Afreximbank

South Africa has today officially acceded to the Establishment Agreement of the African Export-Import Bank (Afreximbank), marking the formal entry of one of the continent’s largest economies into the bank’s membership and signaling a potential shift in the region’s financial architecture. The move brings South Africa into the fold of Africa’s leading multilateral financial institution, which was created to finance and promote intra-African and extra-African trade. Membership gives Johannesburg formal access to a…

African Export-Import Bank (Afreximbank) and Heirs Energies Limited have announced a landmark US$750 million financing partnership designed to optimize Heirs Energy's capital structure and unlock critical liquidity to support its working capital requirements as it pursues its ambitious field development program. The investment is expected to significantly transform Nigeria's domestic energy capacity as demand rises. This collaboration comes at a crucial time for Nigeria, a nation grappling with increased energy demands and…