Tag: Afrexim Bank
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Afreximbank urges African businesses to embrace insurance
The Executive Vice President of the Intra – African Trade Bank of the African Export-Import Bank (Afreximbank), Kanayo Awani has reiterated the need for African businesses to embrace innovative insurance packages to spur economic growth. This, she explains will reduce the several instances of the continent’s over reliance on its external partners for optimal economic…
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Afreximbank approves USD 50 million for Prime Meridian Docks Ghana Limited
The Executive Committee of the Board of Directors of African Export-Import Bank (Afreximbank) in Cairo has approved senior debt funding of USD 50 Million for Prime Meridian Docks Ghana Ltd (PMD). This is to form part of a USD 75 Million syndicated project-finance facility for the company’s maritime infrastructure project. The funding is to support…
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Parliament approves $750 million loan agreement with Afrexim Bank
Parliament has approved a $750 million loan agreement with the Afrexim Bank for funding infrastructure projects and budget support. This comes despite a last-minute attempt to arrest the motion on grounds of lack of a quorum. The loan is part of a $1 billion dollar facility, the government is seeking to shore up its reserves…