Tracking capital, trade and ideas powering Africa's growth story.
BUSINESS
African Export-Import Bank (Afreximbank) has made another significant move by disbursing an additional $925 million for Project Gazelle, raising the total facility size to $3.175 billion. This funding is part of a larger $3.3 billion crude oil-backed prepayment deal sponsored by the Nigerian National Petroleum Company (NNPC) Limited. The funding was coordinated by Afreximbank and […]
BUSINESS
Afreximbank, in partnership with Arise Integrated Industrial Platforms (Arise IIP) and the Republic of Malawi, has initiated the construction of the Magwero Industrial Park in Lilongwe. This integrated industrial park is set to accelerate Malawi’s economic growth by providing a hub for manufacturing, processing, and export-oriented activities. Project Overview The Magwero Industrial Park is a […]
BENIN
The Republic of Benin has joined 16 other countries in acceding to the Establishment Agreement for Afreximbank’s impact investment subsidiary, the Fund for Export Development in Africa (FEDA). This accession marks a significant milestone in FEDA’s mission to drive economic development through impactful investments across the continent. Overview of FEDA FEDA is an impact investment […]
AFRICA
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BUSINESS
The Fund for Export Development in Africa (“FEDA”), Afreximbank’s impact investment subsidiary, has announced its investment into Bloom Africa Holdings Limited (BAHL), a regional financial services platform operating across West Africa. BAHL holds interests in multiple financial institutions across Gambia, Sierra Leone, and Liberia operating as Bloom Bank Africa. These institutions function as full-service commercial […]