Tag: Afreximbank

Energy, Oil & Gas

Afreximbank boosts Angola’s energy sector with $1.75bn Sonangol facility

Afreximbank, alongside lead arrangers, secured a $1.75 billion syndicated receivables facility for Sonangol, Angola’s national oil company. The funding supports Sonangol’s operational and capital needs, while promoting African-led financing to drive growth, industrialisation, economic self-reliance, and sovereignty across continent....

Energy, Oil & Gas

Afreximbank backs Levene Energy with $64m for Axxela deal

African Export-Import Bank (Afreximbank) has provided a $64 million Acquisition Finance Facility to Levene Energy Development. The facility supports Levene Energy’s equity commitment to Bluecore Gas Infraco enabling the acquisition of a 30 per cent equity stake in Axxela, one of West Africa’s leading gas and power infrastructure companies....