AFREXIMBANK invests $52bn in Nigeria, plans $5bn Energy Bank
The African Export-Import Bank (AFREXIMBANK) has invested a total of $52 billion in Nigeria, making the country the largest recipient of the bank’s trade and development financing.
African SMEs must engage factoring to ease access to finance– Afreximbank
The African Export-Import Bank (Afreximbank) has urged all African SMEs to engage factoring as a viable and sustainable solution to address the challenge of access to financing for their businesses.
Afreximbank targets $4bn FDI with Export Development Fund
African Export-Import Bank (Afreximbank) said it hopes to attract $4 billion foreign direct investment (FDI) inflow into Africa through its Fund for Export Development in Africa (FEDA).
Afreximbank lends $170m to Orascom for Pan-African expansion
THE African Export-Import Bank (Afreximbank) has signed a facility agreement lending $170 million to Egypt-based conglomerate Orascom Investment Holding (OIH) to assist the company expand its pan-African activities in pursuit of its short and medium-term expansion strategy.
Afreximbank floats $30m facility for SMEs
The African Export-Import Bank (Afreximbank) has signed an agreement with the African Guarantee Fund (AGF) for a $30 million re-guarantee facility to support African small and medium enterprises (SMEs) in the trade value chain to access funds for their activities.
Afreximbank partners Russian Railways for rail devt in Africa
The African Export-Import Bank (Afreximbank) has signed a memorandum of understanding (MoU) with Russian Railways and the Russian Export Center (REC), agreeing to cooperate in implementing export and investment projects in the railway sector in Africa.
