Russia, Afreximbank To provide $1.46bn For Ajaokuta Completion   The Federal Government has said the Russian government and Afreximbank will provide up to $1.46bn to fund the resuscitation of the Ajaokuta Steel Company Limited. The Minister of Mines and Steel Development, Olamilekan Adegbite, who disclosed this in...

Afreximbank Disburses $15bn For Intra-African trade   The African Export-Import Bank (Afreximbank), said it has already disbursed $15 billion out of the $25 billion it committed in support of intra-African trade, under its current five-year strategic plan. The region’s multilateral financial institution devoted to financing and promoting...

ICRC Partners Afreximbank To Enhance Visibility For Bankable Projects The Director General/Chief Executive, Infrastructure Concession Regulatory Commission (ICRC), Mr. Chidi Izuwah yesterday said arrangements had been finalised to hold the joint Nigeria PPP Network (NPPPN) and PPP Units Consultative Forum (3PUCF) to select bankable PPP...

DFI’s Facilitation Drives Trade Volume Between Africa, Russia To $20bn   Trade between Africa and Russia has doubled in the years since the African Export-Import Bank (Afreximbank), started engaging with the Russian Export Centre, to promote trade between the two countries, Bank President Prof. Benedict Oramah,...

Afreximbank’s Intervention In Maritime Now $500m   The African Export Import Bank has said that its intervention in the maritime sector in the last three years include more than $500m facilities for the Onne Port expansion in the Onne FTZ, Nigeria, Gabon, Cote D’ivoire, vessel finance...

Afreximbank Harps On Capacity Building, Industrialisation   Efforts to achieve market opening should be accompanied with industrialisation and capacity building initiatives to help African countries produce value-added goods, the Managing Director of the Intra-African Trade Initiative at the African Export-Import Bank (Afreximbank), Kanayo Awani has said. In...