Africa Banking Network

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May 2011 Blog Posts (2)

AfDB approves a financial package of USD 200 million for the Nigerian Export-Import Bank

On May 26th, the Board of Directors of the African Development Bank (AfDB) Group approved a sovereign guaranteed Program, in the amount of USD 200 million, to the Nigerian Export-Import Bank (NEXIM) for financing export-oriented Small and Medium-sized Enterprises (SMEs) in Nigeria. The funds for the Program will be channeled through NEXIM by way of a multi-tranche Line of Credit. A portion of the proceeds of the Program will be used to pay for Technical Assistance for…

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Added by Linda Larbie on May 31, 2011 at 3:05pm — No Comments

Africa Business Confidence Index continues to show growth

Manufacturing index 54.7 and non-manufacturing index 56.0, both numbers still indicating growth for the 4th consecutive month; manufacturing down by 5.6 percentage points; non-manufacturing declines by 2.9 percent compared to March.



The Africa Business Confidence Index (ABCI) for April shows growth in both the index for manufacturing and non-manufacturing sectors in Africa. The difference compared to March in the indices for both manufacturing and…

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Added by Bas Vlugt on May 4, 2011 at 12:30pm — No Comments

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