NNPCL secures $2bn oil-for-cash loan from Afreximbank, UBA
The African Export-Import Bank as well as the United Bank for Africa have disbursed $2.25 billion from a $3.3 billion oil-for-cash loan…
Afreximbank
Afreximbank president named Forbes Africa’s Person of the Year
The President of the African Export-Import Bank, Prof. Benedict Oramah, has been named a FORBES AFRICA magazine 2023 Person. The Times reported that this…
Afreximbank adds 11 African central banks to continental payment system
The Pan-African Payment and Settlement System of the Africa Export-Import Bank now includes 11 African central banks, with the rest expected to join…
AFREXIM, Fidelity Bank, JohnVents sign $40m cocoa export deal
Fidelity Bank, African Export-Import Bank, and JohnVents Industries struck a $40 million cocoa export transaction at the Fidelity Bank International Trade and…
Nigeria gets Afreximbank’s $350k to develop inland waterways
The African Export-Import Bank has donated $350,000 to maximize the use of transportation on Nigeria’s interior waterways. According to The Sun, the…
Afreximbank purchases 5% of Geregu Power shares
Afreximbank has completed the acquisition of five per cent of the shares of Geregu Power Plc. According to The BusinessDay, the purchase…
Afreximbank launches TRADAR Club to boost African trade
African Export-Import Bank has launched TRADAR Club, a member-driven network aimed at empowering international businesses and executives to transform trade and investments…
Afreximbank creates payment solution to save traders $5bn
In order to facilitate instant cross-border payments in local African currencies, the African Export-Import Bank has created a payment solution platform, Pan-African…