The African Export-Import Bank (Afreximbank) has concluded financing facilities totaling $190 million for CBZ Bank Limited in Zimbabwe, aimed at supporting the country's economic growth.
A $5.3 million cross-border fuel (gasoil) trade transaction has been successfully completed with the support of the Africa Trade Gateway (ATG), the flagship digital trade ecosystem of the African Export-Import Bank (Afreximbank).
Nigerian President Bola Tinubu has ordered the Independent Corrupt Practices and Other Related Offences Commission (ICPC) to investigate a scandal involving a fake presidential intervention council. The ICPC has been given 30 days to complete its probe into the matter.
The Nigeria Customs Service (NCS) and the African Export-Import Bank (Afreximbank) have reaffirmed their commitment to enhancing cooperation. The partnership aims to promote seamless cross-border trade and accelerate implementation of related initiatives.
Afreximbank has confirmed that the Dangote Refinery is playing a crucial role in stabilizing Nigeria's currency, the naira, and alleviating foreign exchange pressure by significantly reducing the country's fuel imports.
Leading organizations, including Afreximbank and Berger Paints, have convened to outline a sustainable investment strategy for Nigeria's rapidly expanding facility management industry.
Afreximbank is providing funding for the construction of three new refineries in Nigeria, aiming to curb the country's reliance on fuel imports. This initiative is expected to boost Nigeria's domestic refining capacity.
Afreximbank is supporting the Dangote Group as it targets $100 billion in annual revenue by 2030, a goal that will require an estimated $40 billion in new investments to achieve its continental ambitions.
Afreximbank has announced a $10 billion support plan aimed at easing the economic impact of the Middle East conflict on countries in Africa and the Caribbean. The initiative seeks to provide financial assistance to regions affected by the ongoing geopolitical tensions.
The African Export-Import Bank (Afreximbank) has extended an offer of financial assistance to Botswana. This initiative aims to support the country's economic development and stability.
Egypt has been selected to host the 33rd annual meetings of the African Export-Import Bank (Afreximbank), bringing together key financial and trade stakeholders.
The African Export-Import Bank (Afreximbank) and Gebeya have launched the CANEX Create-thon 2026, a $50,000 pan-African competition aimed at boosting Nigeria's and Africa's creative industry.
The African Export-import Bank (Afreximbank) has approved a $200 million financing facility for Nigeria’s Shoreline Power Company Limited. This funding is intended to support a major oil and gas infrastructure project in Algeria.
The Federal High Court in Nigeria is scheduled to rule in September on a preliminary objection challenging its jurisdiction in an intellectual property lawsuit filed against Afreximbank.
Afreximbank is advocating for Nigeria and other African countries to cease exporting raw lithium, encouraging them to process it domestically for electric vehicle (EV) production. This move aims to boost local industrialization and value creation.
Elombi of Afreximbank noted that Africa operates with 42 different currencies, resulting in an estimated loss of five billion euros annually in associated costs.
S&P Global Ratings has assigned Afreximbank an investment grade rating of 'BBB+/A-2', reflecting the bank's growing strategic importance and its role in supporting African economies through global and regional uncertainties.
Afreximbank has launched its third AfCFTA bootcamp, encouraging businesses to leverage the opportunities presented by the African Continental Free Trade Area agreement.
GCRP is designed to, among others sustain essential imports - including fuel, LNG, food, fertiliser, pharmaceuticals – by providing vital short-term Foreign Exchange (FX) and liquidity to support…
The African Export-Import Bank has underwritten $2.5 billion of a $4 billion senior syndicated term loan for the Dangote Petroleum Refinery and Petrochemicals, reinforcing the project's financial position and demonstrating strong investor confidence.
Woodhall Capital hosted an exclusive dinner in Lagos to honor Prof Benedict Oramah of Afreximbank, recognizing his visionary leadership that has significantly reshaped Africa's financial and commercial landscape.
Afreximbank has ended its relationship with Fitch Ratings, leading to discussions about African multilateral ratings and the implications of South Africa's full membership in Afreximbank.
Spiro has secured $50 million from Afreximbank and other investors to expand its battery-swapping network across Africa, aiming to boost electric mobility.
Afreximbank successfully issued a record €1.32 billion in bonds across two tranches, demonstrating strong investor confidence with demand exceeding supply twofold and reduced interest rates.
Several organizations have announced new leadership, including Kevin Buchel becoming CEO of NAPCO and Brittany Schaffer taking the helm at the Country Music Association. Additionally, Jason Brenek was named CEO of Fathom Entertainment, and Air Canada appointed Anko Van der Werff as its new chief executive.
Nigerian political parties are under pressure to meet the Independent National Electoral Commission's (INEC) deadline for uploading candidate information for the 2027 general elections. This comes amidst various other national news, including economic reports and social initiatives.
Nigeria announced its intention to seek compensation for property abandoned by its citizens who fled South Africa. This move follows the return of five Nigerians who were freed from a prison in Côte d’Ivoire, highlighting broader issues of citizen welfare abroad.
Afreximbank has signed a $500 million term loan facility with the Central Bank of Tunisia, aimed at supporting the realization of the country's strategic goals.
NAB Consulting, in collaboration with Coris Bank Niger, has successfully completed a €250 million structured finance facility for the Republic of Niger, with funding provided by the African Export-Import Bank (Afreximbank).
Afreximbank announced strong 2025 financial results, with its net profit increasing by 18% to $1.15 billion and total assets reaching N56.7 trillion, significantly boosting African trade.
The Africa Export-Import Bank (Afreximbank) has successfully raised $2 billion through a three-year dual-tranche syndicated loan, marking its largest-ever transaction of this kind.
…..Validating digital factoring as key to Africa’s trade future Capsa Technology, a digital marketplace for alternative trade finance in Africa, has been named a finalist in the prestigious Afreximbank flagship accelerator programme.Out of a rigorous global field of 1,600+ high-growth ventures, Capsa was selected as one of only eight companies positioned to fundamentally reshape trade […]
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