African Export-Import Bank |

Afreximbank Has $500 Million for Africa to Buy Russian Planes

CAIRO (Capital Markets in Africa) – The African Export-Import Bank will provide African national airlines and privately owned companies $500 million through an export-credit facility provided by the Russia Exim Bank. Another $300 million will be available for an aircraft-leasing facility, targeting airlines that can’t afford upfront cost of purchasing jets, Afreximbank’s director of client relations, Rene Awambeng, told reporters in the Kenyan capital, Nairobi. He spoke during a three-nation roadshow by Russian plane makers…

AfDB Approves a USD 450 million Trade Finance Package for Afreximbank

Posted on by The Editorial Team

ABIDJAN (Capital Markets in Africa) – The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, May 29, 2017 a USD 450 million Trade Finance Package for the African Export–Import Bank (Afreximbank). The facility consists of a 3-year USD 150 million unfunded Risk Participation Agreement (guarantees) and a 4-year USD 300 million Trade Finance Line of Credit. This composite facility will help to expand Afreximbank’s risk bearing capacity for the confirmation of…

Afreximbank Targets $1.5 Billion Support for Burkina Faso’s Five-Year Plan

Posted on by The Editorial Team

Ouagadougou (Capital Markets in Africa) – The African Export-Import Bank (Afreximbank) will arrange up to $1.5 billion in multi-sourced finance to support projects and initiatives under Burkina Faso’s five- year National Economic and Social Development Plan (PNDES), Bank President Dr. Benedict Oramah has announced in Ouagadougou. Speaking on Tuesday after a meeting with Roch Marc Christian Kaboré, President of Burkina Faso, Dr. Oramah, said that the support would target activities aimed at building capacity in…