Afreximbank and the Africa Trading and Distribution Company (ATDC) have signed a 500 million dollar Global Credit Facility to support trade, movement and distribution of commodities across African and global markets. This is contained in a statement issued by Vincent Musumba, Communications and Events Manager, Afreximbank, in Abuja on Monday. …
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The African Export-Import Bank (Afreximbank) and its subsidiaries (the Group) recorded a 30 per cent increase in net income to 534.7 million dollars in the first half of 2026. The bank disclosed this in a statement issued by Vincent Musumba, Communications and Events Manager, Afreximbank, on Wednesday, on its financial …
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Afreximbank has appointed US-based One Street Studios as co-general partner of its Pan-African Film Fund, marking the first major implementation step since the initiative was launched in 2025 and advancing plans to mobilise up to $1bn for Africa’s film and creative industries. Backed by Afreximbank through its development impact investment …
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THE African Export-Import Bank (Afreximbank) says it has disbursed 50 billion Dollars into various sectors of Nigeria in the last 10 years. Prof. Benedict Oramah disclosed this at the Commissioning of the Afreximbank African Trade Centre (AATC) in Abuja on Thursday. Oramah said the sectors included energy, infrastructural, manufacturing, healthcare, …
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KENYA’S industrial and export ambitions have received a major boost as the African Export-Import Bank (Afreximbank) has committed to financing the development of industrial parks (IPs) and special economic zones (SEZs) across the country. The initiative, which was formalised at a signing ceremony in Mombasa, aims to enhance manufacturing, value addition, and …
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Shareholders of the African Export-Import Bank (Afreximbank) have approved an increase in the authorised share capital from five billion dollars to 25 billion dollars. A statement issued by Vincent’s Musumba, Afreximbank’s Manager, Communications and Events on Wednesday, said the increase recognised the rapid growth of the bank in response to …
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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 Events, said the two organisations would promote global trade by …
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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 into two tranches in Euro and Central African Francs (XAF), …
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Afreximbank and First Bank of Nigeria (FBN) have signed a $200 million facility agreement for financing the needs of the bank’s clients. The agreement was signed at the ongoing 31st Afreximbank Annual Meetings (AAM2024) in Nassau, Bahamas, on Friday, June 14, 2024. The facility is expected to finance the needs …
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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. Provided in two tranches of $20 million each, the first …
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