Authorizations and exposure

• Range of financing programs, solutions and advisory services to support the expansion, diversification, promotion and development of intra- and extra-African trade and trade development projects
• Trade finance programs:
• Structured trade finance: Covers both exports and imports and is comprised of programs and facilities designed to address both the market and product diversification problems that Africa faces. Products include dual recourse facilities, non-dual recourse facilities, trade finance intermediaries, food emergency contingent facilities, and trade facilitation program
• Note purchase program: The bank provides financing to corporates via the purchase of promissory notes or similar instruments issued or accepted by them and avalized or guaranteed by an acceptable bank or other corporates
• Receivables purchase/discounting program: Comprises a family of facilities involving the purchase of specific, or groups of, receivables from the sale of goods and services to foreign or domestic buyers, with or without recourse to the seller. The facilities operated under this program are: Forfaiting, Invoice/Receivables Discounting, Factoring and Receivables Management, and Joint Bill Discounting/Financing and Refinancing
• Asset-backed lending program: Assets can serve as solid collateral, as their values are normally expected to rise with inflation
• Country programs: The Bank uses Country Programs to assist its member countries in peculiar circumstances which are not amenable to solutions offered by any one of the products on the Bank’s menu. The programs may be designed to assist a country undergoing economic difficulties or to support the economic development strategy of a country calling for a multiplicity of financing products
• Project-related financing:
• Limited recourse financing in support of export projects, including mining, manufacturing, and related projects, as well as infrastructure projects that facilitate exports or that generate traded infrastructure services, such as power, ports, telecoms etc.
• Beneficiaries: Eligible entities promoting projects in Africa; and eligible entities promoting projects outside Africa provided that African content in the procurement for such a project is at least 60%. African content is defined as the sum of rent, interest, wages, salary and profits retained inside Africa
• Tenor: Up to 7 years
• Eligibility: Used equipment now encouraged, competitive bids, cash disbursements to suppliers only, additional funding requirements warehoused at Afreximbank or participating banks, down payment supported by performance bonds, raw material plan and critical input plan required, experienced developers
• Eligible projects include: Large manufacturing projects; infrastructure projects, such as pipelines, power, telecoms, ports; mining projects; and tourism projects, such as hotels, resorts, airports

• Credit risk bearing, twinning, market access groups to support projects geared towards promoting non-commodity export production, especially export manufacturing and services
• Priority sectors:
• Industrial parks, export processing zones, and special economic zones
• Agro-processing projects and agri related/enabling industries with products bound for exports
• Light manufacturing projects with products bound for exports
• Service exports projects
• Special initiatives:
• Industrial Parks & Export Processing Zones
• SME Development Programme
• African Medical Center of Excellence
• Africa Quality Assurance Center
• Products:
• Afreximbank Guarantee
• Project-related financing
• AFRICOIN
• Construction and tourism-linked relay financing facility
• Construction and medical-linked relay financing facility
• ECA loans facilitation
• Syndications
• Export development advisory

• Short-term guarantee products:
• Afreximbank Letter of Credit Confirmation Guarantee Facility
• Country Risk Guarantee Facility
• Letter of Guarantee Facility.
• Tenor: Up to 3 years
• Working capital guarantee program:
• Working Capital Guarantee
• Supply Chain Finance Guarantee
• Note Purchase Cover
• Tenor: Up to 3 years
• Medium- and long-term guarantee products: Export credit support up to 7 years to African entities exporting goods and services within Africa and outside Africa. It also supports the import of capital goods and services including trade-related projects for which the bank can go beyond 7 years on an exceptional basis
• Supplier credit guarantee
• Buyer credit guarantee
• Project finance guarantee
• Investment guarantee
• ECA-Plus guarantee
• Sovereign obligations guarantee

• Afreximbank also offers trade information and advisory programs

• Eligible entities and countries must be shareholders and/or non-shareholders in Afreximbank’s participating states, shareholders in Afreximbank’s non-participating states, and non-shareholders in non-participating states but only to the extent that such financing will be used to pay for imports from a participating state

• The following transactions are eligible:
• All eligible exports of Afreximbank’s participating states
• All eligible imports of participating states, i.e., export-generating African imports, including raw materials, equipment, spare parts, and other essential items
• Intra-African trade in eligible items
• South-South trade in eligible items
• All eligible imports of non-participating states from participating states

• 2024: African Multilateral Financial Institutions forge historic strategic alliance to serve as catalyst for Sustainable Economic Development and financial self-reliance in Africa

• 2024: Equatorial Guinea and Ghana Accede to the Establishment Agreement for Afreximbank’s Fund for Export Development in Africa (FEDA)

• 2023: Afreximbank stakes USD 6 billion to strengthen food security in Africa