Afreximbank – InfoStride News https://www.theinfostride.com Breaking News, Nigeria News and Top Stories Sat, 09 May 2026 14:54:41 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 https://www.theinfostride.com/wp-content/uploads/2015/07/cropped-The-InfoStride-Favicon-150x150.png Afreximbank – InfoStride News https://www.theinfostride.com 32 32 Afreximbank funds three new Nigerian refineries https://www.theinfostride.com/afreximbank-funds-three-new-nigerian-refineries/ https://www.theinfostride.com/afreximbank-funds-three-new-nigerian-refineries/#respond Sat, 09 May 2026 14:54:41 +0000 https://www.theinfostride.com/?p=483387 The African Export-Import Bank, commonly known as African Export-Import Bank, has reportedly committed funding support for three new refinery projects in Nigeria, in a move aimed at strengthening the country’s downstream petroleum capacity and reducing reliance on imported refined products. The financing initiative is expected to support ongoing efforts to expand Nigeria’s refining infrastructure, improve [...]

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]]> https://www.theinfostride.com/afreximbank-funds-three-new-nigerian-refineries/feed/ 0 Afreximbank to Establish Pan‑African Gold Bank https://www.theinfostride.com/afreximbank-to-establish-pan-african-gold-bank/ https://www.theinfostride.com/afreximbank-to-establish-pan-african-gold-bank/#respond Wed, 25 Feb 2026 15:09:11 +0000 https://www.theinfostride.com/?p=474601 The African Export‑Import Bank and the Central Bank of Egypt have taken a major step toward laying the foundations for a pan‑African Gold Bank, a strategic initiative aimed at transforming the continent’s gold sector and strengthening its economic resilience. The move is part of Afreximbank’s broader effort to ensure that Africa’s natural resources directly benefit [...]

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]]> https://www.theinfostride.com/afreximbank-to-establish-pan-african-gold-bank/feed/ 0 Afreximbank Set to Boost Investments in Africa’s Emerging Energy Sector https://www.theinfostride.com/afreximbank-set-to-boost-investments-in-africas-emerging-energy-sector/ https://www.theinfostride.com/afreximbank-set-to-boost-investments-in-africas-emerging-energy-sector/#respond Thu, 25 Dec 2025 06:58:45 +0000 https://www.theinfostride.com/?p=465733 The African Export-Import Bank (Afreximbank) has reaffirmed its commitment to expanding financing support for new energy projects across Africa, aiming to accelerate the continent’s transition towards cleaner and sustainable energy systems. The move comes as global energy dynamics shift toward low-carbon solutions, with African economies seeking to diversify their energy mix while addressing infrastructure gaps [...]

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]]> https://www.theinfostride.com/afreximbank-set-to-boost-investments-in-africas-emerging-energy-sector/feed/ 0 Heirs Energy Clinches $750m Afreximbank Financing to Expand Oil and Gas Operations https://www.theinfostride.com/heirs-energy-clinches-750m-afreximbank-financing-to-expand-oil-and-gas-operations/ https://www.theinfostride.com/heirs-energy-clinches-750m-afreximbank-financing-to-expand-oil-and-gas-operations/#respond Sun, 21 Dec 2025 15:37:29 +0000 https://www.theinfostride.com/?p=473932 Heirs Energy, a leading indigenous Nigerian energy company, has secured a $750 million financing facility from the African Export-Import Bank (Afreximbank), marking a major milestone in its growth strategy and reinforcing confidence in African-owned energy enterprises. The facility is expected to significantly boost the company’s oil and gas production capacity while supporting Nigeria’s drive to [...]

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]]> https://www.theinfostride.com/heirs-energy-clinches-750m-afreximbank-financing-to-expand-oil-and-gas-operations/feed/ 0 Afreximbank Highlights Digital Trade’s Potential to Slash Costs by 30% https://www.theinfostride.com/afreximbank-highlights-digital-trades-potential-to-slash-costs-by-30/ https://www.theinfostride.com/afreximbank-highlights-digital-trades-potential-to-slash-costs-by-30/#respond Fri, 05 Dec 2025 13:08:44 +0000 https://www.theinfostride.com/?p=472905 The African Export-Import Bank (Afreximbank) has emphasised the transformative potential of digital trade in reducing transaction costs for African businesses, estimating that full adoption of digital solutions could cut trade-related expenses by as much as 30 percent. The bank made the announcement during a recent forum on continental trade integration, stressing that technology-driven trade processes [...]

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]]> https://www.theinfostride.com/afreximbank-highlights-digital-trades-potential-to-slash-costs-by-30/feed/ 0 Afreximbank Expands to $44bn Under My Leadership — Oramah https://www.theinfostride.com/afreximbank-expands-to-44bn-under-my-leadership-oramah/ https://www.theinfostride.com/afreximbank-expands-to-44bn-under-my-leadership-oramah/#respond Sun, 26 Oct 2025 17:30:03 +0000 https://www.theinfostride.com/?p=470083 The President and Chairman of the Board of Directors of the African Export-Import Bank (Afreximbank), Prof. Benedict Oramah, has revealed that the bank’s total assets have grown to $44 billion during his tenure, reflecting a remarkable period of expansion, innovation, and strategic impact on Africa’s trade and development landscape.Oramah, who made the disclosure during a [...]

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]]> https://www.theinfostride.com/afreximbank-expands-to-44bn-under-my-leadership-oramah/feed/ 0 Afreximbank Forecasts Inflation Could Fall to 14% by 2026 If Economic Reforms Continue https://www.theinfostride.com/afreximbank-forecasts-inflation-could-fall-to-14-by-2026-if-economic-reforms-continue/ https://www.theinfostride.com/afreximbank-forecasts-inflation-could-fall-to-14-by-2026-if-economic-reforms-continue/#respond Sat, 04 Oct 2025 09:40:54 +0000 https://www.theinfostride.com/?p=468232 The African Export-Import Bank (Afreximbank) has projected that Nigeria’s inflation rate could decline to about 14 percent by the end of 2026, provided that the government maintains its current pace of economic reforms and policy consistency. The forecast was presented by Yemi Kale, the bank’s Group Chief Economist and Managing Director of Research, during a [...]

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]]> https://www.theinfostride.com/afreximbank-forecasts-inflation-could-fall-to-14-by-2026-if-economic-reforms-continue/feed/ 0 Lagos Chamber of Commerce and Afreximbank Join Forces to Boost Nigerian SMEs https://www.theinfostride.com/lagos-chamber-of-commerce-and-afreximbank-join-forces-to-boost-nigerian-smes/ https://www.theinfostride.com/lagos-chamber-of-commerce-and-afreximbank-join-forces-to-boost-nigerian-smes/#respond Thu, 02 Oct 2025 13:17:35 +0000 https://www.theinfostride.com/?p=468075 The Lagos Chamber of Commerce and Industry (LCCI) has entered into a strategic partnership with the African Export-Import Bank (Afreximbank) to provide much-needed support for small and medium-sized enterprises (SMEs) in Nigeria. This collaboration, which was recently unveiled, is expected to enhance access to finance, trade opportunities, and capacity-building for businesses that form the backbone [...]

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]]> https://www.theinfostride.com/lagos-chamber-of-commerce-and-afreximbank-join-forces-to-boost-nigerian-smes/feed/ 0 FG, Afreximbank Sign $500m Agreement to Boost Gas Infrastructure Development https://www.theinfostride.com/fg-afreximbank-sign-500m-agreement-to-boost-gas-infrastructure-development/ https://www.theinfostride.com/fg-afreximbank-sign-500m-agreement-to-boost-gas-infrastructure-development/#respond Sun, 14 Sep 2025 10:16:26 +0000 https://www.theinfostride.com/?p=466571 The Federal Government of Nigeria has entered into a landmark $500 million financing agreement with the African Export-Import Bank (Afreximbank) to accelerate the development of the country’s gas infrastructure. The deal, which was officially sealed this week, is a key step in advancing Nigeria’s energy transition plan while also boosting its economic growth prospects. The [...]

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]]> https://www.theinfostride.com/fg-afreximbank-sign-500m-agreement-to-boost-gas-infrastructure-development/feed/ 0 Afreximbank Backs Dangote Refinery with $4 Billion Refinancing Facility https://www.theinfostride.com/afreximbank-backs-dangote-refinery-with-4-billion-refinancing-facility/ https://www.theinfostride.com/afreximbank-backs-dangote-refinery-with-4-billion-refinancing-facility/#respond Tue, 05 Aug 2025 08:54:11 +0000 https://www.theinfostride.com/?p=464009 The African Export-Import Bank (Afreximbank) has spearheaded a massive $4 billion refinancing loan to support the Dangote Refinery project, marking a major milestone in Africa’s infrastructure financing landscape. This move reaffirms the continent’s growing ability to support large-scale industrial developments through homegrown financial mechanisms. The deal, described as one of the largest of its kind [...]

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]]> https://www.theinfostride.com/afreximbank-backs-dangote-refinery-with-4-billion-refinancing-facility/feed/ 0 AfreximBank Champions Youth Empowerment for Africa’s Economic Growth https://www.theinfostride.com/afreximbank-champions-youth-empowerment-for-africas-economic-growth/ https://www.theinfostride.com/afreximbank-champions-youth-empowerment-for-africas-economic-growth/#respond Mon, 30 Dec 2024 11:54:17 +0000 https://www.theinfostride.com/?p=399129 The African Export-Import Bank (AfreximBank) has called for increased empowerment opportunities for youths across the continent, emphasizing their critical role in driving sustainable development and economic transformation. The bank’s advocacy highlights the importance of harnessing the potential of Africa’s burgeoning youth population through targeted programs and initiatives. With over 60% of Africa’s population under the [...]

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]]> https://www.theinfostride.com/afreximbank-champions-youth-empowerment-for-africas-economic-growth/feed/ 0 Proposed 5% levy on companies for community project might lead to exits – Afrexim Bank https://www.theinfostride.com/proposed-5-levy-on-companies-for-community-project-might-lead-to-exits-afrexim-bank/ https://www.theinfostride.com/proposed-5-levy-on-companies-for-community-project-might-lead-to-exits-afrexim-bank/#respond Sat, 27 Jul 2024 09:10:40 +0000 https://www.theinfostride.com/?p=385452 A new report by Afrexim Bank states that the proposed 5% tax on companies earning over N100 million for community development projects will result in the exits of multinationals from the country. The report titled, “Monthly Developments in the African Macroeconomic Environment” noted that the proposal is coming despite opposition from members of the private sector. It [...]

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]]> https://www.theinfostride.com/proposed-5-levy-on-companies-for-community-project-might-lead-to-exits-afrexim-bank/feed/ 0 AFC, Afreximbank, and King’s College Hospital Seal $40 Million Deal https://www.theinfostride.com/afc-afreximbank-and-kings-college-hospital-seal-40-million-deal/ https://www.theinfostride.com/afc-afreximbank-and-kings-college-hospital-seal-40-million-deal/#respond Sat, 24 Feb 2024 21:42:14 +0000 https://www.theinfostride.com/?p=371768 In a significant collaboration, the Africa Finance Corporation (AFC) and the African Export-Import Bank (Afreximbank) have joined forces with King’s College Hospital to finalize a $40 million deal. This partnership aims to support the development of healthcare infrastructure, particularly in the medical sector. The Infosride delves into the details of the collaboration, the intended use [...]

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]]> https://www.theinfostride.com/afc-afreximbank-and-kings-college-hospital-seal-40-million-deal/feed/ 0 AfCFTA and Free Movement: Afreximbank President Stresses Complementary Role https://www.theinfostride.com/afcfta-and-free-movement-afreximbank-president-stresses-complementary-role/ https://www.theinfostride.com/afcfta-and-free-movement-afreximbank-president-stresses-complementary-role/#respond Fri, 23 Feb 2024 21:58:08 +0000 https://www.theinfostride.com/?p=371630 In a significant statement, the President of the African Export-Import Bank (Afreximbank) has emphasized the importance of free movement of people to complement the African Continental Free Trade Area (AfCFTA). The synergy between these two elements is seen as crucial for the success of regional integration and economic development across the continent. The Infosride explores [...]

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]]> https://www.theinfostride.com/afcfta-and-free-movement-afreximbank-president-stresses-complementary-role/feed/ 0 Afreximbank and UBA Disburse Over $2 Billion Oil-for-Cash Loan to NNPC https://www.theinfostride.com/afreximbank-and-uba-disburse-over-2-billion-oil-for-cash-loan-to-nnpc/ https://www.theinfostride.com/afreximbank-and-uba-disburse-over-2-billion-oil-for-cash-loan-to-nnpc/#respond Tue, 16 Jan 2024 12:15:54 +0000 https://www.theinfostride.com/?p=367548 In a significant financial arrangement, the African Export-Import Bank (Afreximbank) and the United Bank for Africa (UBA) have disbursed a substantial oil-for-cash loan exceeding $2 billion to the Nigerian National Petroleum Corporation (NNPC). This financial collaboration reflects the strategic efforts to support Nigeria’s energy sector and underscores the pivotal role of financial institutions in facilitating [...]

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]]> https://www.theinfostride.com/afreximbank-and-uba-disburse-over-2-billion-oil-for-cash-loan-to-nnpc/feed/ 0 Benedict Oramah, Afreximbank President, Named Forbes Africa Person of the Year https://www.theinfostride.com/benedict-oramah-afreximbank-president-named-forbes-africa-person-of-the-year/ https://www.theinfostride.com/benedict-oramah-afreximbank-president-named-forbes-africa-person-of-the-year/#respond Mon, 04 Dec 2023 11:22:11 +0000 https://www.theinfostride.com/?p=363180 Prof. Benedict Oramah, the President of the African Export-Import Bank (Afreximbank), has been named the FORBES AFRICA Person of the Year for 2023, as announced during an award ceremony held in Cairo, Egypt. The prestigious recognition was part of the unveiling of FORBES AFRICA’s December 2023/January 2024 edition, featuring Prof. Oramah on the cover. The [...]

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]]> https://www.theinfostride.com/benedict-oramah-afreximbank-president-named-forbes-africa-person-of-the-year/feed/ 0 IATF2023 Achieves Milestone: Afreximbank Reports $43.7B in Trade and Investment Deals https://www.theinfostride.com/iatf2023-achieves-milestone-afreximbank-reports-43-7b-in-trade-and-investment-deals/ https://www.theinfostride.com/iatf2023-achieves-milestone-afreximbank-reports-43-7b-in-trade-and-investment-deals/#respond Wed, 29 Nov 2023 17:44:12 +0000 https://www.theinfostride.com/?p=362588 InfoStride News reported that Afreximbank revealed trade and investment deals worth approximately $43.7 billion were successfully concluded at the recently concluded Intra-African Trade Fair (IATF2023) held in Egypt. The announcement was made by Kanayo Awani, Executive Vice-President of Intra-African Trade Bank, Afreximbank, during a Post-Event Virtual News Conference in Cairo. Awani highlighted that the total [...]

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]]> https://www.theinfostride.com/iatf2023-achieves-milestone-afreximbank-reports-43-7b-in-trade-and-investment-deals/feed/ 0 Afreximbank and UBA Forge $150M Trade Facility Pact https://www.theinfostride.com/afreximbank-and-uba-forge-150m-trade-facility-pact/ https://www.theinfostride.com/afreximbank-and-uba-forge-150m-trade-facility-pact/#respond Tue, 14 Nov 2023 17:11:29 +0000 https://www.theinfostride.com/?p=360476 In the realm of economic collaboration, the African Export-Import Bank (Afreximbank) and United Bank for Africa (UBA) PLC have recently forged a significant trade finance agreement. This landmark deal, valued at $150 million, falls under the Ukraine Crisis Adjustment Trade Financing Programme for Africa, aiming to alleviate the repercussions of the Russia-Ukraine crisis. The agreement [...]

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]]> https://www.theinfostride.com/afreximbank-and-uba-forge-150m-trade-facility-pact/feed/ 0 Loan approvals to Nigeria has now reached $5.5 billion – AfreximBank https://www.theinfostride.com/loan-approvals-to-nigeria-has-now-reached-5-5-billion-afreximbank/ https://www.theinfostride.com/loan-approvals-to-nigeria-has-now-reached-5-5-billion-afreximbank/#respond Tue, 19 Oct 2021 20:43:17 +0000 https://www.theinfostride.com/?p=310759 Afreximbank’s disclosed that the total loan approvals to Nigeria has now reached $5.5 billion, accounting for 26.8% of its  African portfolio. This was made public by Dr George Elombi, Afreximbank’s Executive Vice President of Corporate Governance and Legal Services, at the intra-African Trade Fair 2021 official Nigeria high-level roadshow in Lagos on Monday, according to [...]

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]]> https://www.theinfostride.com/loan-approvals-to-nigeria-has-now-reached-5-5-billion-afreximbank/feed/ 0 Afreximbank restates commitment to AfCFTA implementation https://www.theinfostride.com/afreximbank-restates-commitment-to-afcfta-implementation/ https://www.theinfostride.com/afreximbank-restates-commitment-to-afcfta-implementation/#respond Wed, 18 Aug 2021 19:18:24 +0000 https://www.theinfostride.com/?p=304205 The Regional Chief Operating Officer of the African Export-Import Bank (Afreximbank), Eric Monchu Intong, has reiterated the bank’s commitment to the full implementation of the African Continental Free Trade Area [AfCFTA] as it remains the guaranteed strategy for the continent to propel economic recovery. Intong, who is also the bank’s Chief Operating Officer, Anglophone West [...]

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]]> https://www.theinfostride.com/afreximbank-restates-commitment-to-afcfta-implementation/feed/ 0 Nigerian government eyes $1 billion Afreximbank loan to acquire equity in Dangote refinery https://www.theinfostride.com/nigerian-government-eyes-1-billion-afreximbank-loan-to-acquire-equity-in-dangote-refinery/ https://www.theinfostride.com/nigerian-government-eyes-1-billion-afreximbank-loan-to-acquire-equity-in-dangote-refinery/#respond Mon, 05 Jul 2021 22:35:49 +0000 https://www.theinfostride.com/?p=299701 To successfully acquire its planned 20% equity in Dangote Refinery, the Nigerian National Petroleum Corporation (NNPC) has opened talks with the African Import-Export Bank (Afreximbank) to borrow $1billion for the deal. The Group Managing Director of the Corporation, Mr Mele Kyari made the revelation in an interview on Arise TV on Wednesday. According to him, [...]

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]]> https://www.theinfostride.com/nigerian-government-eyes-1-billion-afreximbank-loan-to-acquire-equity-in-dangote-refinery/feed/ 0 Education Will Enhance African Trade – Obasanjo https://www.theinfostride.com/education-will-enhance-african-trade-obasanjo/ Fri, 30 Jun 2017 17:14:45 +0000 http://www.theinfostride.com/?p=170192 <img src="https://www.theinfostride.com/wp-content/uploads/2015/12/Muhammadu-Buhari-Olusegun-Obasanjo-300×225.png" alt="" width="300" height="225" class="alignleft size-medium wp-image-110728" /Former President Olusegun Obasanjo says that basic education and good governance will enhance intra-African trade. Obasanjo said this at the ongoing 24th Annual General Meeting of the African Export-Import Bank (Afreximbank) on Friday in Kigali. He said that there should be education for all, adding that it [...]

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