Afreximbank Unveils $3B Plan to Boost Intra-African Oil Trade
“We want to see an increased proportion of the 4 million barrels per day (mbpd) of crude oil produced in the Gulf of Guinea refined in Africa.”
Tag: Afreximbank
African Energy Bank: $5B Boost for Energy Independence
The African Energy Chamber (AEC) has endorsed the Africa Energy Bank (AEB), a $5 billion initiative spearheaded by the African Export-Import Bank (Afreximbank) in partnership with the African Petroleum Producers’ ...
Fitch Reaffirms Afreximbank’s ‘BBB’ Rating, Highlighting Stability and Strategic Importance
Fitch Ratings has reaffirmed the long-term issuer default rating (IDR) for the African Export-Import Bank (Afreximbank) at ‘BBB’, with a stable outlook. This decision reflects the bank’s robust financial health ...
Ghana Pursues $1.7 Billion from AFREXIM Bank to Boost SMEs and Infrastructure
Ghana is set to secure $1.7 billion in loans and support from the African Export-Import Bank (AFREXIM) to bolster its Small and Medium-Sized Enterprises (SMEs) and fund ongoing infrastructure projects. ...
Africa’s Trade Revolution Hindered by Low PAPSS Usage
In a bid to address long-standing hurdles hindering economic growth, trade, and financial inclusion across the African continent, the Pan-African Payment and Settlement System (PAPSS) emerges as a groundbreaking initiative, ...
Afreximbank Tops in Bloomberg’s Sub-Saharan Africa Loan Rankings Report
African Export-Import Bank (Afreximbank) has emerged as the leading institution in Bloomberg’s Capital Markets League Tables Report for African Capital Markets, ranking number one across all three categories. In the ...
Transformative $3bn Investment for Africa’s Agriculture through New Alliance
The African Development Bank Group, Afreximbank, Arise Integrated Industrial Platforms, the Islamic Development Bank Group, and the United Nations Industrial Development Organisation have launched a new alliance to support agro-industrial ...
Caribbean Community Central Banks Adopt PAPSS for Intra-Regional Trade Transactions
The Pan-African Payment and Settlement System (PAPSS), a ground-breaking initiative developed by the African Export-Import Bank (Afreximbank) to revolutionise cross-border payments and boost intra-African trade, celebrates a significant milestone as ...
APN Inaugurates High-Powered Advisory Council
The Advisory Council of Africa Prosperity Network (APN), a private sector-led organisation set up to get Africa’s business and political leaders working together in achieving the goal of economic integration ...
Afreximbank and China Development Bank Sign US$400 million Loan to Support Africa SMEs
The China Development Bank (CDB) has signed a development-focused agreement to provide the African Export-Import Bank (Afreximbank) with a US$400-million term loan facility to support the financing of small and ...
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