The Bank offers variety of guarantee products grouped into five different categories to meet various needs of clients, ranging from short term-trade guarantee solutions, working capital and supply chain finance guarantee solutions for mid-cap entities and small and medium sized enterprises (SMEs), and bonding facilities for exports and trade contracts including engineering, procurement and construction (EPC) contracts. Other categories include medium- and long-term guarantee products to support exports and imports of essential goods and services, other Afreximbank unique guarantees specific to support projects completion, market availability for African commodity processors and light manufacturers to attract medium to long term financing, and a transit guarantee to ease difficulties involved in movement of goods across borders in Africa.
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Short Term Trade Guarantee Products
The Bank’s short-term guarantee products aim to promote intra- and extra-African trade. Through the programme, the bank offers the following products up to 3 years: Afreximbank Letter of Credit Confirmation Guarantee Facility; Country Risk Guarantee Facility; and Letter of Guarantee Facility. Afreximbank Letter of Credit Confirmation Guarantee Facility A Letter of Credit Confirmation Guarantee Facility
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Working Capital Guarantee Programme (WORKAP)
The Working Capital Guarantee Programme (WORKAP) assists African exporters, Small and Medium- sizedEnterprises (SMEs) and businesses involved in the supply chain to gain access to working capital finance. It can be both pre- and post-shipment in respect of specific export contracts, raw material acquisition, contract financing, among others. Under the programme, we provide guarantees to
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Medium and Long-Term Guarantee Products
Medium and Long-Term Guarantee Products The Afreximbank medium- and long-term guarantee facilities offer export credit support up to 7 years to African entities exporting goods and services within Africa and outside Africa. It also supports the import of capital goods and services including trade-related projects for which the bank can go beyond 7 years on
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Bonding Facilities
A Bond Facility is often a prerequisite for exporters/suppliers and companies providing goods or services to buyers in overseas or domestic markets. The Afreximbank bonding facility helps by providing bonds (guarantees) to support eligible export-related contracts and other services. It is common for a buyer to require their supplier to provide bonds (or guarantees) as
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Other Unique Guarantee Products
The other guarantee products offered by Afreximbank are: Construction Finance Guarantee The Bank’s Construction Finance Guarantee programme supports the promotion of export services through the development of tourism, medical and export manufacturing projects in Africa through a risk sharing arrangement that leverages Afreximbank’s strong credit standing and its preferred creditor status in its member countries.
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How to Apply
Submit your application to Afreximbank Head office (Guarantees & Specialised Finance) or any of our branches using contact details indicated below. The application should include the following: Detailed Information about the applicant; Brief information about the transaction Company Profile and Ownership Structure; Board and Management Profiles; 3 years most recent financial statements; Business plan if