporting directly to the Executive Chairman, Foluso Phillips. The…