Afreximbank Archives - Wontumi Online

18 Sep

AfreximBank Balance Sheet Expands By 8% To $30 Billion

wontumionlineBusinessAfreximbank, Benedict Oramah

African Export-Import Bank (AfreximBank) has expanded its balance sheet size by 8% in the first half of the year to more than $30 billion, the multilateral financial institution said in its consolidated financial statements. The results demonstrate a strong and resilient performance, which was ahead of expectations, the group said in its performance scorecard following surging disbursements. AfreximBank Group’s total balance sheet assets grew by 8% from US$27.9 billion as of 31 December 2022 to approximately US$30.1 billion as of 30 June 2023. The growth was driven by the increase in loans and advances to customers, which grew by 13%…

22 Jun

Major Boost For Local Oil And Gas Sector As Springfield Bags US$750m Facility From Afreximbank

wontumionlineBusinessAfreximbank, Springfield Exploration and Production Limited

Springfield Exploration and Production Limited (SEP), an independent African energy company, has signed a US$750million facility with African Export-Import Bank (Afreximbank). The ceremony took place at the just-ended Afreximbank 30th Annual General Meetings held in Accra. This deal is expected to re-energise the industry from one that appears to have stagnated at best or was in decline at worst, and nudge players to seek fresh investments in exploring more blocs and generating more revenues. Despite the global shifting of focus away from fossil fuels, a deal such as this also shows that the world’s appetite for oil and gas won’t…

21 Jun

FULL TEXT: BoG Governor’s Remarks At Afreximbank AGM Stakeholder Side Event

wontumionlineBusinessAfreximbank, Dr. Ernest Addison

1. Once again, a very warm "Akwaaba" to the vibrant city of Accra, and let me extend my heartfelt congratulations to AFREXIMBANK on their remarkable 30-year commitment to Africa. No doubt, AFREXIMBANK’s dedication and efforts have impacted positively on the continent's economic progress and l am thankful that Ghana is hosting this landmark 30th Annual Meeting, a testament to our country's position as a hub of trade and commerce. 2. Ladies and Gentlemen, united by a shared vision for the prosperity of Africa, this event seeks to explore the immense potentials of digital technology to boost economic prospects of our…

20 Jun

Afreximbank Disbursed US$7bn To Assist African Economies – Ofori-Atta

wontumionlineBusinessAfreximbank, Ken Ofori Atta

When the world was hit by the global pandemic - coronavirus - it had dire consequences on some economies, of which African economies were no exception. African countries, including Ghana, had its economy in a wobbling state for quite some time and just as the government put in measures to stabilize the economy, there was a war between Russia and Ukraine. The Russia-Ukraine war, according to the government, had impacted the Ghanaian economy negatively, hence, the move to run to the Bretton Woods Institution for a US$ 3 billion financial bailout programme. Despite this IMF programme, the Minister of Finance, Ken…