Browsing Tag

Afreximbank

FirstBank gets $150m from Afreximbank to support businesses

Lydia Ngwakwe Jun 14, 2022 0

African Export Import Bank (Afreximbank) has disbursed 150 million dollars to First Bank of Nigeria Ltd., under it’s Pandemic Trade Impact Mitigation Facility (PATIMFA). Group Head, Marketing and Corporate Communications, FirstBank, Mrs…

Economy

Afreximbank signs $1.04bn petroleum exploration deal with NNPC

Agency Report Nov 18, 2021 0

The African Export-Import Bank (Afreximbank) has signed a $US1.04 billion facility with the Nigerian National Petroleum Corporation (NNPC) to finance the exploration of petroleum. The agreement was concluded on Tuesday in Durban during…

Business

We appreciate your support to Nigeria’s economy – Buhari tells Afreximbank

Ismaila Chafe Nov 15, 2021 0

President Muhammadu Buhari has assured that the Nigerian government will continue to support efforts that would broaden the economy through multilateral financing. The president, according to a statement by his media aide, Malam Garba…

Features

AfCFTA: With $3trn GDP, Africa will be largest free trade area worldwide — Afreximbank

Itohan Abara-Laserian Sep 23, 2021 0

The Africa Export-Import Bank (Afreximbank) says with a Gross Domestic Product (GDP) of US$ 3 trillion, Africa will be the biggest free trade area in the world. Prof. Benedict Oramah, the President/Chairman, Board of Directors,…

Business

Afreximbank Disburses $250m to Nigerian Company to Acquire 45% Stake in Oil Lease

Folasade Akpan Jan 28, 2021 0

Afreximbank has disbursed 250 million dollars as part of its support for Trans Niger Oil and Gas Ltd (TNOG) to acquire a 45 per cent stake in Oil Mining Lease (OML) 17 onshore oilfield. The NNPC holds 55 per cent equity in the…

Economy

Q3-2020: Afreximbank’s African Commodity Index Declines Moderately

Folasade Akpan Nov 18, 2020 0

The African Export-Import Bank (Afreximbank) says that in its Quarter Three 2020 (Q3-2020) reading of the Afreximbank African Commodity Index (AACI), its composite index fell marginally by one per cent quarter-on-quarter. It made this…

Economy

Afreximbank Partners International Trade Centre To Enhance Businesses In Africa

Jacinta Nwachukwu Jun 3, 2020 0

The African Import-Export Bank (Afreximbank), says it is collaborating with International Trade Centre (ITC), to help businesses make the most of the African Continental Free Trade Area. SEE ALSO: Lagos Govt Says Lekki Free Trade Zone…

Economy

Afreximbank, FCI Collaborate on Factoring in SMEs Financing

Nana Musa Feb 25, 2020 0

The African Export-Import Bank (Afreximbank), in collaboration with Factors Chain International (FCI) is set to hold a two-day conference to promote the use of factoring to enhance access to financing for small and medium-sized enterprises…

Economy

Intra-African Trade Fair will boost Participants’ Opportunities – MD

Jacinta Nwachukwu Feb 15, 2020 0

Ms Kanayo Awani, Managing-Director, Afreximbank’s Intra-African Trade Initiative, says the second Intra-African Trade Fair (IATF2020) will provide pathways for the Rwandan private sector to access its opportunities. SEE ALSO: Today’s…

Economy

Afreximbank expects over $40bn trade, investment deals at 2nd IATF billed for Rwanda

News Agency of Nigeria Feb 11, 2020 0

African Export-Import Bank (Afreximbank) says it expects trade and investment deals totaling more than 40 billion dollars from over 1,100 exhibitors at the second Intra-African Trade Fair (IATF2020) scheduled for Kigali. SEE ALSO:…

Finance

To revitalise Zamfara’s economy, Gov Matawalle signs $1bn MoU with Afreximbank

John Ogunsemore Jul 29, 2019 0

Gov. Bello Matawalle of Zamfara, has signed a One billion US dollar Memorandum of Understanding (MoU) with Afreximbank for the economic revitalisation of the State. This is contained in a statement signed by Alhaji Yusuf Idris, the…

Business

South Korea ready to partner with Africa on technology

Editor Feb 7, 2019 0

In partnership with the African Development Bank (AfDB.org), Korea is ready to step up technology transfers to Africa, officials said in Seoul today. Speaking at a meeting on potential technology partnerships between Korea and Africa,…

Business

IATF: Afreximbank says inaugural fair records $32.6bn business deals

Lucy Nwachukwu Dec 19, 2018 0

The African Export-Import Bank (Afreximbank) said business deals valued at 32.6 billion dollars were recorded at the just concluded inaugural Intra-African Trade Fair (IATF) in Cairo. Mr Obi Emekekwue, Afreximbank’s Head of Media, in a…

World

Afreximbank tasks media, experts on Intra-African Trade

Lucy Nwachukwu Nov 8, 2018 0

Mr Amr Kamel, the Executive Vice President, Business Development and Corporate Banking in African Export-Import Bank (Afreximbank), has charged the media and financial experts in the continent to promote intra-African Trade. Kamel said…

Entertainment

Davido, Mindelo Carnival troupe thrill fans at Afreximbank concert in Abuja

Joshua Olomu Jul 13, 2018 0

ensational Nigerian singer Davido and the legendary Mindelo Carnival troupe of Cape verde, on Thursday night thrilled fans at a concert to celebrate the 25th anniversary of African Export-Import Bank (Afreximbank) in Abuja. The News…

Business

Afreximbank wants Africa use $110bn migrant resources to fund infrastructure deficit

News Agency of Nigeria Oct 14, 2017 0

Dr Benedict Oramah, President of the African Export-Import Bank (Afreximbank), has urged African leaders to use migrant resources, which has amounted to more than $110 billion, to fund key infrastructure deficit. Oramah gave the advice…

Ticker

Afreximbank processing $1bn facility to boost Zimbabwe’s public, private sector entities

News Agency of Nigeria Sep 25, 2017 0

Dr Benedict Oramah, the President of African Export-Import Bank (Afreximbank). says the bank is currently processing one-billion dollar deals to boost public and private sector entities in Zimbabwe. A statement by Mr Obi Emekekwue, the…

Business

Afreximbank, finance professionals to meet on structured trade finance in Cape Verde

News Agency of Nigeria Aug 25, 2017 0

The African Export-Import Bank’s (Afreximbank) says it is committed to boosting African trade by enhancing the capacity of African professionals on international trade and trade-related project financing issues. The bank said that as part…

Business

Afreximbank introduces $300m equity offering to Nigerian investors

News Agency of Nigeria Aug 24, 2017 0

The African Export-Import Bank (Afreximbank) on Thursday in Lagos met with leading Nigerian investors to push for strong participation in the bank’s $300 million equity offering. Dr Benedict Oramah, the President of Afreximbank, told the…

Business

Afreximbank grants $200m financing facility to Arab Contractors

News Agency of Nigeria Jul 28, 2017 0

The African Export-Import Bank (Afreximbank) says it has granted Egyptian construction conglomerate, The Arab Contractors (Osman Ahmed Osman & Company) Limited, a $200-million multi-currency guarantee facility. This is contained in a…

Business

Madagascar joins Afreximbank

News Agency of Nigeria Jun 27, 2017 0

The African Export-Import Bank (Afreximbank) said on Monday that Madagascar had joined the bank as a participating state. A statement by the continental trade finance institution in Lagos, said Béatrice Jeanine Atallah, Minister of…

Business

Afreximbank approves $200m facility for Egypt’s SMEs

News Agency of Nigeria Jun 23, 2017 0

The African Export-Import Bank (Afreximbank) says it has approved 200 million dollars facility for Egypt’s Small and Medium Enterprises (SMEs) to boost manufacturing activities in the country. The President of the bank, Dr Benedict…

Business

Afreximbank closes $632.9mln, €449.6mln syndicated loan facility

News Agency of Nigeria Jun 3, 2017

The African Export-Import Bank (Afreximbank) has successfully closed a record 632.9 million dollars and 499.6 million Euro dual-tenor dual-currency syndicated term loan facility. Afreximbank announced this on Saturday in a statement made…

Health & Relationships

Afreximbank picks Nigeria as Africa’s centre of excellence for healthcare services

News Agency of Nigeria Apr 22, 2017

The African Export-Import Bank (Afreximbank) has selected Nigeria as Africa’s first centre of excellence for healthcare services, where it would support development of firstclass healthcare facilities. In a statement on Thursday in…

Business

Sao Tome and Principe becomes Afreximbank’s 41st member

News Agency of Nigeria Jun 8, 2016 0

The African Export-Import Bank (Afreximbank) said on Wednesday it had admitted Sao Tome and Principe as its 41st African country. This is contained in a statement made available to the News Agency of Nigeria (NAN) in Lagos. The bank…

Business

Afreximbank gets nod to build industrial parks in Cote d’Ivoire

News Agency of Nigeria Jun 2, 2016 0

The African Export-Import Bank (Afreximbank) says it has received the blessing of Ivorian President Allassane Ouattara to develop new industrial parks in the country. A statement on Thursday by Afreximbank quoted Ouattara as giving the…

Business

Afreximbank organises conference on intra-African trade finance, payment systems

News Agency of Nigeria Apr 25, 2016 0

Top financial institutions in Africa are to gather in Abidjan from May 2 to May 3 for the first continental conference on the current state of intra-African trade finance and payment systems. A statement on Monday by the organiser,…