AT the recent CANEX WKND 2024 in Algiers, angel investors connected with the African Export–Import Bank (Afreximbank) pledged $350,000 to support three of Africa’s top creative startups. The investment commitments followed a dynamic pitch competition, CANEX Presents the Angels, where 12…
Hannatu Musawa, Minister of Arts, Culture and the Creative Economy, has secured a $200 million financing facility with the African Export-Import Bank to support the growth of the country’s creative industries. Musawa disclosed this in a statement through her media…
IN a significant boost to trade financing in Malawi, the African Export-Import Bank (Afreximbank) has signed a landmark $100 million Trade Finance Facilitation Facility (AFTRAF) agreement with the National Bank of Malawi (NBM). The deal, the largest of its…
African Export-Import Bank has signed a Memorandum of Understanding (MoU) with the World Trade Organisation (WTO) to amplify the impact of their strategically aligned joint efforts of promoting global trade. A statement issued by Vincent Musumba, Afreximbank’s Manager, Communications and…
In two deals signed at the recently concluded Afreximbank Annual Meetings, African Export-Import Bank (Afreximbank) (www.Afreximbank.com) is providing a US$60 million line of credit and a US$20 million Afreximbank Trade Facilitation Programme (AFTRAF) facility to CBZ Bank Limited, Zimbabwe’s largest…
THE African Export-Import Bank (Afreximbank) has signed an indicative term sheet with APD-Cameroon for the development and operation of a new port terminal in Douala, Cameroon, estimated to cost EUR210 million. According to the agreement, the financing will be divided…
THE African Export-Import Bank (Afreximbank) has announced a $40 million disbursement from its intra-African investment facility to Fidelity Bank Nigeria Plc. This funding will support Fidelity Bank’s acquisition and recapitalisation of Union Bank UK, aligning with its international expansion strategy.…
Nigeria has become the latest signatory to the Establishment Agreement of the Fund for Export Development in Africa (FEDA), the development impact-oriented subsidiary of African Export-Import Bank (Afreximbank). This is contained in a statement signed by Vincent Musumba, Manager, Media Relations,…
AFRICAN Export-Import Bank (“Afreximbank” or the “Group”) (www.Afreximbank.com) has released the consolidated financial statements of the Bank and its subsidiaries for the year ended 31 December 2023. Largely propelled by the Bank’s and its subsidiaries’ growth, the Group’s results…
THE official Italian financial institution for international development cooperation and Afreximbank have signed a Memorandum of Understanding(MoU) for a 100 million euros facility to support food security in Africa. A statement issued by Vincent Musumba, Manager, Communications and Events, Afreximbank,…
