Tag Archives: Afreximbank

African Export-Import Bank has underwritten $2.5 billion in a $4 billion senior syndicated term loan for Dangote Petroleum Refinery and Petrochemicals, in a move aimed at strengthening the refinery’s financial position and supporting its long-term growth and expansion strategy.

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In recognition of his unwavering commitment to Africa’s development, Fidelity Bank Plc recently hosted a grand black-tie dinner to celebrate the retirement of Professor Benedict Okechukwu Oramah, outgoing President and Chairman of the African Export-Import Bank (Afreximbank), after ten years of transformative leadership.

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Vice President Senator Kashim Shettima has called on the African Union (AU), African Development Bank (AfDB), and Afreximbank to support the efforts of the Chartered Risk Management Institute of Nigeria (CRMI) in tackling the growing wave of global risks confronting Africa.

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African Export-Import Bank (Afreximbank) has announced the signing of a US$1.35 billion financing facility in favour of Dangote Industries Limited (DIL). The facility is part of a larger approximately US$4 billion syndicated financing arrangement for Dangote Industries Limited (DIL), Africa’s largest industrial conglomerate. Afreximbank acted as the Mandated Lead Arranger, for the syndication

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By Folake Sokoya In a historic move to reimagine economic growth for Africa and the Caribbean, the African Export-Import Bank (Afreximbank) is sponsoring the launch of pilot Artificial Intelligence (AI) hubs that aim to transform the regions into competitive forces in the global tech landscape. The groundbreaking initiative, to be coordinated by the PJ Patterson Institute for Africa-Caribbean Public Advocacy …

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To foster more private sector participation in the drive towards the achievement of the Sustainable Development Goals (SDGs) in Africa, the Sterling One Foundation has announced African Export-Import Bank

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Oando PLC closed the past week with two big ones. In a recent statement the indigenous energy company announced it was a party to the Project Gazelle financing deal, by contributing US$550 million to the total disbursed amount of US$925 million.

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African Export Import Bank (Afreximbank) has announced the disbursement of a US$150 million finance facility to First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider.

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In line with ongoing measures toward the take-off of African Continental Free Trade Area (AfCFTA), the African Export-Import Bank (Afreximbank) has disclosed that out of the $1 billion Nigeria-Africa Trade and Investment Promotion Programme (NATIPP) financing fund, it has allocated $500 million to support local manufacturers and exporters to take advantage of opportunities offered by the AfCFTA.

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— As Afreximbank Chief Says Hosting Agreement Signed Bayo Akinloye The second Intra-African Trade Fair (IATF2020) scheduled to take place in Kigali from September 1 to 7, 2020, will target the execution of Intra-African trade deals worth more than $40 billion, Prof. Benedict Oramah, President of the African Export-Import Bank (Afreximbank), announced today.  Prof. Oramah was speaking in Kigali at the …

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