BUA Industries Limited has secured US$200 million Corporate Finance Facility from the African Export-Import Bank (Afreximbank) to boost its expansion plans. In a statement, Afreximbank said that the first tranche of $150 million was disbursed on October 16, 2024 and the balance of $50 million disbursed yesterday, 11, November, 2024. Mrs. Kanayo Awani, Executive Vice…
▪︎Alhaji (Dr ) Adeniji Murthada Adeyemi, MD/CEO , Starlink Global & Ideal Limited, African Export-Import Bank (Afreximbank) has approved a US$20.8 million financing facility for Nigeria-based Starlink Global & Ideal Limited to enable the company construct and operate a 30,000-metric tonne per annum cashew processing factory in Lagos. According to the facility agreement signed on…
▪︎Mr. Haytham ElMaayergi, Afreximbank’s Executive Vice President, Global Trade Bank African Export-Import Bank (Afreximbank) plans to double its financing of intra-African trade from US$20 billion in 2021 to US$40 billion by 2026.Mr. Haytham ElMaayergi, Afreximbank’s Executive Vice President, Global Trade Bank, disclosed this in Abuja at the African Caucus Meeting of the World Bank Group…
African Export-Import Bank (Afreximbank) says its African Quality Assurance Centre (AQAC) in Ogun State, can now offer internationally accredited services for food and agri products in Nigeria. The international accreditation of the AQAC in Ogun to the ISO/IEC 17025:2017, was done last week by the South African National Accreditation System (SANAS). SANAS is one of…
I am pleased to report that a groundbreaking $3.5 billion MOU agreement between @TradeInvestNG and @afreximbank was signed at the 31st Afreximbank Annual Meeting in Nassau
The Bank embarked on the AQAC initiative in order to ensure that “Made in Africa” products meet international standards and technical regulations in order to avoid rejections at export markets
In the words of the MD/CEO of Fidelity Bank, Dr (Mrs) Nneka Onyeali-Ikpe, ‘We are very thankful to Afreximbank for supporting our expansionary initiatives for international growth.
So far, the Bank and ARSO have harmonized over 500 standards in the automotive, medical, and pharmaceutical equipment sectors.
Nigeria holds the second-largest IFC portfolio in Africa with an active investment portfolio of $2.1 billion as of April 2024
Chief Olusegun Obasanjo, former President of Nigeria has called on African government leaders, policy makers, and representatives to foster an environment conducive to trade by eliminating unnecessary bureaucracy, harmonising regulations and investing in necessary infrastructure. Obasanjo made the call during the ongoing third Intra-African Trade Fair (IATF2023) in Cairo, Egypt. Obasanjo who is the Chairman…
