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Tag: Afreximbank

Banking

Afreximbank allocates $3b to boost Africa’s refining capacity

Afreximbank has committed $3 billion to finance the purchase of refined products within Africa as part of efforts to increase the continent’s refining capacity. Africa currently exports around 80% of its crude oil and 45% of its natural gas, making it heavily reliant on imported refined products, according to the bank. Sub-Saharan Africa’s energy landscape […]

News

Afreximbank forecasts Africa’s inflation will drop to 7.2% in 2025

Africa’s average inflation rate is projected to decline from 8.6% in 2024 to 7.2% in 2025, according to the February 2025 Afreximbank Research Monthly Developments in the African Macroeconomic Environment report. The report highlights the historical correlation between inflation and interest rates, particularly during periods of high inflation. The study indicates that as inflationary pressures […]

Afreximbank creates payment solution to save traders $5bn
News

Nigeria tops Afreximbank beneficiaries with $52bn disbursement

Nigeria has received about $52 billion in total disbursements from Afreximbank, making it the bank’s top beneficiary in Africa. Afreximbank President and Board Chairman, Prof. Benedict Oramah, revealed this on Tuesday during the 2025 Annual Meetings Signing Ceremony in Abuja. Oramah stated that Afreximbank had disbursed at least $140 billion across Africa in the past […]

News

Afreximbank commits to aircraft financing for Nigerian airlines

Afreximbank has agreed to support aircraft financing for Nigerian airlines during a side meeting at the ongoing Aviation Economic Conference in Dublin, Republic of Ireland. The meeting, facilitated by Boeing’s Senior Director of Finance, Lereece Rose,, brought together key stakeholders to explore aircraft financing opportunities for Nigerian airlines. During the meeting, Afreximbank, led by Helen […]

News

AfreximBank to initiate capacity development for businesses in AfCFTA

The African Export-Import Bank announced plans to create a capacity development program targeted at allowing African enterprises to capitalize on the opportunities provided by the African Continental Free Trade Area. The continental bank announced on Wednesday that its academy would lead the capacity-building initiative in partnership with the AfCFTA Secretariat. AfCFTA is a free trade […]

News

Nigeria to get $1bn Afreximbank loan May

Nigeria is set to receive the balance of $1.05 billion from a $3.3 billion Afrexim bank loan backed by oil revenues by the end of May The loan is one part of a larger $3.3 billion prepayment facility, which Afreximbank has set up with the repayment terms relating to crude oil consignments from Nigeria’s National […]

News

Afreximbank predicts decline in Nigerian banks’ earnings

Analysts forecast that major banks in Nigeria would likely see a decline in earnings this year, which is attributed to challenges posed by the regulatory and market changes, according to a new report by Afreximbank. In the report, Nigerian banks especially, those dependent on foreign exchange, may suffer from a decline in their earnings as […]

Business

Afreximbank, denies payment of $3bn loan from NNPCL with $12bn

The President and Chairman of the Board of Directors of the African Export-Import Bank has denied that the Nigerian National Petroleum Corporation Limited’s $3.3 billion loan from the bank will be repaid at a 12% interest rate. According to him, the loan with its 6% margin is among the greatest values available. According to Arise News, Oramah disclosed […]