Afreximbank’s USD 3bn Energy Facility to Ensure Energy Security

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The initiative supports regional refining hubs and infrastructure projects, including Nigeria’s Dangote Refinery and Angola’s Lobito and Cabinda refineries.

Afreximbank has announced a USD 3 billion credit facility for reducing Africa’s dependence on imported fuels, a major drain on national budgets and trade balances. The initiative supports regional refining hubs and infrastructure projects, including Nigeria’s Dangote Refinery and Angola’s Lobito and Cabinda refineries.

The facility is expected to catalyse intra-African energy trade, boost self-sufficiency, and help stabilise fuel prices across the continent. From mineral-rich provinces to solar-powered cities, Africa is asserting its potential, one reform, innovation, and empowered workforce at a time.

This facility, part of Afreximbank’s mission to transform the trade sector, focuses on providing financial support for projects, particularly in equity, to boost trade and development. It’s a key initiative by the institution to address the critical need for energy development across the continent.

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It prioritises investments in energy projects that can drive trade and economic growth across the continent. The facility offers various forms of financial assistance, including equity, quasi-equity, and debt capital, to support energy projects.