Police Arrest 2 Bandits’ Informants In Katsina, Recover Rustled animals
THE Police Command in Katsina State, says it has succeeded in arresting two suspects for aiding and abetting banditry and...
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Afreximbank, WTO Sign MoU To Promote Global Trade
African Export-Import Bank has signed a Memorandum of Understanding (MoU) with the World Trade Organisation (WTO) to amplify the impact of their strategically aligned joint efforts of promoting global trade. A statement issued by Vincent Musumba, Afreximbank’s Manager, Communications and…
Afreximbank Signs Two Deals Totaling US$80 million For Zimbabwe’s CBZ Bank
In two deals signed at the recently concluded Afreximbank Annual Meetings, African Export-Import Bank (Afreximbank) (www.Afreximbank.com) is providing a US$60 million line of credit and a US$20 million Afreximbank Trade Facilitation Programme (AFTRAF) facility to CBZ Bank Limited, Zimbabwe’s largest…
Afreximbank Signs Deal For EUR210m Port Terminal In Douala
THE African Export-Import Bank (Afreximbank) has signed an indicative term sheet with APD-Cameroon for the development and operation of a new port terminal in Douala, Cameroon, estimated to cost EUR210 million. According to the agreement, the financing will be divided…
Afreximbank Disburses $40m To Fidelity Bank For Union Bank UK Acquisition
THE African Export-Import Bank (Afreximbank) has announced a $40 million disbursement from its intra-African investment facility to Fidelity Bank Nigeria Plc. This funding will support Fidelity Bank’s acquisition and recapitalisation of Union Bank UK, aligning with its international expansion strategy….
Nigeria Accedes To Afreximbank’s Fund For Export Development Agreement
Nigeria has become the latest signatory to the Establishment Agreement of the Fund for Export Development in Africa (FEDA), the development impact-oriented subsidiary of African Export-Import Bank (Afreximbank). This is contained in a statement signed by Vincent Musumba, Manager, Media Relations,…
Afreximbank Delivers Exceptional Financial Results In 2023 Amidst A Challenging Operating Environment, results well ahead of expectations
AFRICAN Export-Import Bank (“Afreximbank” or the “Group”) (www.Afreximbank.com) has released the consolidated financial statements of the Bank and its subsidiaries for the year ended 31 December 2023. Largely propelled by the Bank’s and its subsidiaries’ growth, the Group’s results…
Afreximbank, CDP Sign MoU For €100m Facility To Support Food Security In Africa
THE official Italian financial institution for international development cooperation and Afreximbank have signed a Memorandum of Understanding(MoU) for a 100 million euros facility to support food security in Africa. A statement issued by Vincent Musumba, Manager, Communications and Events, Afreximbank,…
Inter-African Trade: Afreximbank’s Kanayo Awani Receives African Diaspora Advisory Board Global Award
Kanayo Awani, Executive Vice President, Intra-African Trade Bank at the Africa Export-Import Bank (Afreximbank) (www.Afreximbank.com), has received the African Diaspora Advisory Board (ADAB) Global Woman Award in Washington, D.C., for her work in promoting intra-African trade. In a citation presented…
African Energy Week Launches African Energy Finance Summit In Partnership With Afreximbank And S&P Global Commodity Insights
Africa’s largest energy event – the African Energy Week (AEW): Invest in African Energy conference – will feature the African Energy Finance Summit during this year’s edition in Cape Town. The summit, hosted in partnership with multilateral financial institution the…
Africa: Geometric Power Commissions The Afreximbank-Backed 141 MW Aba Integrated Power Project
THE 141 MW Aba Integrated Power Project (Aba IPP), an Afreximbank-financed project (www.Afreximbank.com), was officially commissioned in Abia State by the Vice President of the Federal Republic of Nigeria, H.E Kashim Shettima. A first of its kind in Nigeria, the…
Disturbing Video Shows Police Officer Stamping On Man’s Head At Manchester Airport In UK
THE officer, armed with a Taser, is seen kicking and stamping on the man's head twice, while fellow officers urge...
Man Arraigned for Allegedly Stealing N1.7m From church
A 69-year-old man, Charles Aremu, was on Thursday docked in an Iyaganku Magistrates’ court in Ibadan for allegedly stealing...
NDLEA Secures Conviction of 22 Drug Dealers in Kano
THE National Drug Law Enforcement Agency (NDLEA), Kano State Command, secured the conviction of 22 drug dealers in the state...