Afreximbank Launches $3bn Facility To Boost Intra-African Oil Trade

The African Export-Import Bank (Afreximbank) has unveiled a $3 billion financing programme aimed at strengthening intra-African and Caribbean trade in refined petroleum products, a strategic move designed to reduce the continent’s dependence on fuel imports from outside Africa. Announced on Monday, the new initiative—tagged the Revolving Intra-African Oil Trade Financing Programme—will facilitate the purchase of … Continue reading Afreximbank Launches $3bn Facility To Boost Intra-African Oil Trade