30 results
- 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…
- 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…
- 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…
- 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…
- 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,’…
- 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…
- 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 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…
- 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…
- 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…
- 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.…
- 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…
- 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…
- 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…
- 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…
- 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…
- 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…
- 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…
- 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…
- 27 Sept 2015
Afreximbank Says it Remains Profitable
The African Export-Import Bank (Afreximbank), says it has remained highly profitable since its establishment in 1993. It said its Return on Equity (RoE) had been above 10 per cent in the last 10…
- 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…
- 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…
- 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…
- 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…
- 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…
- 2 Dec 2020
Afreximbank Launches MANSA, Africa’s Digital Due Diligence Repository
African Export-Import Bank (Afreximbank) has officially launched the operations of ‘MANSA’, a pan-African customer due diligence repository for financial institutions, corporate entities and SMEs,…
- 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…
- 5 Sept 2019
Afreximbank to Support Nigerian Manufacturers with $500m Facility
The African Export-Import Bank (Afreximbank) says it will allocate 500 million dollars from its Nigeria-Africa Trade and Investment Promotion Fund to support Nigerian manufacturers. According to a…
- 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…