NEXI backs JBIC credit line to Afreximbank

Region:

Middle East & Africa, Asia-Pacific

Nippon Export and Investment Insurance has established an export credit line for the African Export-Import Bank (Afreximbank).

NEXI will provide loan insurance for the portion financed by a commercial bank (up to $120 million), which is a part of the export credit line (up to $300 million) set up between the Japan Bank for International Cooperation (JBIC) and Afreximbank on 31 May, 2019.

This aims to provide loans to African companies through Afreximbank, for their purchase of machinery, equipment and services needed for economic development from Japanese companies or Japanese overseas subsidiaries.

View source

Funding African development: Could it be faster, more impactful and cheaper?

Roundtable

03 September 2024

Funding African development: Could it be faster, more...

Cost of debt and mobilisation of private capital for Africa – could both be done better and cheaper? It’s a $170 billion per year question according to estimates from the OECD...

Perspective

06 September 2024

Lobito Corridor: Spreading the benefit?

The Lobito Corridor Railway project is progressing, with more than enough funding raised for its initial needs. But questions still remain over whether DFIs should be backing...

Must See

Video

14 March 2024

EDB’s cheatsheet for cross-border PPPs

Cross-border PPPs are complex and few in number - but potentially highly impactful. Evgeniy Vinokurov, chief economist at Eurasian Development Bank (EDB), discusses the findings from EDB’s 2023 report 'Cross-Border Public- Private Partnerships' and what makes for a successful cross-border PPP.

Roundtable

03 September 2024

Funding African development: Could it be faster, more impactful and cheaper?

Cost of debt and mobilisation of private capital for Africa – could both be done better and cheaper? It’s a $170 billion per year question according to estimates from the OECD of what Africa needs to bridge its infrastructure gap and generate sustainable growth. So what needs to change? Join Uxolo’s open access virtual roundtable on 10 September to find out.

Perspective

06 September 2024

Lobito Corridor: Spreading the benefit?

The Lobito Corridor Railway project is progressing, with more than enough funding raised for its initial needs. But questions still remain over whether DFIs should be backing a scheme that supports extractive industries.