One of the major challenges facing Nigeria and other African countries is their inability to have a single currency and card payment system that will guarantee financial independence from the West. The U.S. dollar has long been the single currency of global trade that has not only dominated Africa alone, but the global economy as well. The continued trend has …

The African Export-Import Bank (Afreximbank) has revealed that Nigeria loses an estimated $1.1 billion annually to medical tourism, a trend it described as a significant drain on the country’s foreign exchange and a major impediment to the development of its healthcare sector. This disclosure was made by the Bank’s Export Development Managing Director, Mrs Oluranti Doherty, during the 32nd Afreximbank …

The African Medical Centre of Excellence (AMCE) has launched, marking a groundbreaking milestone in African healthcare infrastructure. Positioned in Nigeria’s capital, Abuja, AMCE represents a transformational leap towards healthcare self-reliance and innovation on the continent. Also read: Emeka Offor supports Rotary’s maternal, child health programme in Nigeria with $5m This ultra-modern facility is the result of a strategic partnership between Afreximbank …

The Ministry of Arts, Culture, and Creative Economy has successfully secured a $200 million investment from the African Export-Import Bank (Afreximbank) to enhance Nigeria’s creative industry. In a statement released on Tuesday, the ministry announced that this investment was revealed during an event titled “Destination 2030: Nigeria Everywhere” at the recent United Nations General Assembly (UNGA) in New York. The …

The Niger Delta Development Commission (NDDC) has started discussions with officials of the African Export-Import Bank, Afreximbank, as part of its efforts to collaborate with development partners in the quest for economic growth in the Niger Delta region. In an interview with newsmen at the end of the 31st Afreximbank Annual Meeting in Nassau, The Bahamas, NDDC’s Managing Director, Dr …

Cross River State government, has secured a $3.5 billion funding from the Pan-African multilateral financial institution, African Export-importbank (Afreximbank), for some of its key infrastructure projects in the state. The state governor, Senator Bassey Otu, who was in Egypt, last week for a workshop, also visited the African Export-Import Bank (Afreximbank) in Cairo to explore partnership in key infrastructure projects …

The African Export–Import Bank has signed a $1 billion partnership agreement with the Federal Government to support the development of Nigeria’s healthcare sector under the Presidential Initiative for Unlocking Healthcare Value Chains. Also, the Africa Finance Corporation is to invest $40 million towards the construction of the African Medical Centre of Excellence Abuja hospital. Speaking at the 2024 AMCE African …

President Bola Tinubu has said that his administration is strongly committed to providing excellent healthcare facilities for all Nigerians and will continue to prioritize domestic and foreign direct investments in the sector. At a meeting with the President of African Export-Import Bank (Afreximbank), Prof. Benedict Oramah; accompanied by a delegation from King’s College Hospital, London, the President welcomed the partnership …

Alphaden Energy & Oilfield Limited has inked a $60 million loan facility deal with the African Export-Import Bank (Afreximbank), for the construction of a 20 million standard cubic feet per day gas processing facility in Bayelsa State, Nigeria. The 7-year term loan agreement was signed by the CEO of Alphaden Energy & Oilfield Limited, Paschal Anyanwu and the director and …

The Enugu State Government at the weekend took a bold step towards the actualisation of a $30 billion economy in the next four to eight years, as the state successfully hosted an inaugural Enugu State Investment and Economic Growth Stakeholders Roundtable. This was even as the administration of the state governor, Dr Peter Mbah, used the occasion to unveil 30 …