Liberian Palm Developments Ltd., the joint venture between Equatorial Palm Oil of the United Kingdom and BioPalm Energy, Ltd., a subsidiary of Singapore-based Siva Group Incorporated, has appointed the African Export-Import Bank (Afreximbank) as advisor to help it secure the $140 million financing facility for its Palm Bay project located near Liberia’s deepwater port of Buchanan.
Afreximbank signs Euro 55-million facility agreements
The African Export-Import Bank (Afreximbank) has signed facility agreements to provide almost 55 million Euros to three firms for equipment procurement and to enhance cocoa beans processing capacities as part of the Bank’s programme to support value-additive activities to move Africa away from remaining an exporter of raw produce.
EDC provides $30-million line of credit to Afreximbank to boost Africa-Canada trade
Export Development Canada (EDC) today announced that it has provided a USD 30 million five-year line of credit to the African Export-Import Bank (Afreximbank), the proceeds of which will be used to provide financing to African companies procuring Canadian goods or services.
African bankers complete Afreximbank’s structured trade finance training
About 80 senior bankers and officers of financial institutions from countries across Africa have completed a specialized training programme in structured trade finance organized by the African Export-Import Bank (Afreximbank) in Cairo to equip them to deal with risks in financing trade under a difficult politico-economic environment and changing trade counterparties.
African banks must innovate, Minister tells Afreximbank Seminar participants
To compete with the rest of the world, Africa must resolve its skills gap and overcome its technical limitations, Mona Omar, the Assistant Foreign Minister for African Affairs of Egypt, said in Cairo today.
Afreximbank calls for applications for internship programme
In pursuit of its mandate to promote and finance trade in Africa, the African Export-Import Bank has began accepting applications from African university students for slots in its internship programme scheduled to run from this December to May 2013.
Afreximbank–led syndication helps Starwood achieve first Luxury Collection in ECOWAS region
The Starwood Hotels and Resorts Group today in Lagos launched the development of its first Luxury Collection brand in the ECOWAS region, the Le Meridien Grand Towers Hotel project, sponsored by Robert Dyson and Diket, Ltd. (RDD).
Economists: Growing impact from ‘south-south’ trade
Closer cooperation among developing countries will not only be a driving force for their own development, but also fuel global growth, international economists told a seminar in Beijing on Wednesday during the ongoing shareholders’ meeting of the African Export-Import Bank. Richard Kozul-Wright, an economist at the United Nations Conference on Trade and Development, said the
Crucial China role for African Export-Import Bank
With more than $126 billion in trade with Africa, China has surpassed the United States to become the continent’s largest trade partner. The rank is reflected in the annual meeting of shareholders of the African Export-Import Bank now under way in Beijing. Jean-Louis Ekra, chairman and president of Afreximbank, told a press conference on Monday
African bank meeting brings opportunity to China
The shareholders of the African Export-Import Bank have selected China to be the first non-African host of their general meeting, which opens in Beijing on July 10. Also known as Afreximbank, the lending institution will have a seven-day meeting that is expected to serve as a platform for African countries to better understand China, exchange
ACBF and Afrexim sign partnership agreement
The African Capacity Building Foundation and Afrexim have signed a partnership agreement to support intra-African trade.
African borrowers shine after wave of oversubscriptions but volume fears stick
Standard Bank (Aa2/BBB+) will sign its three year credit facility on May 22. The bank launched the dollar denominated loan at $750m with a 200bp margin before fees. When the deal was launched in March, a funding official suggested that the margin could be high enough for Standard Bank to attract commitments of up to $1.25bn.