Tag: Afreximbank

Adebisi Adebutu
BusinessCompanies

Nigerian gambling magnate Adebutu’s son secures $81.9 million for Veenocks

Veenocks Afreximbank loan provides $81.9 million to expand Nigeria’s porcelain tile production and create 300 new jobs.

Timilehin Adejumobi Timilehin Adejumobi
Africa Energy Bank begins operations as Helmy Ghazi becomes first president
BusinessBanking

Africa Energy Bank begins operations as Helmy Ghazi becomes first president

Africa Energy Bank begins operations in Abuja with Helmy Ghazi as president, targeting Africa’s $200 billion energy financing gap.

Oluwatosin Alao Oluwatosin Alao
African Union logo
BusinessHot News

African Union launches first homegrown credit rating agency in Mauritius

Africa launches AfCRA in Mauritius as debt service hits $163 billion, seeking to reshape how investors assess risk and the cost of African borrowing.

Oluwatosin Alao Oluwatosin Alao
The Kempinski Shekinah Palace Douala Bonanjo
TourismLuxury

Kempinski expands in Cameroon with $384 million luxury hotel project

Kempinski is expanding in Cameroon with a $384 million luxury hotel and mixed-use development in Douala’s Bonanjo district.

Oluwatosin Alao Oluwatosin Alao
Afreximbank
BusinessBankingTechnology

Afreximbank backs $29 million push to transform East Africa’s border trade

Afreximbank backs a $29 million digital customs guarantee for East Africa as EAC trade reaches $52.3 billion in the second quarter of 2026.

Oluwatosin Alao Oluwatosin Alao
Azania Bank,Tanzania
BusinessBanking

Azania Bank secures $10 million Afreximbank facility for Tanzanian SMEs

Azania Bank secures a $10 million facility from Afreximbank to expand SME financing and support Tanzanian exporters.

Timilehin Adejumobi Timilehin Adejumobi
Afreximbank
BusinessExclusive

Afreximbank targets $5.18 billion in Angola oil and gas opportunities

Afreximbank is targeting $5.18 billion in Angola oil and gas projects as the country pushes for greater local ownership and investment.

Oluwatosin Alao Oluwatosin Alao
Afreximbank-Chad Agreement signing
BusinessHot News

Afreximbank backs Chad with $127 million, its largest financing package

Afreximbank Chad financing reaches $127 million to fund trade, infrastructure and economic diversification projects in 2026.

Timilehin Adejumobi Timilehin Adejumobi
CBZ-bank
BusinessHot News

Zimbabwe’s CBZ Bank secures $190 million Afreximbank funding boost

CBZ Bank Afreximbank funding reaches $190 million, boosting Zimbabwe trade finance, SMEs and energy projects to fuel economic growth.

Timilehin Adejumobi Timilehin Adejumobi
Afreximbank
BusinessHot News

Malawi sells gold, seeks $120 million Afreximbank loan to ease fuel crisis

Malawi turns to $120 million Afreximbank loan and gold sales as forex shortages trigger fuel import delays and economic pressure intensifies further

Timilehin Adejumobi Timilehin Adejumobi
Hot NewsBusiness

Dangote Refinery secures $4 billion loan as Afreximbank underwrites $2.5 billion

Dangote Refinery secures $4 billion loan, with Afreximbank underwriting $2.5 billion to boost exports and expansion plans.

Omokolade Ajayi Omokolade Ajayi
ICIEC and Afreximbank officials shake hands in Cairo, marking new partnership to boost Arab–Africa trade and digital finance platforms
BusinessLuxury

ICIEC and Afreximbank forge deal to deepen Arab–Africa commerce

At a Glance Arab–Africa trade is gaining fresh attention as two major multilateral lenders deepen cooperation aimed at easing financing gaps, reducing market risk and helping businesses operate more confidently across borders. The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) and the African Export-Import Bank (Afreximbank) have signed a new agreement that broadens their collaboration at…

Oluwatosin Alao Oluwatosin Alao