Federal Republic of Nigeria has officially joined the Fund for Export Development in Africa (FEDA), becoming the 16th nation to endorse the Establishment Agreement of this influential development and investment platform operated by the African Export-Import Bank (Afreximbank). This strategic accession is a testament to Nigeria’s robust support for FEDA, marking a significant step in…
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Afreximbank and African Petroleum Producers to create a multi-billion-dollar African Energy Bank
JOHANNESBURG: The African Export-Import Bank (Afreximbank), has signed a Memorandum of Understanding (MoU) with the African Petroleum Producers Organization (APPO) for the creation of a multi-billion-dollar energy bank. Aimed at scaling up private sector investment in African oil and gas projects, the bank will provide critical financing for new and existing oil and gas projects,…