Business
Afreximbank Signs $190m Deal With Made in Africa
- Afreximbank Signs $190m Deal With Made in Africa
In a bid to support African businesses and enhance productivity on the continent, the African Export-Import Bank (Afreximbank) has signed a new deal with the Made in Africa Inc. (MIA) company.
According to the details of the deal, Afreximbank will provide credit facility of $190 million to MIA in two tranches to support it plans to acquire African Fabric Holdings BV, Netherlands, also known as Vlisco Group.
The deal was signed in Kigali, during the Creative AFrica Exchange Weekend, by Kanayo Awani, the managing director of Afreximbank’s Intra-African Trade Initiative, and Kojo Annan, the Chairman and Founder of Mia.