African Export-Import Bank Increases Share Capital to $25b Shareholders of African Export-Import Bank (Afreximbank) has increased the bank’s authroised capital from $5 billion to $25 billion. At the annual general meeting of the bank, shareholders voted to increase the authorised share capital in recognition of the...

African Economy to Grow by 3.8% in 2024 - Afreximbank The African Export-Import Bank has projected that the African economy will grow on average by 3.8 per cent this year. This was disclosed in the Economic Outlook Report 2024 launched at the ongoing Afreximbank Annual Meetings...

Nigeria Signs Afrexim Bank Trade Development Fund Nigeria has officially signed the Establishment Agreement for the Fund for Export Development in Africa (FEDA), an impactful investment platform managed by the African Export-Import Bank (Afreximbank). With this accession, Nigeria becomes the 16th nation to join the...

Nigeria may get $1bn Afreximbank Loan in May Nigeria is set to receive a $1.05bn syndicated loan backed by oil from the African Import Export Bank next month. The loan is part of a larger $3.3bn prepayment facility arranged by Afreximbank, with repayment terms tied to...

Beloxxi, 71 Other Coys Sponsor IATF2023 for Africa's Economic Growth   Beloxxi, makers of high-quality biscuits in Nigeria, Africa and across the world, has joined the African Export-Import Bank (AFREXIMBank) and 70 other sponsors in supporting the Intra-African Trade Fair (IATF2023). The IATF2023 event is a unique...

FG Signs Afreximbank Deal to fund $200m LNG Project in Bayelsa Nigeria and African Export Import Bank, Afreximbank, yesterday, signed an agreement targeted at funding the nation’s $200 million Liquefied Natural Gas, LNG project, located in Bayelsa State. The agreement was signed at the ongoing African...