Tag: Afreximbank
-
Africa’s real GDP projected to grow by 4% in 2025 – Afreximbank
Africa’s real Gross Domestic Product (GDP) is projected to grow by 4.0 per cent in 2025, in spite global economic fragility, says Afreximbank Research Report. The 2025 African Trade and Economic Outlook (ATEO) Report, a research by Afreximbank, said Africa’s real
-
We’ve disbursed $50bn into Nigeria in last decade – Afreximbank
The African Export-Import Bank (Afreximbank) says it has disbursed 50 billion Dollars into various sectors of Nigeria in the last 10 years. Prof. Benedict Oramah disclosed this at the Commissioning of the Afreximbank African Trade Centre (AATC) in Abuja on Thursday.
-
Fidelity Bank gets $40m support to acquire Union Bank UK
Afreximbank said it has disbursed 40 million dollars Intra-African Investment Facility to Fidelity Bank Nigeria Plc to support Fidelity Bank’s acquisition and recapitalisation of Union Bank United Kingdom.
-
FG receives $2.25m from Afreximbank in landmark $3.3bn crude oil prepayment facility
The federal government of Nigeria has received an initial disbursement of $2.25 million from Afreximbank in a landmark syndicated $3.3bn crude oil prepayment facility.
-
Analysis: Afreximbank, fostering “Our Africa Our Future” 30 years after
The people of Africa and her Diaspora reverberate the Pan-African call on the need for Africa to unite in order to realise its renaissance.
-
Afreximbank cancels 27th AGM over COVID-19 pandemic
African Export-Import Bank (Afreximbank) has cancelled its 27th Annual General Meeting due to the COVID-19 pandemic. It is now to hold it by correspondence Its President Prof. Benedict Oramah said, in a statement, that the decision to hold the Shareholders’ meeting by correspondence was made after the consideration of available options to ensure that the…
-
Cyclone Idai: Afreximbank donates $1.5m to affected countries
The African Export-Import Bank (Afreximbank) has donated 1.5 million dollars to support the relief effort to the victims of Tropical Cyclone Idai. Tropical Cyclone Idai is one of the worst tropical cyclones on record to affect Africa and the Southern Hemisphere as a whole. The long-lived storm caused catastrophic damage in Mozambique, Zimbabwe and Malawi,…
-
FG signs $1b Intra-Africa trade deal with Afreximbank
The Federal Government on Thursday signed a $1billion Memorandum of Understanding (MoU) with the Africa Export-Import Bank (Afreximbank) to promote trade. The trade facilitation instrument will be managed by the Nigeria-Africa Trade and Investment Promotion Programme (NATIPP), AFREXIM, the Nigerian Export Promotion Council (NEPC), and the Nigerian Export Import Bank (NEXIM). Afreximbank Chairman Dr. Benedict…
-
Drama as Obasanjo refuses to seat with Adeosun, El-Rufai other Buhari’s men at Afreximbank meeting
Former President, Olusegun Obasanjo caused a stir at the ongoing African Export and Import Bank, Afreximbank, Annual Meeting in Abuja on Friday. The News Agency of Nigeria, NAN, reports that the former President chose to sit among the participants instead of a front row seat reserved for him among the dignitaries, at the Congress Hall…
-
Madagascar joins Afreximbank
The African Export-Import Bank (Afreximbank) said on Monday that Madagascar had joined the bank as a participating state. A statement by the continental trade finance institution in Lagos, said Béatrice Jeanine Atallah, Minister of Foreign Affairs of Madagascar, formalised the country’s membership of the bank on June 24. According to the statement, the signing of…