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Afreximbank disburses $40 million to support Fidelity Bank’s acquisition of Union Bank UK

CAIRO, Egypt African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has announced the disbursement of a US$40-million Intra-African Investment Facility to Fidelity Bank Nigeria Plc (“Fidelity”) to support Fidelity Bank’s acquisition and recapitalization of Union Bank UK as part of its international expansion programme. Provided in two tranches of US$20 million each, the …

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Afreximbank’s Annual Meetings 2024 calls for Africans across the globe to unite

NASSAU, The Bahamas, June 13, 2024 Heads of State, Ministers, government officials, and renowned captains of industry were among the over two thousand delegates attending day one of the 31st African Export-Import Bank (Afreximbank) Annual Meetings (AAM) (www.Afreximbank.com) being held in Nassau, The Bahamas from June 12-15. Themed “Owning our …

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African Export-Import Bank secures US$500 Million Dual Tranche Syndicated Term Loan Facility

CAIRO, Egypt, June 12, 2024 Industrial and Commercial Bank of China Limited (ICBC), London Branch and Standard Chartered Bank (SCB) have successfully closed a US$500,000,000-Dual Tranche Syndicated Term Loan Facility (the “Facility”) for the African Export-Import Bank (Afreximbank or the Borrower) (www.Afreximbank.com). ICBC and SCB acted as Coordinators, Initial Mandated Lead Arrangers …

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Dismantle all obstacles to full implementation of AfCFTA – Africa Economic Summit 2024

Dismantle all obstacles to full implementation of AfCFTA – Africa Economic Summit 2024 Participants at the 3rd Africa Economic Summit have called for the immediate dismantling of all obstacles to the full consummation of the African Continental Free Trade Agreement (AfCFTA) and the embracing of all the protocols of the …

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Afreximbank celebrates 8 Awards at Europe, Middle East, and Africa Finance Achievement Awards and Project Finance Awards 2023 Charity Dinners

In a nod to its increasingly important contribution to Africa’s economic growth and development, Afreximbank (www.Afreximbank.com) has been recognised with a haul of eight Awards at the Europe, Middle East, and Africa (EMEA) Project Finance and EMEA Achievement Awards 2023 Charity dinners held in London on June 5 and 6 …

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Dabiri-Erewa visits stranded Nigerian girls in Ghana; Calls for war against human trafficking  

Abuja: June 10, 2024 Hon. Abike Dabiri-Erewa, Chairman/CEO, Nigerians in Diaspora Commission (NiDCOM), has condemned in strong terms, modern day slavery in the form of human trafficking. This follows the intervention of NiDCOM in the case of the 10 Nigerian girls trafficked to Ghana for prostitution, under the guise of  …

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APPOs, Afreximbank sign Establishment Agreement of Africa Energy Bank; Declare it open for signature by prospective member states

Cairo, Egypt, 4 June 2024: African Export-Import Bank (Afreximbank) and the Africa Petroleum Producers’ Organisation (APPO) have announced the historic signing of the Establishment Agreement and the Charter of the Africa Energy Bank (“AEB”) at a ceremony held at the Ministry of Petroleum and Mineral Resources of the Arab Republic …

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Aliko Dangote’s noble quest for Africa’s self-sufficiency and prosperity By Abiodun Alade

Africa is a resource-rich continent but relatively poor in terms of manufacturing goods. According to the 2023 African Trade Report by the African Export-Import Bank (Afreximbank), the 54 countries of Africa combined accounted for only about 2.9 per cent of global trade in 2022, slightly up from 2.7 per cent …

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Latin America hosts 2025 global workshop on nuclear-test ban – CTBTO

  The Executive-Secretary of CTBTO Dr Robert Floyd. (NAN) By Fortune Abang Banjul, June 1, 2024 The Comprehensive Nuclear-Test Ban Treaty Organisation (CTBTO) on Saturday declared Latin America host for its 2025 global workshop on nuclear-test ban. The Comprehensive Nuclear-Test-Ban Treaty (CTBT) is a multilateral agreement which opened for signature …

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