Afreximbank opens $2 billion financing facility
By the AFREEQUE newsroom, based on ThisDay
African Export-Import Bank Afreximbank is opening a $2 billion facility for Cross River and other African sub-national governments to finance economically viable projects. The facility will be presented to states at the AfSNET 2026 conference in Calabar from 12 to 14 November, according to Afreximbank.
The African Export-Import Bank, Afreximbank, has opened a $2 billion financing facility for Cross River and other African sub-national governments to finance projects deemed bankable, Gainmore Zanamwe, the bank’s director of trade facilitation and investment promotion, announced on Wednesday. He was speaking in Calabar at a press briefing held ahead of the 6th conference of the African Sub-Sovereign Governments Network, AfSNET 2026.
The conference, scheduled for 12 to 14 November in Calabar, is expected in particular to present to states the conditions and procedures for accessing the facility. Practical sessions will focus on identifying, developing and preparing projects that meet the criteria of financial institutions and investors, according to Zanamwe.
Access to financing will depend on the quality and financial viability of the projects submitted, the Afreximbank official said. He recommended that governments define a clear economic vision and select two or three priority sectors capable of boosting trade and investment.
The announcement comes after the launch, on 12 November, of another Afreximbank initiative aimed at facilitating $3 billion in investment in Africa, according to Afreximbank facilitates $3 billion in investment.
