Afreximbank Provides $1.75 Billion Facility to Angola’s Sonangol to Support Operations and Exports

By Jacob Hyde
BusinessBusiness AfricaAngola
Stay connected via Google News
Add as preferred source on Google

The African Export-Import Bank (Afreximbank) on Wednesday announced a $1.75 billion facility for Angola’s national oil company, Sonangol. 

Don’t Miss This:

Afreximbank Approves $1.3 Billion Loan For Angola Fertiliser Plant, Minister Says

Afreximbank described the financing as a “syndicated receivables purchase facility” in a statement on its website.

“The $1.75-billion facility is expected to enable Sonangol to meet its operating and capital needs by strengthening export-linked trade structures,” the statement added.

Don’t Miss This:

Afreximbank Launches $250 Million Pan-African Trade Hub Project In Egypt

Image Credit: OilPrice.com

Stay connected via Google News
Add as preferred source on Google
Pressdia Ad

Unlock Doors Across Africa: Grab Your FREE Personal Branding & Networking Guide!

Ready to build a powerful personal brand and network that opens doors across Africa? This guide provides the blueprint for thriving in the continent’s dynamic business landscape.

This field is for validation purposes and should be left unchanged.
Consent*

Pressdia Ad

Latest Posts

Mo Abudu: How the Nigerian Media Entrepreneur Built EbonyLife and Took African Storytelling to Global Audiences

Jane Ohams -

South African Rand Falls 0.3% to 16.5275 Against Dollar as ANC Vote Share Drops to 32%

Jacob Hyde -

Zambia-Tanzania Power Interconnector to Begin Operations in 2029, Boosting Regional Electricity Trade

Ayodele Oyeniyi -

Morocco Suspends Tomato Exports to African Markets in November 2026 as Domestic Prices Rise

Jacob Hyde -

Richat Structure Mauritania and Eye of the Sahara: Explore Africa’s 40-Kilometre Desert Wonder

Jane Ohams -

US-Egypt $125 Million Agreement Targets Private Sector Growth Across 6 Development Areas in 2026

Jane Ohams -

South Africa ANC Vote Share Falls to 32% in 2026 Municipal Elections as DA Gains Ground

Ayodele Oyeniyi -

Ethiopia GDP Rebasing Raises Economy by 59.2% to $201.42 Billion in 2026 as Debt Restructuring Advances

Samuel Jackson DR -

Kenya Private Sector PMI Rises to 52.5 in October 2026 as Manufacturing Growth Accelerates Despite 7.3% Inflation

Jane Ohams -

Beatrice Eneh: Advancing African Beauty Manufacturing, Investment and Cross-Border Trade

Ayodele Oyeniyi -

Related Posts

Africa’s Clove Market Still Dominated By Four Countries Ahead Of Nigeria’s Entry

Ishola  Laide -

NNPC Restarts Oil Drilling in North, Settles Dispute with Dangote Refinery

Crest Africa -

Nigeria Strengthens Healthcare Logistics with Zipline’s New Distribution Centre

Ishola  Laide -

Top 5 African Diaspora Leaders Investing in the Continent

Jacob Hyde -

EFCC Moves Against Cross-Border Cash Smuggling, Warns BDCs to Comply or Face Tough Penalties

Ishola  Laide -

Access Bank and Visa Launch Tap to Phone in Nigeria, Revolutionizing Contactless Payments

Ishola  Laide -

Microsoft Posts $69.6 Billion in Q4 Revenue, Driven by Azure and AI Growth

Jacob Hyde -

Dangote Targets $50 Billion Valuation Ahead Of Planned Pan African Refinery Stock Listing

Ishola  Laide -
Previous article
Nigeria Lowers Entry Barriers, Tightens Transparency in 2025 Oil Licensing Round to Attract Investors
Next article
Turkey Aims to Raise Trade Volume With Nigeria to $5 Billion

LEAVE A REPLY

Please enter your comment!
Please enter your name here