MPs Clash Over Shs 2 trillion Loan Approval Amid Claims of Mismanagement
MPs Clash Over Shs 2 trillion Loan Approval Amid Claims of Mismanagement The Ugandan Parliament has approved a government proposal to borrow up to €270 million (Shs 111.1 billion) from the African Export-Import Bank (Afreximbank) and €230 million (Shs 947.billion) from Ecobank Uganda Limited and the Development Bank of Southern
Afreximbank wins mandate as sole financial advisor for South Africa’s $1.7-billion Suiso Project
African Export-Import Bank’s (Afreximbank) Advisory and Capital Markets (ACMA) department has been appointed and mandated as the exclusive financial advisor to raise capital for the US$1.7-billion Suiso Project, a transformative coal-to-fertiliser facility to be developed in Kriel, Mpumalanga Province, in South Africa. As financial advisor, ACMA’s role will involve leveraging its
Afreximbank reports strong performance in line with expectations
African Export-Import Bank (Afreximbank) has released the consolidated financial statements of the Bank and its subsidiaries for the three months ended 31 March 2025. Financial Highlights Afreximbank Group delivered satisfactory financial performance for the first quarter of 2025, meeting expectations with solid profitability, strengthened liquidity and a resilient capital base. This
Afreximbank’s CANEX unveils third edition of short film competition
Creative Africa Nexus (CANEX), an intervention by African Export–Import Bank (Afreximbank) has announced the third edition of its vibrant short film competition, CANEX Shorts, that is designed to recognise and celebrate talents of young filmmakers from Africa and the Diaspora. Filmmakers between the ages of 18 and 35 years can
Afreximbank Hosts Inaugural FOCUS Africa Trade and Investment Forum to strengthen economic integration in Africa
The African Export-Import Bank (Afreximbank) in collaboration with the Ministry of Planning, Economic Development and International Cooperation (MoPEDIC) of Egypt and the Group of African Ambassadors in Cairo, is hosting the inaugural FOCUS Africa Trade and Investment Forum from 15 to 16 April 2025 at the Dusit Thani Hotel, Cairo,
Afreximbank commissions first-of-its-kind African Trade Centre in Abuja, Nigeria – marking a new era for Intra-African trade
Multilateral Bank African Export-Import Bank (Afreximbank) has officially commissioned its first Afreximbank African Trade Centre (AATC) today in Abuja, Nigeria, ushering in a transformative era for trade and investment in Africa. During the grand commissioning ceremony, speakers, including Hon. Dr. George Akume, Secretary to the Government of Federation, Nigeria representing H.
Uganda joins Afreximbank’s FEDA as 21st Member State
The quest to broaden the scope of interventions by the Fund for Export-Development in Africa (FEDA), African Export-Import Bank’s [Afreximbank] development impact investment arm, into all corners of the continent reached a major milestone today with the signing of the Fund’s Establishment Agreement by Uganda. With Uganda’s accession, FEDA expands
ARISE IIP secures $450M Afreximbank facility for industrial parks, Special Economic Zones development in Africa
In a significant move aimed at boosting industrial development across Africa, African Export-Import Bank (Afreximbank) signed a US$450 million global credit facility with ARISE IIP, the leading pan-African developer and operator of world-class industrial parks. This financing will support the development of industrial parks and Special Economic Zones (SEZ), while
Afreximbank and Kenyan government ink milestone agreements to promote industrialisation
African Export-Import Bank (Afreximbank), Africa’s foremost trade development Bank, today in Mombasa, Kenya, ratified a series of initiatives designed to support Kenya’s industrialisation and export-led development agenda. Under the terms of the initiatives, formalised at a signing ceremony with the Kenyan authorities, Afreximbank will finance the development and operationalisation of
