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...

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...

AfCFTA: Buhari Decries Low-level Trade Among African Countries  President Muhammadu Buhari has said the African Continental Free Trade Area (AfCFTA) will succeed if African governments demonstrate a higher level of commitment to tackle the slow pace of physical integration, political cooperation and tariff barriers that...

Nigeria To Broaden Economy Through Multilateral Financing - Buhari     President Muhammadu Buhari has given an assurance that the Nigerian government will continue to support efforts to broaden the economy through multilateral financing. The President, according to a release issued on Monday by his spokesman, Garba Shehu...

Afreximbank Signs $350m Facility For OCP Nigerian, Others Expansion       The African Export-Import Bank has announced the signing of a seven-year $350m Term Loan Facility to provide financing to OCP Group of Morocco. The bank made the announcement in a statement it issued in Cairo, Egypt on...

Afrexim Bank Okays $2bn For COVID-19 Vaccines For Nigeria, Others       The Board of Directors of the African Export-Import Bank (Afrexim) has approved $2 billion to support the purchase of 270 million doses of COVID-19 vaccines for African countries, including Nigeria. President of the bank, Prof. Benedict...