BUSINESS NEWS

Zimbabwe engages Afreximbank over US$70m package

THE African Export-Import Bank (Afreximbank) is working on a financial package in the region of US$70 million for the local manufacturing sector. This was revealed by Industry and Commerce Minister Nq...

By Staff reporter | Published: 01 July 2019

FINANCIAL SERVICES

Afreximbank disburses €100m to Mota-Engil Africa

Regional lender, African Export-Import Bank (Afreximbank) has disbursed a €100 million facility to a revolving global credit facility to support Mota-Engil Africa implement key developmental project...

By Staff reporter | Published: 24 April 2019

BUSINESS NEWS

Afreximbank avails $1.5bn stabilisation facility to Zimbabwe

Zimbabwe new dispensation got a shot in the arm after the Afreximbank and Reserve Bank of Zimbabwe signed $1.5 billion stabilisation facility.The deal was signed this Friday, Afreximbank headquarters ...

By Staff reporter | Published: 16 December 2018

BUSINESS NEWS

Afreximbank disburses $8bn from intra-African trade facility

THE African Export Import Bank (Afreximbank) has disbursed over a third of the $25 billion facility meant to accelerate intra-African trade, the bank's president and chairman Benedict Oramah has said....

By Staff reporter | Published: 12 July 2018

BUSINESS NEWS

Zimbabwe seeks $500m from Afreximbank

THE Reserve Bank of Zimbabwe (RBZ) is negotiating a $500 million funding package with the African Export and Import Bank (Afreximbank), as part of efforts to resolve the foreign currency shortages bli...

By Staff reporter | Published: 02 July 2018

BUSINESS NEWS

Zim draws down $1,1bn from Afreximbank facilities

The Reserve Bank of Zimbabwe said it drew down as much as $1,1 billion from nostro stabilisation facilities last year extended by the Afreximbank as it sought to stabilise the foreign exchange market...

By Staff reporter | Published: 08 February 2018

BUSINESS NEWS

Zimbabwe's $1,5bn package: The details

THE US$1,5 billion package from the Africa Export-Import Bank (Afreximbank), which was availed in December last year, will be used to stimulate the economy by providing investment guarantee, supportin...

By Staff reporter | Published: 04 February 2018

BUSINESS NEWS

Zimbabwe gets $1.5 billion from Afreximbank

THE African Export-Import Bank (Afreximbank) yesterday announced a $1,5 billion economic stabilisation package for Zimbabwe that will go towards the revival of the productive sector to stimulate more ...

By Staff reporter | Published: 13 December 2017

LANDS & AGRICULTURE

Govt works on $56m fertiliser facility

ZIMBABWE is working on a $56 million facility with the African-Export and Import Bank (Afreximbank) to support importation of fertiliser for the forthcoming agriculture season.The amount would be part...

By Staff reporter | Published: 03 October 2017

BUSINESS NEWS

Afreximbank to build multimillion complex

Cairo-Head-quartered Afreximbank announced plans to build a multimillion business complex comprising a porsche hotel in Harare's Newlands area, Afreximbank president Dr Bennedict Oramah has said. The ...

By Staff reporter | Published: 03 October 2017

BUSINESS NEWS

Afreximbank, Zimbabwe's lender of last resort

THE African Export Import Bank (Afreximbank) has emerged as Zimbabwe's key source of financial succour since the early 2000s, when President Robert Mugabe's government was frozen out of international ...

By Staff reporter | Published: 28 September 2017

MINING & RETAIL

Afreximbank, RBZ negotiate gold deal

Fidelity Printers Refinery is set to start processing gold from other African countries if negotiations between the African Export-Import Bank (Afreximbank) and the Reserve Bank of Zimbabwe on the iss...

By Staff reporter | Published: 28 September 2017

BUSINESS NEWS

Afreximbank working on $1bn Zimbabwe deals

AFRICAN Export-Import Bank (Afreximbank) president, Benedict Oramah says they are working on $1 billion worth of deals with both public and private sector entities in Zimbabwe.Speaking at a dinner rec...

By Staff reporter | Published: 26 September 2017

JOBS

Afreximbank is recruiting globally!

The African Export-Import Bank (Afreximbank) is a Multilateral Financial Institution established in 1993 by African governments, African private and institutional investors as well as non-African fina...

By Afreximbank | Published: 06 September 2017

BUSINESS NEWS

Afreximbank facility to avert fuel prices

A $600 million nostro stabilization facility from Afreximbank will largely support fuel and electricity imports as well as critical government obligations, sources said this week. The development will...

By Staff reporter | Published: 31 August 2017

BUSINESS NEWS

RBZ turns to Afreximbank again

RESERVE bank of Zimbabwe (RBZ) is negotiating for more nostro stabilisation facilities with the Afreximbank, as it makes strides to avert a dry foreign exchange spell after the tobacco selling season....

By Staff reporter | Published: 07 July 2017

FINANCIAL SERVICES

FBC to get $20m from Afreximbank

FBC Holdings will soon start drawing down on the last tranche of $20 million out of the $60 million facility secured from Afreximbank after signing off papers for the release of the funds. Group chief...

By Golden Sibanda | Published: 10 July 2014

BUSINESS NEWS

Zim, Afreximbank sign trade securities MoU

GOVERNMENT has signed a memorandum of understanding (MoU) with the African Export-Import Bank (Afreximbank) to provide debt securities that could be used as collateral for interbank funds placements ...

By Staff reporter | Published: 13 February 2014

INDUSTRIALS & ENERGY

Afreximbank, Zesa in $100m deal

Zesa Holdings (Zesa) has tentatively agreed to a $100 million financing deal with the African Export and Import Bank (Afreximbank) for its prepaid meter-expansion project, businessdaily can reveal.Thi...

By Staff reporter | Published: 05 December 2013

FINANCIAL SERVICES

CBZ wins Afreximbank award

CBZ Bank has been awarded the financial institutions award (gold category 2013) in recognition of its exceptional contribution to the work of the African Export Import Bank (Afreximbank).The award, e...

By Business Reporter | Published: 09 July 2013
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