Afreximbank to soon open a $1 billion credit line to support Angolan SMEs
Tuesday, 18 December 2018 11:17
(Ecofin Agency) - The African Export-Import Bank (Afreximbank) is about to open a $1 billion credit line to support Angolan SMEs, Paulo Gomes, one of the bank’s advisers, announced on December 14, 2018.
Talking during the intra-Africa trade fair held in Cairo on December 10-17, 2018, M. Gomes explained that via Angolan banks, this credit line would fund SMEs operating in the energy and industrial sectors.
Founded in October 1993, Afreximbank is a multilateral institution dedicated to the financing and promotion of extra and intra-Africa trade. Since the launch of its activities in 1994, the Cairo-based bank has provided about $60 billion credit facility to African companies.
Live News
-
Official Launch of the 2nd Edition of the Invest in Senegal Forum (FII Senegal 2025)
19:43
-
Africa Set to Attract $50bn for Critical Minerals by 2040 (IEA)
18:51
-
Petrobras Makes Comeback in Angola’s Oil Sector with Two New Deals
18:44
-
South Africa Proposes Policy That May Ease Starlink’s Entry
18:38
-
Togo Plans New Digital Strategy to Address Emerging Priorities
18:32
-
Cameroon Emerges as Key Market for Orange Money in Africa
18:21
-
Togo: SAFER Deploys Mobile Weighing Brigades to Fight Overloading
15:27
-
CPC Calls for Extension of Municipal Candidate Filing Deadline
15:06
-
Algeria Partners with Russian Firm to Strengthen Its Digital Defense
15:04
-
Solar Energy: EDF Secures $10M Loan to Expand in Africa
14:59
• The NCC now requires telecom operators to publish details of major service outages.• Operators mus...
• U.S. bill includes 5% tax on money sent abroad by migrants, affecting $13B to Africa• Nigeria...
• WAEMU’s tax revenue remains far below the 20% benchmark, stuck at 14% of GDP• IMF projects target ...
New solar plant to generate 85,934 MWh annually in Katiola Private $60M investment...
South Africa’s Unemployment Insurance Fund (UIF) will inject $21 million into the South Afr...
• Africa, home to 30% of global critical mineral reserves, is projected to receive $50 billion in production investments by 2040.• Most of this...
• Petrobras signs two new cooperation agreements with Angola’s Sonangol and oil regulator ANPG as part of its return to African oil and gas.• The...
New draft policy links telecom licenses to local investment commitments Starlink's entry could be easier, though officials deny favoring Elon...
• Egypt is doubling the storage capacity of its main edible oil terminal in Alexandria to 150,000 tons to improve food security.• The move comes amid...
The Osun-Oshogbo Sacred Grove, located in the city of Oshogbo in southwestern Nigeria, holds significant cultural and religious meaning for the Yoruba...
Perched high in the northeastern hills of Nigeria, near the Cameroonian border in the Adamawa mountains, the cultural landscape of Sukur reveals itself as...