Kisumu, Kenya, 27 November 2024 WE, the Network of African Sub-Sovereign Governments, having convened at the 4th African Sub-Sovereign Governments Network (AfSNET) Conference, hosted by the County Government of Kisumu, and jointly organised by African Export-Import Bank (Afreximbank) and the United Cities and Local Governments of Africa (UCLG Africa) HAVING deliberated on the theme “Leveraging
African Sub-Sovereign government leaders and businesses meet in Kisumu City, Kenya to discuss inclusive growth, trade decentralization and investment opportunities
Kisumu, Kenya, 26 November 2024: – Over 250 Sub-Sovereign government leaders from across Africa are today meeting in Kisumu, Kenya, for the the fourth edition of the African Sub-Sovereign Governments Network (AfSNET) Conference. Taking place between the 25th and 27th of November, the event provides a platform for Sub-Sovereign leaders and businesses to discuss how
From One Life to a Journey of Many Lives: Afreximbank President Pays Tribute to Professor Ghulam Mufti, OBE
London, 25th November 2024 – At a Festschrift Conference held in honor of the distinguished Professor Ghulam Mufti, OBE, at the Fetal Medicine Research Institute in London, Professor Benedict O. Oramah, President and Chairman of the Board of Directors of the African Export-Import Bank (Afreximbank), delivered a moving tribute titled “From One Life to a Journey of
Afreximbank delivers strong financial results for the nine months ended 30 September 2024, surpassing prior year’s performance despite a challenging operating environment
Cairo, Egypt, 18 November 2024: – African Export-Import Bank (“Afreximbank” or the “Group”) has released the consolidated financial statements of the Bank and its subsidiaries, for the nine months ended 30 September 2024 (9M’2024). The Group delivered a solid performance, closing the third quarter in a strong financial position, evidenced by its healthy liquidity levels,
Afreximbank President Prof. Benedict Oramah awarded 2024 Medal of Glory for visionary leadership
Miami (U.S.A), 14 November 2024: – Prof. Benedict Oramah, President and Chairman of the Board of Directors of the African Export-Import Bank (Afreximbank) has received the 2024 Medal of Glory award presented by the AGOA Civil Society Organization Network in Miami, United States. Presented during the 25th Annual U.S.-Africa Trade and Investment Conference/Expo (AfriCANDO 2024),
Afreximbank successfully prices its inaugural Samurai bonds, raising JPY 81.3 billion (about USD 530 million equivalent) comprising JPY 67.2 billion 5 regular tranches and JPY 14.1 billion 3-year Retail Samurai (“The Transaction”)
Tokyo, Japan – 14 November 2024… African Export-Import Bank (Afreximbank) has successfully priced its debut Samurai bond, securing a regular 5 tranche JPY 67.2 billion consisting of 2-year, 3-year, 5-year, 7-year and 10-year fixed rate tranches. Concurrently, the Bank launched its inaugural Retail Samurai bond with a 3-year fixed-rated tranche valued at JPY 14.1 billion.
Over $370 million secured in Engineering, Procurement, and Construction deals at Afreximbank’s Lagos workshop
Lagos, Nigeria 14 November 2024: – During the recently held African Export-Import Bank (Afreximbank) Intra-African Engineering, Procurement and Construction (EPC) workshop in Lagos participants formalised business deals totalling over US$370 million, a significant step towards empowering African contractors. The deals, signed during the workshop held in Lagos on 28 October, included a US$300-million Global facility
Afreximbank asserts Africa’s climate position at COP29; advocates for a just and equitable energy transition for economic development
Baku, Azerbaijan… 13 November 2024 – African Export-Import Bank (Afreximbank) is participating at COP29 in Baku, Azerbaijan, where it is doubling-down on its commitment to facilitating a just energy transition for Africa that supports the continent’s critical development needs and unlocks its economic potential. The Bank’s participation will align with the African Union’s Nairobi Declaration
Afreximbank approves US$200 million Facility to support BUA Industries Limited (BIL) expansion plans
Cairo, Egypt 11 November 2024: – African Export-Import Bank (Afreximbank) has approved a US$200 million Corporate Finance Facility in favour of BUA Industries Limited (BIL) to support its expansion plans. BIL is a Nigerian conglomerate with diversified business interest spanning across, sugar and cement manufacturing, flour milling, oil milling, port logistics, real estate development, oil
Afreximbank President Professor Benedict Oramah receives prestigious Mohammed Barkindo Lifetime Achievement Award at African Energy Week 2024
Cape Town, 7 November 2024 – Professor Benedict Okey Oramah, President and Chairman of the Board of Directors at African Export-Import Bank (Afreximbank), has been awarded the prestigious Mohammed S. Barkindo Lifetime Achievement Award at the African Energy Awards, held on the sidelines of the African Energy Week (AEW) 2024: Invest in African Energy conference,
The Gambia becomes nineteenth signatory state of the Establishment Agreement of Fund for Export Development in Africa (FEDA)
Kigali, 06 November 2024: The Republic of The Gambia has acceded the Establishment Agreement of the Fund for Export-Development in Africa (FEDA), the development impact investment arm of African Export-Import Bank (Afreximbank). With this accession, The Gambia becomes FEDA’s nineteenth member, reinforcing its commitment to fostering economic growth and development. This milestone follows a wave of
ARISE IIP, Afreximbank, and Rieter sign framework agreement for Africa Textile Renaissance Plan
Dubai, 5. November 2024 – ARISE IIP, the pan-African developer and operator of world-class industrial parks, has partnered with African Export-Import Bank (Afreximbank), and Rieter, the world’s leading supplier of systems for manufacturing yarn from staple fibres in spinning mills. The unprecedented partnership will spearhead the “Africa Textile Renaissance Plan” – a transformative initiative aimed