Afreximbank approves US$20.8 million for Starlink Global’s cashew factory project in Lagos

Cairo, 04 October 2024: – African Export-Import Bank (Afreximbank) has approved a US$20.8 million financing facility for Nigeria-based Starlink Global & Ideal Limited to enable the company construct and operate a 30,000-metric tonne per annum cashew processing factory in Lagos. According to the facility agreement signed in on July 22, 2024, Afreximbank will provide the

Fund for Export Development in Africa and Africa Finance Corporation power ARISE IIP’s US$443 Million capital raise

Dubai, 02 October 2024 — ARISE IIP, a leading pan-African developer and operator of world-class industrial parks, has announced a significant capital raise of US$443 million. The funding includes a strategic US$300 million investment from Afreximbank’s development impact investment arm, The Fund for Export Development in Africa (FEDA), securing Afreximbank’s FEDA a significant stake in

Afreximbank Joins Africa Collective & AfCFTA as Host Partner at Davos 2025

Switzerland, Davos, September 30, 2024: Africa Collective and the African Continental Free Trade Area (AfCFTA) Secretariat are happy to announce African Export-Import Bank (Afreximbank) as their Host Partner at Davos 2025, on the margins of the World Economic Forum. The strategic partnership between Afreximbank, Africa Collective and the AfCFTA Secretariat was borne out of a

Haiti becomes 12th CARICOM member state to accede to the Afreximbank Partnership Agreement

New York, 30 September 2024: – Haiti has become the 12th Caribbean Community (CARICOM) member state to accede the partnership agreement between and among CARICOM countries and African Export-Import Bank (Afreximbank). During a ceremony on September 25 at the Haitian Investment Forum, held on the sidelines of the 79th United Nations General Assembly (UNGA) in

PAFTRAC urges increased efforts to raise awareness of AfCFTA’s operational mechanisms

L-R: Prof. Patrick Utomi, Chairman Pan African Private Sector Trade and Investment Committee (PAFTRAC), Mounira Smihi, Executive Director, Bank of Africa, Zurich, Ashish Shah, Di-rector, Division of Country Programmes, International Trade Center (ITC) Zelda Hunter, Partner, White & Case, Sergio Silva, IC Publications (moderator) Geneva, 25 September 2024: – African regulators and policymakers should take

National Bank of Malawi Plc Secures landmark US$100 million financing facility from Afreximbank to support trade finance

Cairo, 25 September 2024: –In a move set to significantly boost trade financing in Malawi, African Export-Import Bank (Afreximbank) has signed a landmark US$100-million Trade Finance Facilitation Facility (AFTRAF) agreement with National Bank of Malawi (NBM) Plc, the country’s largest bank by assets. Representing the largest AFTRAF facility ever to be extended by Afreximbank in

Afreximbank reconstitutes its Creative Africa Advisory Group ahead of CANEX Weekend

Egypt, Cairo, 09 July 2024 – Ahead of the upcoming CANEX Weekend in Algiers, Algeria, from 16 to 19 October, African Export-Import Bank (Afreximbank) has announced the reconstitution of the Creative Africa Advisory Group (CAAG). This group oversees and provides guidance for implementing the Bank’s Creative Africa Nexus Programme. The first meeting of the reconstituted