Oilserv Nigeria Ltd. has urged International Oil Companies (IOCs) operating across Africa to tap into the continent’s vast opportunities, particularly…
Browsing: Afreximbank
The African Medical Centre of Excellence (AMCE) has called for urgent reforms to fix Nigeria’s growing healthcare gaps. It warned…
African Export-Import Bank (Afreximbank) is doubling its commitment to facilitating a just energy transition for Africa that supports the continent’s critical development needs and unlocks its economic potential.
Shareholders of the African Export-Import Bank (Afreximbank) have approved an increase in the authorised share capital from five billion dollars to 25 billion dollars.
“It is intended that this concessional finance window will be used to support climate finance transactions, in addition to other financing opportunities,” said Oramah, who was represented at the event by Afreximbank’s Director of Project and Asset-Based Finance, Helen Brume.
Without mentioning names, the businessman stated that foreign banks are not interested in helping Africa grow, explaining that indeed some of them clandestinely attempted to push the company into loan default during the COVID-19 pandemic.
Afreximbank said it has disbursed 40 million dollars Intra-African Investment Facility to Fidelity Bank Nigeria Plc to support Fidelity Bank’s acquisition and recapitalisation of Union Bank United Kingdom.
Net Interest Income for Q1 2024 grew by 31.73% to US$393.4 million, compared to US$298.6 million for the prior year’s comparative period (Q1 2023).
“The financing cost is linked to the credit rating of the corporate buyers, thereby making this product particularly valuable for Small Medium Enterprises suppliers who may face challenges in accessing bank finance at competitive pricing.”
President Bola Tinubu has restated his administration’s committed dedication to delivering effective healthcare services to the entirety of Nigeria’s populace.…