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Afreximbank

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    • Dr. George Elombi, President of Afreximbank and Mr. Tony Elumelu, Chairman, Heirs Energies Limited display the signed agreement (1)
    • Dr. George Elombi, President of Afreximbank and Mr. Tony Elumelu, Chairman, Heirs Energies Limited display the signed agreement (2)
    • Afreximbank backs Heirs Energies with $750-million facility, boosting Nigeria’s domestic energy capacity
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Source: Afreximbank |

Afreximbank backs Heirs Energies with $750-million facility, boosting Nigeria’s domestic energy capacity

Heirs Energies plays a pivotal role in Nigeria’s oil and gas industry, where crude oil remains a resource of critical national and international importance

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) and Heirs Energies Limited have announced a landmark US$750-million financing partnership designed to optimise Heirs Energy’s capital structure and unlock critical liquidity to support its working capital requirement as it pursues its ambitious field development programme. The investment is expected to significantly transform Nigeria’s domestic…

Heirs Energies

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    • Chairman, Heirs Energies, Mr. Tony O. Elumelu CFR and President and Chairman of the African Export-Import Bank (Afreximbank), Dr. George Elombi, during the signing ceremony to mark the execution of a USD 750 million Financing Transaction between Heirs Energies and the Afreximbank in Abuja on Saturday (1)
    • Chairman, Heirs Energies, Mr. Tony O. Elumelu CFR and President and Chairman of the African Export-Import Bank (Afreximbank), Dr. George Elombi, during the signing ceremony to mark the execution of a USD 750 million Financing Transaction between Heirs Energies and the Afreximbank in Abuja on Saturday (2)
    • Chairman, Heirs Energies, Mr. Tony O. Elumelu CFR and President and Chairman of the African Export-Import Bank (Afreximbank), Dr. George Elombi, during the signing ceremony to mark the execution of a USD 750 million Financing Transaction between Heirs Energies and the Afreximbank in Abuja on Saturday (3)
    • l-r: CEO, Heirs Energies, Osa Igiehon; Chairman, Heirs Energies, Mr. Tony Elumelu, President and Chairman of the African Export-Import Bank (Afreximbank),  Dr. George Elombi; Senior Executive Vice President, Afreximbank, Mr. Denys Denya, during the signing ceremony to mark the execution of a USD 750 million Financing Transaction between Heirs Energies and the Afreximbank in Abuja on Saturday
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Source: Heirs Energies |

Heirs Energies Agrees $750m Afreximbank Financing to Drive Long-Term Growth

The Afreximbank facility will accelerate field development, optimise production, and allow Heirs Energies to pursue value-accretive growth opportunities, while maintaining disciplined capital management

Heirs Energies Limited (https://HeirsEnergies.com/), Nigeria’s leading indigenous integrated energy company, has executed a USD 750 million financing with the African Export–Import Bank (Afreximbank). The transaction was concluded at a signing ceremony in Abuja on Saturday 20th December 2025, attended by Mr. Tony O. Elumelu, CFR, Chairman of Heirs Energies, and…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

African Development Bank Group and Nedbank Group sign multi-billion-rand funding partnership to transform housing access and boost African trade

Multi-billion-rand social bond subscription and the trade finance facility agreements target affordable housing for women and first-time buyers while unlocking continental trade financing for Africa

The African Development Bank Group (www.AfDB.org) and Nedbank Group have signed a landmark deal to boost access to affordable housing in South Africa and strengthen trade across the continent. The financing package comprises two components: a ZAR 2.5 billion social bond investment in Nedbank Group Limited and a $60 million…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

16 Days of Activism against gender-based violence: Five Bold Moves to end digital gender-based Violence — and unlock Africa’s digital promise (By Jemimah Njuki and Ndey Oley Cole)

Ending digital gender-based violence is central to achieving inclusive growth, human dignity, and the promise of Africa’s digital future

By Jemimah Njuki , Director of the Women, Gender and Civil Society Department at the African Development Bank  (www.AfDB.org) and Ndey Oley Cole, senior program manager. The 16 Days of Activism against Gender-Based Violence campaign is an international campaign led by the United Nations to challenge violence against women and…

African Development Bank Group (AfDB)

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    • The partner countries of the African Development Fund announced today a record contribution of US$11 billion for the next three years
    • The President of the African Development Bank Group, Sidi Ould Tah, who was leading his first African Development Fund negotiations, secured exceptional support to replenish the Fund's resources and advance its development program based on the Four Pillars
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Source: African Development Bank Group (AfDB) |

African Development Fund mobilises a historic $11 billion, marking a new era of African ownership and investment-led development

For the first time in the Fund’s history, 23 African countries have made unprecedented contributions to their own concessional financing window

The African Development Fund (ADF), the concessional financing arm of the African Development Bank Group (www.AfDB.org), has secured a record $11 billion from 43 Partners for its 17th Replenishment (ADF-17), the largest in the Fund’s history, despite severe global fiscal constraints and declining aid budgets. The outcome represents a 23%…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Liberia secures Global Environment Facility (GEF) approval for landmark mercury-reduction project in the gold mining sector, backed by the African Development Bank Group

The initiative marks Liberia’s entry into the planetGOLD programme, a global effort supported by the GEF that has already assisted more than 20 countries in reducing mercury use while improving environmental health and livelihoods

The Global Environment Facility (GEF) has approved a transformative project developed by the Environmental Protection Agency (EPA) of Liberia and supported by the African Development Bank Group (www.AfDB.org) to dramatically reduce mercury pollution from artisanal and small-scale gold mining (ASGM). The project, with $7.67 million in GEF financing and an…

Afreximbank

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    • L- R: Dr Mohamed Ibrahim, Clinical Director of Cardiovascular Services, AMCE, Mr. Anshul Govila, COO, AMCE, Mr. Brian Deaver, CEO, AMCE, Dr Aisha Umar, COO, AMCE and Dr Boules Gabriel, Clinical Director Oncology, AMCE at the AMCE open heart surgery and Stereotactic Body Radiation Therapy (SBRT) milestone press briefing
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Source: Afreximbank |

The African Medical Centre of Excellence (AMCE) achieves two landmark successes as it completes its first Open-Heart Surgery and delivers West Africa’s first Stereotactic Body Radiation Therapy (SBRT) for lung Cancer

Landmark procedure strengthens Africa’s capacity for complex cardiac care, reducing reliance on overseas medical travel

Only six months since its opening in June this year, the African Medical Centre of Excellence (AMCE) in Abuja is redefining top-class medical care in West Africa, achieving two ground-breaking clinical milestones. The world-class tertiary medical facility developed by African Export-Import Bank (Afreximbank) (www.Afreximbank.com) in partnership with King's College Hospital London,…

African Development Bank Group (AfDB)

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    • Monique Mulo Itala, registered nurse at the Mama wa Elikya health centre in Mbandaka (Equateur province), which receives hygiene kits as part of the response against the mpox virus in the DRC
    • The Emergency Assistance Project to combat mpox, funded by the African Development Bank and implemented by the WHO, has made it possible to vaccinate thousands of people in the Congolese province of Equateur
    • Hand-washing demonstration at a school in Mbandaka: children aged 0-15 accounted for 63 percent of suspected cases of mpox and 80 percent of deaths in the country
    • A resident of Mbandaka proudly presents her hygiene kit, her eyes full of hope for a future without the mpox virus in her community
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Source: African Development Bank Group (AfDB) |

From fear to hope: How Democratic Republic of Congo’s (DRC) Equateur province turned the tide on mpox

The province is not only celebrating the decline of the mpox virus, but also paying tribute to the community’s solidarity and determination that made it possible

In Mbandaka, the capital of the Democratic Republic of Congo’s Equateur province, the past few months have tested the resolve of health workers at the Mama wa Elikya centre. As cases of mpox -- formerly known as monkeypox-- rose steadily, carers worked under the constant shadow of fear and uncertainty,…

African Development Bank Group (AfDB)

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    • As the concessional window of the @AfDB_Group, the African Development Fund has provided more than US$45 billion in grants and low-interest loans to 37 low-income countries in Africa since 1972
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Source: African Development Bank Group (AfDB) |

High hopes for African Development Fund 17th replenishment meeting to mobilise investment for Africa’s development needs

Over the last five decades it has been instrumental in improving the lives of tens of millions across the 37 low-income countries it serves, amid mounting climate, economic and security pressures

The governments of the United Kingdom and Ghana are hosting the pledging meeting for the 17th replenishment of the African Development Fund (ADF-17) (www.ADF.AfDB.org) in London from 15-16 December, convening donor countries to back Africa’s next chapter of growth. The Fund, established in 1972 as the concessional arm of the…

Afreximbank

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    • L-R: Eng. Mohamed El Dahshoury, CEO of Hassan Allam Construction, Eng. Hassan Allam, CEO of Hassan Allam Holding, Dr. George Elombi, President and Chairman of Board of Directors of Afreximbank, Eng. Suha Abou and Dr. Abdul Aziz of EHAF Consulting Engineering
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Source: Afreximbank |

Hassan Allam Construction Awarded a landmark USD 250 million contract to build the iconic Afreximbank African Trade Centre in Egypt's New Capital

The project encompasses the full construction and finishing of a comprehensive development that will serve as Afreximbank's global headquarters

The complex will host a full suite of modern trade-supporting facilities, including a trade information centre, a world-class library and knowledge hub, an innovation and SME incubation centre, a business centre, a 110-room apartment hotel, a 750-seater modern conference centre and a corporate museum, among other facilities. Scope covers construction,…