Nigeria is one of the 10 African countries that collectively hold 69 per cent of the continent’s total external debt, according to a report by Afreximbank Research.
Afreximbank Revenue Now $1.47bn
The gross income of the pan-African multilateral financial institution, African Export-Import Bank, has risen to $1.47bn in the first half of 2024, compared to $1.12bn at the close of 2023.
This was disclosed in a statement following the release of its consolidated...
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...
