COVID-19: Afreximbank, ITFC sign $250m finance facility for vaccines procurement, economic recoveryÂ
Nov. 10, 2021 The African Export-Import Bank (Afreximbank) and the International Islamic Trade Finance Corporation (ITFC), have signed a 250 million dollar facility to provide funds for the bank to…
Dangote in talks with traders for oil refinery loan
Sept. 16, 2021 Africa’s richest man Aliko Dangote is in talks with some of the world’s biggest oil traders to help finance his mega refinery project outside of Nigeria’s commercial…
COVID-19: J&J vaccine partly manufactured on the continent, Africa CDC justifies choice
Aug. 13, 2021 The Africa Center for Disease Control (Africa CDC) has explained that the Johnson and Johnson (J&J) vaccine was chosen for the continent because ‘it is a single…
COVID-19: NPHCDA, others inspect first AU shipment of 177,600 J&J vaccines
Aug. 12, 2021 The National Primary Health Care Development Agency (NPHCDA) and other partners have inspected the first shipment of 177,600 Johnson and Johnson single-shot vaccines from the African Union…
Nigeria not relying on donations for COVID-19 vaccines – Minister
Aug.11, 2021 The Minister of Information and Culture, Alhaji Lai Mohammed says the insinuation in certain quarters that Nigeria is going cap in hand seeking donations for COVID-19 vaccines is…
COVID-19: Burkina Faso, Djibouti, Ethiopia first to get US-donated vaccine deliveries to Africa – Gavi
July 16, 2021 Following close collaboration between the African Union (AU), African Vaccine Acquisition Trust (AVAT), COVAX and the United States Government, AU Member States are set to receive approximately…
Standard Chartered provides $200 mln for Africa’s vaccine procurement
July 15, 2021 Standard Chartered Bank said on Thursday it is providing $200 million in not-for-profit funding to the African Export-Import Bank’s COVID-19 vaccine procurement framework for Africa. The facility…
COVID-19: African trade finance sees $5bn in portfolio outflows in Q1 2020 but opportunities exist – report
April 23, 2021 Constrained global financial conditions caused by Covid-19 have led to massive portfolio outflows from Africa, exceeding $5 billion in the first quarter of 2020, a new continent-wide…
AFREXIMBANK, NEXIM to mobilise $50m support investments in Nigeria
The African Export-Import Bank (Afreximbank) and the Nigeria Export-Import Bank (NEXIM) have expressed readiness to mobilise 50 million dollars as Joint Project Preparation Fund for investments in Nigeria. The organisations…
$1.5bn refinery rehabilitation: Nigerians should hold me, Govt accountable for every dollar spent – Sylva
The Minister of State for Petroleum Resources, Timipre Sylva, has promised to ensure that every dollar and cent of the $1.5 billion proposed for the rehabilitation of the Port Harcourt…