Afreximbank Signs $190m Deal With Made in Africa

Afreximbank
  • 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.

About the Author

Samed Olukoya
CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade long experience in the global financial market. Contact Samed on Twitter: @sameolukoya; Email: [email protected]

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