Afreximbank, a pan-African financial institution, has agreed to provide a $750 million facility to Springfield Exploration and Production Limited (SEP), a Ghanaian-owned independent energy company. The deal was signed at the Afreximbank 30th Annual General Meetings in Accra, Ghana. The facility will support the development of the West Cape Three Points Block 2, where SEP
June 23, 2023
Dr. Ernest Addison, the Governor of the Bank of Ghana (BoG), has emphasized the need for policies that boost economic resilience and foster trade between Africa and the Caribbean. He made these remarks at the 30th Annual Meetings of Afreximbank shareholders in Accra, Ghana. He said that the two regions have a common history, untapped
June 22, 2023
Ghana has secured US$1 million from the African Export-Import Bank (Afreximbank) to conduct a feasibility study for its railway development project. The study aims to unlock an estimated US$3.5 billion worth of assets for railway rehabilitation and development, which will boost economic activities and facilitate the transportation of people and goods. The US$1 million grant
June 21, 2023
The African Export-Import Bank (Afreximbank) has announced that it will provide US$10 billion in funding to support African countries that are part of the African Continental Free Trade Area (AfCFTA). The funding will be used as an adjustment fund to help African countries and their private sector actors to participate effectively in trade under the
June 20, 2023