African countries spend \$90bn yearly on infrastructure Local contractors sidelined due to financing gaps Afreximbank launches support plan for African firms Africa spends nearly \$90 billion every year on infrastructure, but most of the contracts still go to foreign companies. Eko Hot Blog reports that this concern was brought to the fore during the Intra-African … Read more
Lagos Secures 2027 Intra-African Trade Fair Hosting Rights Sanwo-Olu said Lagos’ selection reflects Nigeria’s central role in Africa’s economic integration Bada-Ambrose described the IATF nomination as a proud moment for Lagos Lagos State, Nigeria, has been nominated as the host city for the 2027 Intra-African Trade Fair (IATF) by the African Export-Import Bank (Afreximbank), in … Read more
Trade Fair to Come to Lagos in 2027 Lagos to Drive Continental Trade in 2027 Lagos as Host of 2027 Intra-African Trade Fair Former Nigerian President Olusegun Obasanjo has officially announced that Lagos, Nigeria, will host the 2027 Intra-African Trade Fair (IATF). Eko Hot Blog reports that he made the announcement during the opening ceremony … Read more
The Nigerian National Petroleum Company Limited (NNPCL) has announced securing a $1bn crude-backed loan to facilitate the operations of the 650,000 barrels-per-day Dangote Petroleum Refinery and address liquidity challenges. Chief Corporate Communications Officer, Olufemi Soneye, revealed this during the Energy Relations Stakeholders Engagement in Abuja on Monday. EDITOR’S PICKS PDP Declares Ethiope East Federal Seat … Read more
Keystone Bank Limited has re-emphasised its commitment to the growth and development of the Africa’s creative industry as the lender recently partnered with the African Export-Import Bank (Afreximbank) and other multilateral agencies to host the maiden edition of the Creative Africa Exchange Weekend (CAX WKND) in Kigali, Rwanda. According to the organizers, the Creative Africa … Read more
The African Export-Import Bank (Afreximbank) has disclosed it is providing one billion dollars grant to African countries to support the implementation of the Agreement for the African Continental Free Trade Area (AfCFTA). In a statement by Afreximbank’s spokesman, Mr Obi Emekekwue, the bank’s president disclosed this to the African Heads of States at the 12th … Read more
The African Export-Import Bank (Afreximbank) says it is providing $1 billion grant to African countries to support the implementation of the Agreement for the African Continental Free Trade Area (AfCFTA). In a statement by Afreximbank’s spokesman, Obi Emekekwue, the bank’s president said this to the African Heads of States at the 12th Extraordinary Summit of … Read more