News & Events
Members of the Board of Directors of the African Export-Import Bank (Afreximbank), led by Bank President Dr. Benedict Oramah, today toured the petroleum refinery and fertilizer plant under construction by Dangote Industries Limited in the Lekki Free Trade Zone of Lagos, Nigeria.
Through its strong focus on service quality and safety, Nigeria-based Arik Air has become the largest airline in the West and Central Africa region, the Management of the airline said today.
Cairo, 16 September 2016: – The African Export-Import Bank (Afreximbank) has closed its first-ever China/Taiwan specific syndicated loan with a $300-million facility guaranteed by the Export-Import Bank of China (China Exim Bank).
A delegation from the African Export-Import Bank (Afreximbank) led by the President, Dr. Benedict Oramah, has visited Pemba, capital city of Cabo Delgado province in Mozambique, for discussions with the authorities and the private sector on opportunities to support the development and financing of the province’s trade industries and infrastructure.
Djibouti, 7 September 2016: – The President of Djibouti, Ismaïl Omar Guelleh, has announced the country’s accession to the African Export-Import Bank (Afreximbank) Establishment Agreement, making it a participating state of the continental trade finance institution.
News & Events
The Starwood Hotels and Resorts Group today in Lagos launched the development of its first Luxury Collection brand in the ECOWAS region, the Le Meridien Grand Towers Hotel project, sponsored by Robert Dyson and Diket, Ltd. (RDD).
Closer cooperation among developing countries will not only be a driving force for their own development, but also fuel global growth, international economists told a seminar in Beijing on Wednesday during the ongoing shareholders’ meeting of the African Export-Import Bank.
Standard Bank (Aa2/BBB+) will sign its three year credit facility on May 22. The bank launched the dollar denominated loan at $750m with a 200bp margin before fees. When the deal was launched in March, a funding official suggested that the margin could be high enough for Standard Bank to attract commitments of up to $1.25bn.
The bank came to the market at the end of January looking for a dual currency loan, split between a $180m tranche and a €92m ($120m) piece, to refinance a $300m facility. Both tranches pay margins of 225bp.
Afreximbank Participates in the US$1Bn. Senior Term and Revolving Finance Facility for Kansanshi Mining Plc., Zambia. Afreximbank contribution under this facility is US$100M.
First Quantum Minerals Ltd. (“First Quantum” or the “Company” or “FQM”, TSX Symbol “FM”, LSE Symbol “FQM”) is pleased to announce the signing of a US$1 billion senior term and revolving facility agreement for Kansanshi Mining PLC, holder of First Quantum’s 80% owned Kansanshi copper-gold project in Zambia.