Afreximbank

In recent months, Ghana has found itself mired in a complex and contentious dispute with the African Export-Import Bank (Afreximbank) over a sizable debt of $768.4 million. This situation comes on the heels of a challenging debt restructuring process that the country has been navigating. The backdrop is certainly tense. The Ghanaian Finance Ministry is advocating for the treatment of the Afreximbank loan to mirror other debts it has successfully restructured. These include a mix of bilateral loans from China and…

The African Export-Import Bank (Afreximbank) has recently unveiled an ambitious initiative: a $3 billion revolving credit facility designed to simplify fuel access for buyers in Africa and the Caribbean. This groundbreaking measure allows for more streamlined acquisition of essential fuel types, including petrol, diesel, and jet fuel, sourced directly from refineries across the continent. With a mission that touches not just economies, but communities, this initiative may reshape the energy landscape in profound ways.…

Cairo, Egypt, 24 March 2025: In a strategic move that echoes both promise and progress, Somalia has officially joined the ranks of the African Export-Import Bank (Afreximbank), becoming its 53rd member state. This pivotal accession marks a step closer to Afreximbank’s vision of an integrated African financial synergy, aiming to extend its diverse suite of offerings across the continent. With a committed signature from Hon. Hirsi Jama Gani, State Minister, Office of the Prime Minister, this accession wasn’t merely a…