Afreximbank Bags Six Awards at Capital Markets Africa Awards

The African Export-Import Bank (Afreximbank) has bagged six awards at the recently concluded 2024 Bonds, Loans and ESG Capital Markets Africa Awards in South Africa.

This is contained in a statement signed by Vincent Musumba, Manager, Communications and Events, Afeximbank, in Abuja on Tuesday.

Musumba said the awards were presented on the sidelines of the Bonds, Loans and ESG Capital Markets Africa Conference.

He said the awards recognised Afreximbank’s outstanding achievements in financing, promoting, and facilitating trade and for its broadening work to facilitate sustainable economic growth and development in Africa.

Musumba said Afreximbank was recognised with ‘Financial Institutions Bond Deal of the Year’ for acting as Joint Lead Manager on the debut 300 million dollar senior Eurobond issuance by Mauritius Commercial Bank (MCB), in April 2023.

“This marked the first Investment Grade-rated commercial bank senior bond out of Africa as well as the first international Eurobond out of Mauritius.”

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He said Afreximbank also won the ‘Infrastructure Finance Deal of the Year’ award for its 1.76 billion dollar loan to the Government of Tanzania, issued on June 30, 2023.

Musumba said the award for the Export Credit Agency, Development Finance Institution, and International Finance Institution Deal of the Year was presented to the bank for its 640 million dollar Samurai loan issued in July 2023.

“The Renewable Energy Finance Deal of the Year award went to the Bank for its 147 million euro loan to the Government of Cameroon which was issued on October 7, 2023.”

“For the Oil and Gas Deal of the Year award, the organisers recognised Afreximbank for its 1.3-billion dollar loan to Sonangol Finance Limited, issued in August 2023.”

He said the final award to the bank was for being the Financial Institution Debt House of the Year.

Musumba said Chandi Mwenebungu, Director and Group Treasurer, Afreximbank, reacting to the awards, was quoted as saying “These awards represent a recognition of our bank’s strategic work in Africa’s financial markets.

“They also present an opportunity for Afreximbank to recognise and celebrate the outstanding achievements of its clients and partners working to advance the economic development of Africa.”

Mwenebungu said that the bank had been playing a leading debt-arranging role across Africa’s main industry sectors.

The director said Afreximbank had been instrumental in promoting the inclusion of environmental, social, and governance (ESG) standards in financing structures, thereby furthering their application on the continent and attracting capital.

Musumba said the Bonds, Loans and ESG Capital Markets Africa Conference is the only Pan-African debt event bringing together local and international bonds issuers, investors and financial institutions, and financial services providers from across the continent.

“The conference is recognised as the number one business meetings facilitator for Africa’s capital markets and is Africa’s largest corporate and investment banking event.”

He said no fewer than 1,060 senior borrowers, issuers, regulators, bankers, investors, advisors, and government officials from 383 companies and 46 countries participated. NERC Transfers Regulatory Oversight of Electricity Market in Ekiti to State Govt

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