Home Posts tagged Afreximbank (Page 4)
News

Obasanjo causes a stir at Afreximbank annual meeting

Former President Olusegun Obasanjo caused a stir at the on-going African Export and Import Bank (Afreximbank) Annual Meeting in Abuja. He chose to sit among the participants instead of a front row seat reserved for him among the dignitaries, at the Congress Hall of Transcorp Hilton. No one knew the reason for Obasanjo’s action and […]
Business

Afreximbank to sell share worth $1bn in 5 years

In order to diversify its shareholders and add more private investors to its ownership, the African Export-Import Bank (Afreximbank) has concluded plans to sell shares worth as much as $1 billion over the next five years. The trade bank, rated “BBB-” by Fitch, plans to issue the shares via depository receipts to new and existing […]
Business Money

Afreximbank announces Aenergy as new shareholder

Following its successful subscription to Class “B” shares of the African multilateral trade finance bank, the African Export-Import Bank (Afreximbank) has announced the coming on board of Angola-based pan-African conglomerate Aenergy as a shareholder. The shareholding became effective on 25 January and followed discussions between the Bank and representatives of Aenergy
Business

S’Africa joins Afreximbank as shareholder

…. Becomes 47th member In a bid to show its commitment to promoting intra-African trade and economic integration, South Africa has taken up shareholding in the African Export-Import Bank (Afreximbank), the African continental multilateral trade finance institution. With the shareholding, South Africa becomes the 47th African country to join Afreximbank as a
Capital Market Capital Market

Afreximbank raises $150m in first-ever Samurai syndicated loan facility

The African Export-Import Bank (Afreximbank) has announced the successful completion of its first ever Samurai Syndicated Term Loan Facility. Through the facility, the bank was able to raise the equivalent of US$150 million, comprised of two tranches of (Japanese Yen) JPY 6.2 bnand US$100m. In a statement made available to Daily Times Nigeria by Afreximbank, […]
Business

Chad ratifies Afreximbank establishment agreement

President Idriss Deby Itno of Chad has ratified the Agreement on the Establishment of the African Export-Import Bank (Afreximbank), concluding the formalisation of the country’s membership of the continental trade finance bank. An official message from Ngabo Seli Mbogo, Minister of Finance and Budget of Chad, transmitting the instrument of ratification to Dr. Benedict